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Australia opens first hydrogen electrolyser manufacturing facility

  • Article

Fortescue Future Industries has opened Australia’s first commercial-scale hydrogen electrolyser manufacturing facility in Gladstone, Queensland. Fortescue’s Gladstone Electrolyser Facility is one of the largest facilities of its type in the world. The facility is the first stage of a Green Energy Manufacturing Centre that Fortescue is developing on a 100-hectare site in the Gladstone State Development Area. The next phase – a 50 MW green hydrogen production facility called PEM50 – has received construction approval. At full capacity, the Centre is expected to produce more than 200,000 tonnes of green hydrogen each year. Gladstone is one of eight regional hydrogen hubs being developed across Australia. There are strong investment opportunities for global companies looking to expand into Australia’s hydrogen industry.

A researcher holding a silicon photovoltaic element with test equipment nearby

Australia’s A$1 billion boost for solar PV manufacturing

  • Article

The Australian Government has announced A$1 billion in new funding to grow solar photovoltaic (PV) manufacturing in Australia. The Solar Sunshot program will provide support across the solar PV supply chain. This includes scaling up module manufacturing capabilities and other areas of the supply chain where grant funding can help kickstart the industry. The Australian Renewable Energy Agency (ARENA) will deliver the program. ARENA has invested more than A$830 million towards 233 solar PV projects to date. ARENA and the Department of Climate Change, Energy, the Environment and Water will collaborate to develop the final program design following consultation with stakeholders. 

Cyber security woman with tablet in data centre

Australia’s Cyber Security Strategy opens opportunities for Baltic firms

  • Insights

Australia’s 2023–2030 Cyber Security Strategy opens up partnership opportunities between the Australian and Baltic cyber ecosystems. The Australian Government has legislated cyber security obligations that require over 2,000 businesses to develop a risk management program. There are opportunities to help businesses meet cyber defence needs, as well as develop cyber security operations centres and product innovations centres, build Australia-based data centres, and conduct R&D into products and technologies that defend infrastructure and cyber assets.

A multi-story building with landscaping plants outside is position next to a bending road with cars parked nearby.

Australia: APAC’s rising regional hub for green data centres

  • Article

The green data centre hub of the future is not in Seattle, Silicon Valley or Singapore. It’s right here in Perth, Western Australia, pioneered by Australian company GreenSquareDC™. The company’s flagship A$1 billion data centre, WAi1, is a 96 MW hyperscale facility purpose-built for resource-intensive AI computing. What’s more, it will be powered by clean energy, use considerably less water, and built using sustainable materials with far less embodied carbon.

A person wear a yellow high visibility top touches a floating image of a cog with the words net zero

NSW opens EOIs for net zero manufacturing

The New South Wales Government has opened expressions of interest (EOIs) for funding under its new Net Zero Manufacturing Initiative. The initiative aims to boost clean energy manufacturing and innovation to fast-track emissions reduction, create new jobs and drive economic growth in NSW. The initiative offers A$275 million in funding under three programs: Clean Technology Innovation; Low Carbon Product Manufacturing; and Renewable Manufacturing. Businesses can check their eligibility and application procedures.

A number of white large energy storage batteries sitting on a factory floor concept

Queensland’s new A$570m Battery Industry Strategy

  • Article

The Queensland Government has released a new strategy to supercharge battery technology innovation, investment and supply chain security. The Queensland Battery Industry Strategy 2024-2029 highlights the state’s critical minerals and mining expertise. It also showcases Queensland’s capabilities in refining, production of advanced battery materials, cell manufacture, pack assembly, installation and recycling. The Strategy will invest A$570 million over the next 5 years in key projects, including the Australian-Made Battery Precinct and the Australian Battery Industrialisation Centre. Queensland will also target value-adding investment in mineral refining, processing, and advanced material and cell manufacturing.

