NERA (National Energy Resources Australia) has approved more than $1.8 million in new project funding that will lead industry collaboration and drive innovation across Australia’s energy resources sector.
Through the industry-led growth centre NERA, the Federal Government will provide the funding to support seven new projects that are backed by oil and gas, coal and uranium sector operators through industry-matched funding.
This latest announcement brings the number of projects NERA is delivering across Australia to 32 and the number of project partners directly involved to more than 80 – a sign of NERA’s ability to foster industry-wide collaboration.
The projects include a revolutionary metal 3D printing technology that will be adapted for remote oil and gas operating environments. The new technique can operate around 1000 times the speed of conventional 3D printing at a fraction of the cost and is an example of directly integrating new technology into the energy resources sector – a key priority area outlined in NERA’s Sector Competitiveness Plan, a 10-year strategic roadmap for Australia’s energy resources industries.
Other projects to receive funding were selected to deepen understanding of regions including the Great Artesian Basin – one of the world’s largest groundwater resources which stretches across more than 20 per cent of Australia. This – and an additional project centring around the northern Perth Basin – will better inform future resources activities and unlock new pathways to exploration and extraction.
NERA chief executive Miranda Taylor said the new projects support NERA’s goal to lead sector-wide transformational change across Australia’s energy resources sector by developing a smart, high-value, digital and export-focused supply chain.
“Projects that receive NERA funding are selected to deliver results on a national scale and have sector-wide impact, assisting the energy resources sector unlock a potential $10 billion in value that NERA has identified,” Ms Taylor said.
“These projects demonstrate NERA’s role to assist Australia’s energy resources sector maintain its global competitiveness by adapting to the changing global and domestic energy market and accelerating technological change by creating vital opportunities for collaboration and innovation and the improved transfer of knowledge and technology.
“By assisting new resource opportunities come online, these significant initiatives will be critical to maintaining industry productivity and meeting Australia’s future energy needs.
“We are very pleased to see the successful commercialisation of world-class research from Australian universities that is, with the combined support of industry and government, delivering real solutions to the challenges our industry operators are facing today and those they will encounter tomorrow.”
The successful projects will receive co-funding from NERA’s $15.6 million Project Fund, upon the formalising of contracts.
For details of recipients’ click here.