February 26, 2024

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Australia greenlights next-gen energy tech projects

The Australian Government is investing in the future of energy innovation by backing new technology projects that harness opportunities from the deepest oceans to outer space.

The Minister for Industry, Science and Technology stated that AUS$ 344,000 would be provided to support two new industry-led collaboration projects through National Energy Resources Australia (NERA), one of the Federal Government’s six Industry Growth Centres.

The first project will help leverage Australia’s world-leading capabilities in remote operations, AI, machine learning and automation to create new markets and build scale between the energy resources sector and emerging global space industry.

The project will power the newly formed Australian Remote Operations for Space and Earth (AROSE) consortium to map Australia’s current technology capabilities and identify opportunities to position Australia as a future hub and exporter of remote operations technology solutions for space.

The second project will accelerate the development and delivery of a world-first augmented machine vision solution, which is capable of revolutionising the way the energy industry inspects and maintains equipment deep underwater.

These projects are examples of how Australia can lead the next decade and beyond in technology innovation by leveraging the nation’s industry knowledge and encouraging the exchange of ideas across sectors.

It proves that by getting the industry to work together, the country can see its world-leading energy resources sector expand even further and take on new frontiers.

Space presents Australia with huge economic opportunities. These cross-sector opportunities will be essential if the country to reach its goal of tripling the size of the space economy to AUS$12 billion a year and an extra 20,000 jobs by 2030.

The CEO of NERA stated that the agency was working to ensure Australia remains globally competitive now and into the future, and this means supporting the local energy ecosystem to design and develop the next generation of energy technology at home.

NERA is proud to create connections for growth across our sector that bridge the gap between the science and commercial worlds, drive economic and safety improvements across the sector and invest in new technology projects that are supporting Australia’s transition towards a low carbon future.

The Western Australian Science Minister stated that AROSE presents an opportunity to leverage Western Australia’s world-class expertise to create an estimated 1,500 WA jobs in five years. The Western Australian Government is a founding partner of AROSE along with Woodside, Fugro, Nova Systems, Curtin University and The University of Western Australia.

The McGowan Government is seizing the opportunity to take part in the new generation space race to diversify the WA economy and create WA jobs.

Last month, it was announced that AUS$1.5 million to secure the headquarters of AROSE in Perth and the Minister welcomes the Commonwealth collaborating with us on this exciting project.

I look forward to working with my federal counterparts and industry to unlock more opportunities for Western Australia in this emerging sector.

Both projects form part of NERA’s energy innovation ecosystem that is leading the sector-wide transformation to unlock +AUS$10 billion of new value for the Australian economy.

Green technology in Australia

OpenGov Asia recently reported that New South Wales aims to attract $11.6 billion of private investment and create 2400 new jobs under the government’s ambitious 10-year plan to reach net-zero emissions by 2050.

The plan, the first of its kind in Australia, will drive about two-thirds of the investment to regional and rural NSW and is expected to save households $40 a year on electricity bills.

It will be “the foundation for the state’s action on climate change” and will also deliver a 35 per cent emissions reduction from 2005 levels by 2030.

The NSW Energy Minister stated that the state would lead Australia with its Net Zero Plan.

Where there are technologies that can reduce both emissions and costs for households and businesses, the aim is to roll them out across the state.

Where these technologies are not yet commercial, the state wants to invest in their development so they will be available in the decades to come.

The government will accelerate the research and development of low emissions technologies that show potential for becoming “scalable, replicable and cost-effective”.

It will also “lead by example” when it comes to government purchasing policy.

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Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

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SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

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IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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