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GEV and Pacific Hydro sign hydrogen export deal

GEV and Pacific Hydro sign hydrogen export deal

Global Energy Ventures (GEV) and Pacific Hydro Australia Developments (Pacific Hydrogen) will explore opportunities for the production, storage, loading, ground and marine transportation of green hydrogen produced at Pacific Hydro’s Ord Hydrogen Project.

The two companies yesterday (20th Jan) signed a Memorandum of Understanding (MoU) for the partnership which will see the development of an export market and associated marine transport solution for green hydrogen.

Under the agreement, GEV will utilise its new compressed hydrogen ship (C-H2 Ship) to transport the fuel which will be produced at Lake Argyle, Western Australia, through Pacific Hydro’s project which has capacity to supply 30MW of renewable power.

© Global Energy Ventures

Martin Carolan, Executive Director commented, “GEV is delighted to enter into this MOU with Pacific Hydro given its long-term success in operating a renewable energy business that is backed by a shareholder group with a global focus on renewable energy.”

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