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Ideatrotter

Broadcasting Our Innovative Future Now

Posts tagged with ‘australia’

Lithicon: Innovation leads to commercial success

A high-technology company set up by The Australian National University and UNSW Australia has been sold for $76 million (US$68 million).

The company, Canberra-based Lithicon AS, has been sold to the US-based FEI Company, a world leader in imaging technology for a range of markets, including oil and gas exploration. ANU will receive $11 million from the sale proceeds, representing a five-fold increase in its original investment, and UNSW will receive $4 million.

The sale is the most significant commercial spinoff for ANU in the past decade, and underlines the strength of the University’s research and partnerships with industry. Today, Lithicon AS employs 18 people in Canberra and markets its services to resource companies around the world.

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Clean tech opportunities in Indonesia

Indonesia’s policy shift towards renewable and low emissions technology presents unique opportunities for Australian expertise, particularly in the off-grid renewable space in the remote islands of the Indonesian archipelago. Dan Solomon discusses these opportunities and challenges for Australian businesses looking to service this largely untapped opportunity.

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Solar Intermittency: Australia’s clean energy challenge

A CSIRO report entitled ‘Solar Intermittency: Australia’s clean energy challenge' investigates the effect of solar intermittency on the Australian electricity grid. Dr Saad Sayeef talks about the report, its findings, and future research.