The first two deals facilitated through WA Investments have secured over $5 million in funding for two Western Australian businesses in the clean energy industry.
Vytas Managing Director David Cornell.
Chamber of Commerce and Industry WA (CCIWA) CEO Chris Rodwell says this is a milestone for WA’s innovative and rapidly growing clean energy sector.
“These are the first of many significant deals we expect to be inked through the WA Investments platform in areas like critical minerals, hydrogen, advanced manufacturing and other key sectors,” he says.
Vytas received $5m to further its pioneering work in green hydrogen on demand production, premium quartz extraction, and carbon-free silicon development.
International Graphite also secured funding to develop new sources of battery anode graphite in WA.
“The WA platform was very very helpful for Vytas to be able to put itself out there, into the public forum and just bring awareness of the achievements that Vytas was delivering,” says Vytas Managing Director David Cornell.
Western Australia primed for international investment
WA Premier Roger Cook said he was proud that the platform highlighted WA’s strengths as an investment destination.
“We know how important international investment is to WA’s ongoing prosperity so it’s good to see the dealbook concept in action,” he said at CCIWA’s Business Breakfast on September 5.
Rodwell says WA Investments plays a crucial role in elevating WA’s profile on the global investment stage.
“Both of these projects show there’s great appetite for the innovative and exciting opportunities our State has to offer,” he says.
“WA’s reputation as a good place to invest, coupled with our natural advantages and skilled and innovative workforce, puts this State in the box seat to draw in capital from all over the world.”
Currently, WA Investments features over $6.5 billion in project investment opportunities across a variety of industries, underlining the vast potential for growth and innovation within the region.