By: Peter Trousdale On: November 09, 2022 In: Comments: 0

The CEFC has committed up to $21 million to unlock and commercialize innovative technology solutions that will help mining operations decarbonize and reposition the sector to capture the benefits of the future low emissions economy. The CEFC investment into the private equity fund RCF Jolimont Mining Innovation Fund II (“the Fund”), will back Australian companies working to develop the innovative solutions needed to reduce emissions in the hard to abate mining sector.

The Fund targets early to late-stage private mining equipment, technology, and services (METS) companies in Australia and internationally with strong growth potential. The CEFC commitment will be directed towards clean energy businesses developing industry specific software and technology developments to improve energy efficiency, develop mine-specific renewable energy storage solutions and increase electrification of mine site vehicles.

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