See below for an update on all the exciting moves our partners are making in the renewable energy space. We are passionate about helping businesses realize their full potential, so reach out to us if you have an idea or want to join us in the green energy revolution.
In the coming days, Aviation H2 will be opening for investments via VCEX. The company is seeking to raise capital to fund its ambitions to build Australia’s first hydrogen-powered airplane.
The engineering team is currently comparing design approaches. In March 2022, the team will present their recommendation on the most commercially viable option based on reliability, environmental impact, efficiency, and weight, then commence constructing a prototype.
The company expects to have the first plane in the sky in the next 18 months. Stay tuned for more details on this rare opportunity.
Port Anthony Renewables
Green energy company Port Anthony Renewables (PAR) has completed a heavily oversubscribed capital raising as it positions itself to develop the largest hydrogen hub in south-eastern Australia. Its focus is green hydrogen production and export.
The pre-IPO raising demonstrates investor confidence in PAR’s strategy while solidifying the company’s balance sheet ahead of its planned ASX-listing next year.
PAR launched the raise last Tuesday (7 December), targeting $2.5 million but was oversubscribed by $2 million that afternoon and $3.5 million by Thursday (9 December).
PAR will use $3 million of that as it moves towards its IPO while progressing its hydrogen production and export plans, as well as attracting industry-leading participants, including Peter Coleman-chaired Infinite Blue Energy.
Patriot Hydrogen and Western Australia’s Kimberley Clean Energy (KCE) has decided the first Patriot to Hydrogen (P2H) units will be delivered to Kilto Station near Broome. This forms part of a signed memorandum of understanding for Patriot to build 75 P2H units for KCE as they seek to transition from their aging diesel generators.
The agreement will underpin KCE’s strategy to decarbonize their entire value chain of operation and develop baseload renewable energy, green hydrogen, and fertilizer to support a cleaner future for the Kimberley region.
H2X & Pure Hydrogen
In conjunction with H2X Global, Pure Hydrogen (ASX: PH2) has launched a range of hydrogen fuel cell power generation units — named Power H2 — that can supply electricity without any emissions using hydrogen fuel.
The Power H2 units have four standard sizes being 5kw, 20kw, 50kw, and 100kw capacity, which will be available for sale in Q1 2022, or in less than four weeks.
The units can be used for a variety of purposes such as backup power and/or supplying power to mobile communication towers, businesses, hospitals, households, farms, and mining sites.
The state-of-the-art generators are powered by a hydrogen fuel cell and a small hydrogen storage tank.
Titan Hydrogen continues to work towards a planned listing in the second quarter of 2022. This follows the announcement that early test results on their ground-breaking hydrogen fuel cell technology have been a runaway success, delivering significantly higher voltages than initially expected.
Titan is currently collaborating with the Queensland University of Technology (QUT) to assess whether its patent-pending technology can increase the capacity of fuel cells by up to 60 percent. This breakthrough will enable hydrogen fuel cells to utilize less hydrogen and produce significantly more energy.
Researchers at QUT found the high-performance, low-temperature hydrogen fuel cell has a substantially higher voltage than a standard PEM fuel cell operating at the same current density.