Close×

Robotics and AI are being pushed as part of a new $2m funding scheme to drive innovation in energy resources.

National Energy Resources Australia (NERA) is stumping up the funding for projects in any of four focus areas impacting the energy resources sector: remote operations, robotics and AI; unconventional gas technologies; hydrogen; and decommissioning.

According to Miranda Taylor, chief executive of NERA, the funding will go towards industry-led projects that can strengthen energy resources innovation in Australia.

“We know collaborative partnerships between industry and innovators can produce truly transformational results, and NERA is committed to continuing to support our sector adopt and adapt to new technologies that generate competitive industry outcomes, efficiencies and deliver value and jobs across the nation.

“Through this new project funding announcement, we hope to work with local innovators to build their capacity and capability in fields of robotics and artificial intelligence, which are critical to improving the future productivity and safety of the energy resources sector, as well as developing transferable skills and technologies with benefits across the Australian economy,” she said.

The fund is seeking projects that demonstrate innovative approaches, clear commercialisation applications, and clear project time frames, said Taylor.

“By continuing our sector-wide initiatives, we can unlock more than $10 billion in new value and achieve our vision of Australia as a global energy powerhouse, a sought-after destination for investment, and the leading source of knowledge and solutions,” she said.

Food & Drink Business

Cobram Estate Olives (CBO) has formally claimed a purchase price adjustment of up to US$31.9 million on its California Olive Ranch (COR) acquisition and expects to pay no earn-out on the deal, as the Australian producer works through the completion of its largest ever transaction.

Maggie Beer Holdings (MBH) has pushed back the expected timing of its proposed $10 million sale of Hampers and Gifts Australia (HGA), with completion now targeted for February 2027 rather than a binding agreement signed by the end of this month.

RMIT University and End Food Waste Australia have launched the new Food and Beverage SME Packaging and Machinery Solution Centre, to help Australian food and beverage SMEs navigate the complex transition to more sustainable packaging and processing technologies, while protecting product quality and minimising food waste.