Lion Energy inks MoU for hydrogen refuelling
Sydney-listed Lion Energy has signed a memorandum of understanding with China’s Censtar Group to explore opportunities in testing and operating Censtar equipment for hydrogen filling stations in Australia, it said on July 2.
Censtar specialises in providing equipment solutions and management systems to gas stations and has a strong presence in China. It is looking to expand its sale of dispensers, including hydrogen dispensers and ancillary hydrogen equipment in Australia, Lion said.
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Lion said that the signing of the MoU forms part of Stage 2 of its hydrogen strategy announced in May this year. The company would enter the green hydrogen space and run the business under the name Lion H2 Energy as part of the strategy. It believes Australia’s abundant renewable resources position the country for becoming one of the lowest cost green hydrogen producers, especially for the Asian market.
Last month, Lion and Australian property developer Wagner Corporation signed an MoU to explore opportunities in green hydrogen facilities and related infrastructure at the latter's Wellcamp Business Park and Pinkenba Wharf locations in Queensland.