Concept image of hydrogen storage tanks with solar panels and wind turbines in the background

New Hydrogen Hub to be built in the Pilbara

  • Article

The Australian Government and the Western Australian Government have committed A$140 million to build a hydrogen hub in the Pilbara region in Western Australia. The Pilbara Hydrogen Hub could produce up to 492,000 tonnes of hydrogen per year for domestic and export markets. It has the potential to become an international gateway to Australian-made green steel and iron. The funding will also be used to support a Clean Energy Training and Research Institute. The institute will provide job training in renewable energy and hydrogen for Pilbara residents, including First Nations peoples. Construction will begin in 2024.

A female scientist works with a piece of laboratory equipment.

Latest Australian Critical Minerals Prospectus released

  • Article

The Australian Government has released the Australian Critical Minerals Prospectus. The latest Prospectus showcases 52 high-quality, investment-ready critical minerals projects. These projects include mining, processing and value-adding opportunities across the critical minerals supply chain. Australia’s critical mineral resources will be vital in the global shift to green technology such as solar panels, electric vehicles and wind turbines. Australia is committed to transitioning to a net zero economy, and the Australian Government is actively supporting investment in critical minerals projects, including through the recently expanded A$4 billion Critical Minerals Facility. The Facility provides funding for critical minerals mining and processing projects. Independent research has found that Australia continues to be the most attractive region globally for mining investment, with a secure economy backed by strong exports, services and a stable regulatory environment.

Man using a tablet and laptop

Australia’s strategy to become a global cyber leader by 2030

  • Article

Australia has set out a roadmap to realise its vision of becoming a world leader in cyber security by 2030. The 2023–2030 Australian Cyber Security Strategy sets out 6 cyber shields under which the Australian Government will seek to improve cyber security, manage cyber risks and better support citizens and businesses. The Australian Government will commit A$586.9 million to the Cyber Security Strategy out to 2030. It has released a Cyber Security Action Plan detailing the key initiatives that will start over the next 2 years. There are strong opportunities for investors to help Australia meet its cyber security ambitions.

Concept image showing solar panels, wind turbine generators, and battery storage in a cleared, gravel area with blue sky and clouds above.

Australia expands investment scheme for new renewables projects

  • Article

Australia will expand its Capacity Investment Scheme (CIS) to increase new investment in renewable energy projects. The scheme’s expansion will underwrite projects to deliver 9 GW of clean dispatchable capacity and 23 GW of variable capacity nationally by 2030. This will build reliability in Australia’s changing energy market and support its energy system to reach 82% renewables by 2030. Australia will hold competitive tender bids for projects that can fill expected reliability gaps. The CIS South Australia-Victoria tender will open for bids in December 2023. The New South Wales tender resulted in 6 successful bids for major energy projects totalling 1,075 MW of reliable capacity. The Australian Government will provide revenue support for the selected CIS projects, providing a long-term revenue safety net that decreases financial risks for investors.

Two male researchers stand in a field of wheat looking at samples

Italy’s leading food and beverage manufacturers expand in Australia

  • Article

Australia is a compelling market for international companies to develop, commercialise, scale and source the next generation of agriculture and food technologies. Italy is one of the largest food processors in Europe with a thriving food tech and innovation scene. From precision agriculture technologies to targeted nutrition and sustainable packaging, Italy’s leading food manufacturers are now successfully growing their footprint in Australia.

Critical Minerals on conveyor belt

Australia commits another $2bn to critical minerals financing

  • Article

Australia is boosting critical minerals funding by another A$2 billion, doubling the capacity of Australia’s Critical Minerals Facility to finance critical minerals mining and processing projects. The extra financing takes the Australian Government’s value-adding investments in Australian resources to A$6 billion. Australia is seeking investment in critical minerals to solidify its position as a world-leading provider and help the country transition to net zero by 2050.

A large number of wind turbines in an offshore wind farm

Australia takes aims at offshore wind for cleaner future

  • Article

Australia offers tremendous potential for offshore wind projects. The Australian Government has declared two regions for development: one is off the coast of Gippsland, in Victoria, and the other is in the Hunter Valley in New South Wales. Another four more regions have been proposed. In this article, Austrade Investment Director Kathleen Devereaux details the opportunities for offshore wind developers in Australia. The article also spotlights international investments into Australia’s offshore wind industry, including Spanish energy giant BlueFloat Energy’s four projects.

