Sydney startup AMSL Aero, which has designed and built a long-range electric vertical take-off and landing (eVTOL) aircraft, has taken the next steps in its plan to take to the skies in 2027 after trialing more than 50 remote control flights in NSW over the past fortnight. The test flight was performed on battery power… Read more »
Sydney startup AMSL Aero, which has designed and built a Vertical Take Off and Landing (VTOL) aircraft powered by hydrogen, has sold its first 10 aircraft to a commercial client. Aviation Logistics, which operates spanning regional passenger services, charter, freight and aeromedical flights, paid deposits on 10 aircraft, with the option to buy 10 more,… Read more »
Green hydrogen startup HydGene Renewables, has raised $6 million to reduce the reliance on fossil fuels to produce the energy source. The round into the Macquarie University synthetic biology spinout was led by the Clean Energy Finance Corporation’s Clean Energy Innovation Fund, which chipped in $2 million, and specialist UK investor Agronomics. HydGene’s technology is… Read more »
The 2023 federal budget has earmarked $392 million Industry Growth Program in advice and grants for startups and small businesses, to help them commercialise their ideas. The announcement by federal treasurer Jim Chalmers in the 2023 budget on Tuesday night is part of more than $500 million in funding that science and industry minister Ed Husic… Read more »
A team of University of Queensland (UQ) engineers who designed a sustainable and affordable 3D-printed rocket engine has won two awards for their invention Herik Labs won the Entrepreneur of the Year and People’s Choice awards at the UQ’s Ventures ilab Accelerator Pitch Night for their oxygen and hydrogen-powered engine. Made in a fraction of… Read more »
Scientists at RMIT have made a breakthrough by developing a cheaper and more energy-efficient way to make hydrogen directly from seawater, without needing to desalinate the water. Hydrogen has long been touted as a sustainable alternative fuel and a potential solution to critical energy challenges, particularly for industries that are more difficult to transition to… Read more »
Aspiring green hydrogen producer LINE Hydrogen has raised $1.38 million from crowdfunding as it looks to play its part in Australia’s renewable energy mix. The Tasmanian startup, alongside the Bell Bay Solar Farm, is hoping to become one of Australia’s first 100% renewable commercial-scale hydrogen producers and distributors, with production beginning in early 2023. LINE’s… Read more »
Labor leader Anthony Albanese has pledged to double the government’s $250 million Future Fuels Fund to $500 million to boost electric vehicle uptake and infrastructure if it wins the federal election on May 21. The ALP’s ‘Driving the Nation’ policy also embraces hydrogen vehicles and infrastructure, and hopes to make EVs more affordable and easier to charge, as… Read more »
You might remember hearing a lot about green hydrogen last year, as global pressure mounted on Australia to take stronger action on climate change ahead of the COP26 Glasgow summit last November. The government predicts green hydrogen exports and domestic use could be worth up to A$50 billion within 30 years, helping the world achieve… Read more »
Nearly 9000 taxi drivers just scored $152 million from Uber as compensation for its illegal launch in Australia 
Fresh from its $272 million win against Uber, class action lawyers Maurice Blackburn are now eyeing off Google’s adtech 
Zip cofounder Larry Diamond makes his exit to focus on philanthropy 
SISTER ACT: Nicola Forrest drops $100 million into an investment fund to back women 
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