At an industry networking event years ago, O2 Marine founder Chris Lane heard a competitor from a larger firm disparagingly refer to his start-up as an “angry poodle nipping at the heels of a great Dane”.
Looking ahead, he anticipates defence contracts will account for a big chunk of income. An Australian Defence Force white paper due next month is expected to unlock new investments in defence infrastructure, including port facilities upgrades and subsea technologies.O2 Marine has formed a new subsidiary focused on developing subsea technologies for military application in collaboration with the defence force and university researchers.
Lane set out to create a business model and ownership structure that allows team members to generate wealth and opportunity while doing something they love.His advice for aspiring entrepreneurs is to “back yourself and don’t be afraid to ask for help when things get tough”. At the same time, inflation is driving up the cost of materials and transportation. This has been offset by a huge increase in volume which has helped to preserve profit margins over the last 12 months.to electrify and decarbonise their operations to meet sustainability goals,” Wheeler says.
“Europe, China, the United States, their fuel emission standards ratchet up over time, increasing pressure on automakers to send EVs there. Australia is at the bottom of the list and risks falling even further behind without a fuel emissions standard.” EVSE is closely watching the emergence of “vehicle to grid” technology, which uses the car’s battery to power homes or feed back into the grid.
The global energy crisis, soaring domestic power prices, and generous government rebates have supercharged Solar Thermal’s sales. Included in the 2022 AFR Fast Starters list, itsBased on year-to-date orders, Taylor says the 2022-23 financial year will be even better, provided it can secure critical components and overcome supply chain issues that have resulted in ships bound for Australia being rerouted to Europe at the last minute.
Australia is also at risk of becoming a dumping ground for inferior heat pump products if governments don’t resist pushback from incumbent technology suppliers and impose energy efficiency ratings on hot water systems for residential and commercial use, he warns.“Most builders will look at the legislation and do the minimum to meet it as cheaply as possible,” Taylor says.
A former lecturer in organisational behaviour and leadership at the University of Western Australia, Taylor was engaged as a consultant five years ago to write the business case for Thermal Solar by his now Japanese supply partners. The net-zero consulting and engineering house started out three years ago working with clients such as the City of Melbourne to electrify their 40 largest gas consuming buildings in a feasible way from a capital and operational expenditure perspective.
The decarbonisation movement has seen Bridgeford Group’s revenue surge by 102 per cent, to $1.3 million, for the year to June 30, earning it a place in the 2022 AFR Fast Starters list. Its team has swollen from four to 12.
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