18 May, 2022
We are very excited to share that we have been awarded $8.7 million in funding to expand the capability, capacity and efficiency of our Wodonga facilities in regional Victoria into a larger state-of-the-art distribution transformer manufacturing operation that supports critical energy infrastructure projects.
The grant is part of the Modern Manufacturing Initiative (MMI) led by the Australian Government’s Department of Industry, Science, Energy and Resources. The MMI is a pivotal element of the Modern Manufacturing Strategy that aims to help local manufacturers to scale up, compete on an international level and create jobs.
WTC has been supplying conventional transformer solutions to the networks since 1933. The recent transition towards a clean energy future provides new market opportunities for Australian manufacturers to increase their existing manufacturing capacity and adapt their products and solutions to the new market requirements.
The funding will enable us to invest in the latest transformer technology equipment to generate significant additional manufacturing capability and capacity that will help support the evolving wind, solar, battery and hydrogen markets in Australia. The investment will also sustainably increase regional employment and strengthen the local supply chain, particularly in regional Victoria and NSW.
“Increased local volumes leverage economies of scale for mid-size businesses and make them more competitive and resilient. The capacity improvements generated by the funding will be instrumental to our ability to respond to the growing demand in the renewable energy industry and support other national critical energy infrastructure projects,” said Ed Wilson, WTC Managing Director.
We are very pleased to have received the funding and will commence the works in the coming months.