As we close out 2021, we are excited to have seen the progress green hydrogen has made globally as a clean alternative energy source. We look forward to continuing to work with our partners throughout 2022 to provide Australians and the world with cutting-edge renewable solutions.
As net-zero by 2050 becomes the universal standard, we believe it is critical to support technological innovation and foster cross-industry collaboration. In the coming years, this approach will play an important role in decarbonising the global economy.
We are passionate about helping businesses realise their full potential and connecting key players to drive impact at scale, so reach out if you have an idea or want to join us in the green energy revolution.
See below our wrap up of 2021 and what to look out for in the new year. With unparalleled investment from both private and government organisations, we expect the Australian green hydrogen industry to thrive in 2022.
Our partners went from strength to strength in 2021
The company also signed an MOU with the Sarawak State Government in Malaysia to help transform the region into a major hydrogen hub through the production and delivery of hydrogen fuel cell vehicles.
In a year of deals, the company announced an agreement with the Gippsland Circular Economy Precinct to manufacturer its hydrogen fuel cell vehicles and a range of hydrogen power units, including generators and emergency power supplies in the region.
Validating the company’s position as a global leader in technological advancements that are tackling climate change, they were invited to present their fuel cell breakthroughs to world leaders at the COP26.
Finally, in conjunction with Pure Hydrogen (ASX: PH2), H2X launched a range of hydrogen fuel cell power generation units — named Power H2 — that can supply electricity without any emissions using hydrogen fuel.
In 2022, the company will continue to work towards a planned ASX listing. Experts around Australia have gravitated towards Titan Hydrogen’s science first approach, which is supported by their partnership with the Queensland University of Technology (QUT).
Late in the year, testing by the QUT proved that Titan Hydrogen’s fuel cell enhancement technology delivers significantly higher voltages compared with regular fuel cells. This marked a significant step towards the company building technology that can increase the capacity of fuel cells by up to 60%.
Success will see the quick uptake of hydrogen fuel cells across the world.
Port Anthony Renewables
Port Anthony Renewables (PAR) will continue its journey to building the largest green hydrogen hub in South Eastern Australia while also seeking a listing on the ASX.
Throughout the year, the company signed deals with Singapore’s global gasification technology integrator, CAC-H2, Infinite Blue Energy, Pure Hydrogen, GrapheneX and Patriot Hydrogen.
Investor confidence in PAR’s activity was reflected in late 2021 when the company completed a heavily oversubscribed pre-IPO capital raise, which generated $3 million in funds for the company.
In November, Patriot Hydrogen signed a joint venture with Singaporean renewable fuel technology company CAC-H₂, which will prove critical to its success in the new year.
Under the deal, CAC-H₂ became the lead technology provider, supporting Patriot Hydrogen’s projects to develop, build and commission Waste to Energy Plants – Patriot to Hydrogen (P2H) units.
Western Australia’s Kimberley Clean Energy (KCE) took notice of this and signed an MOU for Patriot to build 75 P2H units. The agreement will underpin KCE’s strategy to decarbonise their entire value chain of operation and develop baseload renewable energy, green hydrogen, and fertiliser to support a cleaner future for the Kimberley region.
The first units will be delivered to the Kilto Station near Broome in early 2022.
The engineering team is currently comparing design approaches. In March 2022, they will present their recommendation on the most commercially viable option based on reliability, environmental impact, efficiency, and weight, then commence constructing a prototype.
Aviation H2 will be opening for investments via VCEX. Stay tuned for more details on this rare opportunity to get access to an Australian-first technology.
Poseidon Marine H2
As efforts to decarbonise accelerate across the globe, Poseidon H2 launched with the goal of becoming a big player in Australia’s hydrogen-fuelled maritime industry.
Poseidon H2 will use cutting-edge green hydrogen technology in a range of maritime applications and set the industry on a route towards zero carbon emissions.
The company’s mission is to facilitate the use of renewable hydrogen energy in the shipping sector across Australia and the world. As it stands, Poseidon H2 is searching for a chief executive officer and filling several executive positions.
Unprecedented government investment
Currently, the New South Wales State (NSW) Government is developing a hydrogen industry, which is projected to attract over $80 billion in private investment, support 10,000 jobs and open up new export markets.
The NSW Hydrogen Strategy is expected to increase the size of the state economy by more than $600 million each year while helping them halve emissions by 2030.
- $70 million to develop hydrogen hubs in the Illawarra and Hunter regions.
- Exemptions for green hydrogen production from government charges.
- Providing up to $3 billion of incentives to support industry development.
- Delivery on 2030 stretch target of 110,000 tonnes of annual green hydrogen production.
- 90% exemption from electricity network charges for green hydrogen producers, who connect to parts of the network with spare capacity.
- Funding for infrastructure assessments for large-scale production.
- A hydrogen refuelling station network roll out across the state.
On a federal level, the Commonwealth Government is investing $1.2 billion in building a hydrogen industry. To support this, the Commonwealth released a National Hydrogen Strategy outlining a road for growth in both domestic and international exports.