Leading Gosford business H Nu Pty Ltd has received $432,500 in funding from the NSW Government’s Clean Technology Innovation program.
The grant focuses on developing and implementing technologies that don’t currently exist in the marketplace but have the capability to reduce emissions and assist with the state’s net zero targets.
Each project receiving funding will progress through stages including design, prototyping, construction, testing and real-world scenarios to ensure commercial viability.
H Nu Pty Ltd will use the money to build a production line for a novel fibre-optic based, lightweight, highly accurate current and voltage measuring system for high-voltage grids, as well as extending the software interface.
Member for Gosford Liesl Tesch said it was fantastic to see Gosford at the forefront of bold clean technologies that would help cut emissions and drive the state towards achieving net zero.
“I’m excited to see this project take shape, unlocking new opportunities for local businesses and strengthening the future of our community,” she said.
In total, $26.2M has been awarded to 13 projects across NSW.
The Clean Technology Innovation Commercial Readiness grant is delivered as part of the $275M Net Zero Manufacturing Initiative.
The successful projects must be completed by 2028, delivering tangible outcomes in the state’s transition to a low-carbon economy.
Minister for Climate Change and Energy Penny Sharpe said the government was investing in the new technologies, jobs and industries that would drive the state’s transition to a low-carbon economy and create new jobs.
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