Hydrogen

• Anthony Albanese will outline on Thursday a strongly interventionist role for government to make Australia competitive in a world requiring us to “break with old orthodoxies”.
• In a major pre-budget address that puts industry policy at the heart of this agenda, the Prime Minister will declare his government “will not be an observer or a spectator – we will be a participant, a partner, an investor and enabler”.
• To underpin the case for the government’s direction, Albanese highlights comparable countries that are investing in their industrial base, manufacturing capability and economic sovereignty.

‘Not old-fashioned protectionism’

• Australia continued to champion global markets, but “equally, we must recognise that the partners we seek are moving to the beat of a new economic reality”.
• “All these countries are investing in their industrial base, their manufacturing capability and their economic sovereignty.
• And – critically – none of this is merely being left to market forces or trusted to the invisible hand.
• "The heavy lifting of economic transition and industrial transformation is not being done by individuals, companies or communities on their own.
• "It is being facilitated, enabled and empowered by national Governments from every point on the political spectrum.
• Ramping up a rhetoric of urgency, Albanese says: “We need to be clear-eyed about the economic realities of this decade.

Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

• Berlin, 21 March 2024: Enapter AG (ISIN: DE000A255G02) has received a grant for its Italian subsidiary Enapter SRL from the Italian Ministry for Enterprise and Made in Italy (MIMIT) for the "AEM Technology Next Generation" project for a total amount of EUR 1,255,373.17.
• The funds received are to be used for further research and development purposes and the further development of the product portfolio.
• AEM multicore technology is used, for example, in the AEM Nexus, a modular electrolyzer in the megawatt class.
• The funds now received will be used, among other things, for the further development of the corresponding stacks and the associated patented membrane technology.

• The ORC Modules business generated revenue of €4.4 million in 2023, an increase of 42%.
• Among other significant ORC contract wins, the execution of the Company’s first order in the maritime sector, with Chantiers de l’Atlantique, began in the fourth quarter of 2023.
• In addition, EBITDA for the second half of 2023 was at breakeven (positive €0.02 million), in line with the target announced in conjunction with the half-year results.
• Net debt was €2.6 million at the close of the year, putting gearing at 32.6% as of 31 December 2023.

• 21 March 2024 – The biggest investment programme in the history of EnviTec Biogas AG is currently underway, with a budget of EUR 100 million.
• Operation of the plants is 100% in-house by EnviTec itself or with partners from the agriculture sector.
• In other European countries we operate another seven plants with a nominal annual output of 180 GWh,” Fischer continues.
• With the completion of the new investments begun in 2023, annual biogas generation capacity will rise to around 1,800 GWh/year in 2025.