SPN – Sparc Technologies | Aussie Stock Forums

Worth updating this thread.

The technology that was developed by tehe University of Adelaide to split hydrogen just using a photocatalyst and solar radiation attracted the attention of FMG. In Feburay 2022 FFI and Sparc announced a joint development program to fast track the resewarch and potential commercial production of this radical approach o hydrogen generation.

It seems the initial research has been very promising and they are now fast tracking development of a pilot plant to test and improve the various elements of the process. With Twiggy cracking the whip this project will not die wondering.

Sparc Hydrogen Completes Preliminary Techno-Economic Analysis and Accelerates Pilot Plant

HIGHLIGHTS
• Preliminary Techno-Economic Analysis completed for Sparc Hydrogen’s photocatalytic water splitting technology

• Study confirms the commercial potential for the Sparc Green Hydrogen process

• Based on the positive outcomes of the study, the Sparc Hydrogen joint venture partners have agreed to accelerate the project schedule and immediately commence scoping work on a pilot plant

Sparc Technologies Limited (ASX: SPN) (Sparc, Sparc Technologies or the Company) is pleased to report on the completion of a preliminary Techno-Economic Analysis (TEA) by Sparc Hydrogen Pty Ltd (Sparc Hydrogen).

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.

Commenting on the milestone, 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.”

Be the first to comment

Leave a Reply

Your email address will not be published.


*