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Shell funding to accelerate MGA Thermal’s new commercial manufacturing hub

Global energy provider Shell has backed up Newcastle start-up MGA Thermal’s plan to gather valuable data to provide the urgent need for longer-duration energy storage (LIDES) solutions with a new US$400K (AUD$560K) funding.
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.