“If we look at the opportunity in Australia, we have one of the highest propensity for solar in the world. This system will work 100 per cent using solar. Australia also has one of the largest deposits of natural gas in the world.
That’s not to say that Australia is not trying, Mr Marks said, pointing out work by the CSIRO and the introduction of the initiatives, such as the Australian Renewable Energy Agency (ARENA) and Clean Energy Finance Corp (CEFC), as examples where policy divisions have led to good outcomes.
“I the Australian government is trying. It’s not the lack of good intent, but the Israeli government has been very supportive, as this technology is being built and commercialised in Israel.
“I think if we had a project running in Australia, AREA and CEFC, and we met their criteria, they would be very supportive of what we do,” Mr Marks said.
In addition to China, Mr Marks said the company is also looking to commercialise in South East Asia, North America and Europe.
Meanwhile, R&D will remain in Israel, even though Mr Marks is confident that “a lot of pieces around the next steps of commercialisation can be done as easily in Australia as they are in China.”
VIV Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
