Sparc Hydrogen has successfully completed a preliminary Techno-Economic Analysis (TEA), which has confirmed the commercial potential for the Sparc Green Hydrogen process.
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Sparc Hydrogen—a joint venture between Sparc Technologies, Fortescue Future Industries (FFI) and the University of Adelaide—is seeking to commercialise patent-pending photocatalytic water splitting technology with the aim of producing low-cost green hydrogen on a commercial scale (the Sparc Green Hydrogen process).
The preliminary TEA has been delivered through a collaborative effort from the joint venture partners, led by the University of Adelaide, and supported by independent engineering consultant, ITP Thermal (ITP). The completion of this collaborative effort is a significant milestone for Sparc Hydrogen and on the back of the positive outcomes, the joint venture partners have agreed to accelerate scoping activities for a pilot plant ahead of the original project schedule.
Sparc Technologies executive chairman Stephen Hunt said, “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.”
Fortescue Future Industries CEO Mark Hutchinson added, “Fortescue is building a world-wide tech network to encourage scientists and engineers from across the globe to advance research and development in technologies. 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. The result of the preliminary TEA is welcome news.”
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Sparc Hydrogen will continue to update and refine the preliminary TEA over the course of the next 12 months and the company will update the market in line with its continuous disclosure obligations.
