February 29, 2024

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South Australia Leads on Green Tech Project

A thermovoltaic device that will convert infrared energy from waste heat sources into electricity is being developed by the University of South Australia (UniSA) and a green technology company in collaboration with the Innovative Manufacturing Cooperative Research Centre (IMCRC).

The $314,000 research project, based at UniSA’s Future Industries Institute (FII) in Adelaide, will leverage the green tech company’s existing beta-voltaic technology and adapt it to create an efficient cost-effective device known as ‘GenT’.

Waste heat capture and utilisation technology has been identified as a growth area on the Recycling and Clean Energy National Manufacturing Priority Roadmap and represents a key strategy for improving energy efficiency across Australia.

The Managing Director of the tech company stated that the firm was excited to be working with IMCRC and UniSA’s FII to develop a product set to advance energy efficiency across a broad range of industry sectors. He added that the GenT project epitomises the company’s focus, which is to utilise innovative manufacturing and technology to convert underutilised or waste resources into valuable products.

The IMCRC funding will enable the firm to accelerate the commercialisation of its technology by providing the resources we need to construct prototypes and determine their suitability across a range of applications.

UniSA Professor Drew Evans said that FII researchers were looking forward to supporting the company to develop and deliver an Australian technology that has the potential to become a new, renewable energy source for industry. He noted that for UniSA, the GenT project represents a new opportunity for our materials and manufacturing research to drive economic and social impact for our partners and Australia. The GenT project will utilise UniSA researchers expertise in materials R&D to help the company develop a product of significant benefit to Australia’s and the world’s energy sector.

The IMCRC Deputy CEO stated, “The 12-month project is “a great example of how the industry can effectively utilise Australian manufacturing and scientific research expertise to address industry challenges and create scalable solutions to globally relevant issues.”

The global waste heat recovery system market size was valued at US$54.3 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.8% from 2020 to 2027. Growing concerns about Greenhouse Gas (GHG) emissions and strict regulations to decrease carbon footprint is projected to be the key driving factors for the growth of the global waste heat recovery system (WHRS) market.

These systems are highly energy-efficient and can generate onsite electricity, as well as reduce overall operational costs. These factors are also likely to boost their demand over the forecast period. Energy-intensive industries including heavy metal manufacturing, chemical, cement, glass, and petroleum refining are some of the key application areas with substantial waste heat recovery potential.

Such systems enable the reuse of flue gases for pre-drying and co-generation in thermal power plants, which increases the thermal efficiency of the system, thereby fuelling the product demand. The presence of major industry participants, such as General Electric and Terrapin, in this region, will further boost the market growth.

The Asia Pacific is projected to be the fastest-growing region at a CAGR of 10.3% over the forecast period. The Asia Pacific was positioned as the largest FDI recipient in the manufacturing sector. Rapid industrialisation along with increasing awareness about the significance of sustainable energy in emerging markets of India and China is likely to bolster the market growth in this region.

PARTNER

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.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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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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