Planet Ark Power is a recipient of the federal government’s Manufacturing Modernisation Fund (MMF). The funding of $100,000 will enable Planet Ark Power to invest in capital equipment to expand production and assembly capabilities at their Queensland manufacturing hub, where the award-winning technology platform eleXsys® is being assembled.
The grant will also enable the renewable energy company to add employees to its 50-strong workforce and boost skills.
The $50 million Manufacturing Modernisation Fund supports transformation in small and medium manufacturing businesses, assisting them to upgrade their manufacturing processes and grow highly skilled workforces.
With eleXsys®, Australia can unlock the full potential of its electricity networks to integrate multiple times more solar energy across commercial rooftops and transition to a clean energy future.