The Australian Renewable Energy Agency has tripled its support for MGA Thermal to help the thermal energy storage company recommence delivery of its demonstration plant after overcoming unexpected challenges last year.
The firm originally received a $1.26 million grant from the ARENA to deliver the pilot plant by the end of April. However, during a testing phase last October, the device reached temperatures well above its expected operating level which caused small electrical fires.
With the additional $2.48 million, to be announced on Tuesday, and $5.7 million in capital raised last month, the firm says it is back on track and expects the plant will be fully online in September.
Want to know how this story ends?
Become a subscriber for complete access to all stories on InnovationAus.com and our daily newsletter.
Do you know more? Contact James Riley via Email.