GEV secures WA renewable hydrogen grant
Sydney-listed Global Energy Ventures (GEV) has secured a A$300,000 ($221,205) grant from the Western Australian (WA) government and the WA Renewable Hydrogen Fund to study the feasibility of green hydrogen projects, it said on September 8.
GEV plans to evaluate the technical and commercial feasibility of exporting green hydrogen from the Gascoyne in WA to Asia-Pacific utilising its compressed hydrogen shipping solution. The company is undertaking a feasibility study on the export of green hydrogen from the HyEnergy project, located in the Gascoyne, as part of a memorandum of understanding announced with the HyEnergy project partners in August.
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GEV said it has now completed early preparation work and a site assessment that will lead to the appointment of key technical and environmental advisors. The scope includes the transport of hydrogen from the onshore compression facilities to an offshore ship loading buoy and then on to nominated Asia-Pacific markets utilising GEV’s compressed hydrogen ships.
“The company will be making further progress updates to shareholders through the next two quarters, with a target for completion in the first half of 2022,” it said.
The WA government on September 7 said it will invest an additional A$61.5mn ($45.8mn) in the state’s renewable hydrogen industry. The grant to GVE is part of that plan.