What is HB11 Energy awarded $20 million for?

HB11 Energy, Australia's first laser fusion energy company, was awarded a $20 million project to manufacture hydrogen-boron fusion fuels in partnership with Deakin University's Recycling and Renewable Energy Commercialisation Hub (REACH). The project is part of building the largest recycling and clean energy advanced manufacturing ecosystem in Australia.

Where does the $20 million funding come from for HB11 Energy?

The $20 million project comprises approximately $6 million from the Federal Government's Trailblazer Universities Program granted to Deakin University, plus $14 million in contributions from industry partners. This funding supports the development of clean energy advanced manufacturing capabilities.

What is REACH Deakin University?

REACH is Deakin University's Recycling and Renewable Energy Commercialisation Hub, which collaborates with companies like HB11 Energy to develop hydrogen-boron fusion fuels and build advanced manufacturing capabilities in the clean energy and recycling sectors.

HB11 Energy awarded $20M project