FFI hydrogen JV accelerates work
PERTH (miningweekly.com) – ASX-listed Sparc Technologies on Wednesday announced that its joint venture (JV) with green energy developer Fortescue Future Industries (FFI) and the University of Adelaide, will accelerate scoping activities on a pilot plant on its hydrogen process.
The decision comes after the JV, Sparc Hydrogen, completed a preliminary techno-economic analysis (TEA) on its photocatalytic water splitting technology, which confirmed the commercial potential for the technology potential to create energy efficiencies and a cost competitive advantage, because of the low capital and operating expenditure required, compared to renewable energy and electrolysis.
“Today marks a significant milestone for Sparc Technologies and the Sparc Hydrogen JV, with the preliminary TEA confirming the low-cost potential of this green hydrogen technology. The decision to accelerate a pilot plant is evidence of the JV partner’s enthusiasm and is an important step on the path to commercialisation,” said Sparc Technologies executive chairperson Stephen Hunt.
FFI has welcomed the progress made on the research and development of future technologies to complement its existing green hydrogen plans and potentially make green hydrogen production cheaper at scale.
“Fortescue is building a world-wide tech network to encourage scientists and engineers from across the globe to advance research and development in technologies that can help reduce carbon emissions,” FFI CEO Mark Hutchinson said.
“Our goal is to develop green hydrogen and renewable energy innovations and technology, with a specific focus on decarbonising hard-to-abate industries that can be commercialised fast.
“If this Sparc Hydrogen technology is successful, it could ultimately be used to help produce green hydrogen at a larger and much more affordable scale,” said Hutchinson.
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