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Australian engineers awarded the world's top prize for solar cell technology

  • Article

A team of Australian engineers has been awarded the world's top prize for engineering. The Queen Elizabeth Prize for Engineering recognises transformational feats of engineering which benefit humanity around the world. His Majesty King Charles presented Professor Martin Green of the University of New South Wales, Professor Andrew Blakers of Australia's National University, and Dr Aihua Wang and Dr Jianhua Zhao with the prize for their invention and work in the development of Passivated Emitter and Rear Cell (PERC) solar photovoltaic technology.

Concept picture of two trains approaching a rail bridge over a river

Australia's A$70 billion rail construction pipeline

  • Article

There has never been a more exciting time to be part of the Australian rail industry. With A$70 billion in rail construction activity planned over the next 5 years, the country is currently in a period of development that will transform its rail network for generations to come. Australia has a strong pipeline of public sector funded projects, with 357 large road, rail, airport, energy and social infrastructure construction projects planned in major cities and across key freight and transport routes.

Renewable energy using wind turbines and modern solar panels in a green field.

ARENA releases General Funding Strategy and updated Investment Plan

  • Article

The Australian Renewable Energy Agency (ARENA) is an Australian Government agency that provides funding for renewable energy projects and enabling technologies. ARENA has released its updated Investment Plan 2023 and General Funding Strategy 2023/24 – 2025/26. The Investment Plan includes information on how to apply for ARENA funding and examples of the projects the agency is looking to fund. The General Funding Strategy outlines ARENA’s strategic priorities against which funding proposals are assessed. These include optimising the transition to renewable electricity; commercialising renewable hydrogen; supporting the transition to low-emissions metals; and decarbonising transport. 

Hydrogen supply pipes with a blue coloured value turn wheel

Hydrogen Headstart funding program for renewable hydrogen projects now open

  • Article

Australia has opened expressions of interest (EOIs) for the Hydrogen Headstart Program, the largest-ever Australian Government-funded program for renewable hydrogen. The program will provide up to A$2 billion of revenue support for large-scale renewable hydrogen projects. Australia has more than 100 hydrogen projects in the pipeline. The country is investing in public infrastructure and low-emissions technologies to grow its hydrogen industry, and developing global hydrogen supply chains with international partners. EOIs are open until 10 November 2023. Only Australian companies can be the lead applicant for funding. However, international investors can partner with Australian companies to create project consortiums. Austrade can connect investors with Australian project proponents. 

Queensland’s new A$76m Quantum and Advanced Technologies Strategy

Queensland’s new A$76m Quantum and Advanced Technologies Strategy

  • Article

The Queensland Government has released the Quantum and Advanced Technologies Strategy& to support the continued growth of the state’s quantum technology industry. The Queensland Government will invest A$76 million over the next four years to support the strategy’s implementation. The strategy leverages Queensland’s strong research and fabrication capabilities across quantum and other related technologies. These include semiconductors, superconductors, photonics and micro-electromechanical systems. These technologies are used in industries such as renewable energy, critical minerals, batteries, medicine and defence. The strategy will also support the commercialisation of research and intellectual property by attracting and building new advanced technology businesses in Queensland. The Queensland Government worked with four universities and key quantum and advanced technology companies to develop the strategy.

SEA report cover

Australia launches new Southeast Asia Economic Strategy to 2040

  • Article

The Australian Government has released a major new strategy to forge closer economic integration with Southeast Asia, one of the world’s fastest-growing regions. Developed by Mr Nicholas Moore AO, Special Envoy to Southeast Asia, the Invested: Australia’s Southeast Asia Economic Strategy to 2040 sets out a practical pathway to increase Australia’s two-way trade and investment with the region. The Australian Government has announced three priority initiatives as an initial response to the strategy’s 75 recommendations. One will involve setting up investment deal teams to increase Australian investment in Southeast Asia. The teams will identify opportunities in priority sectors, provide market intelligence to investors and advise on risk management and regulatory processes. The second initiative is a four-year program to increase two-way trade between Australia and Southeast Asia. The third is a placements and internships program for young professionals in Australia and Southeast Asian countries. 

Contact an Austrade specialist as an investor as a buyer