Providence will offload power from its hydrogen storage to Smartest Energy Australia in new deal

Providence Asset Group (PAG) has revealed today (July 6) a new power purchase agreement (PPA) with SmartestEnergy Australia for the output of over 30 solar farms that utilise innovative green hydrogen energy storage.

PAG will deploy cutting edge LAVO | HEOS green hydrogen energy storage and production units at each solar farm in addition to Li-ion batteries.

Providence is a leading investor in the area of hydrogen storage innovation, working with the University of NSW to develop the technology, which enables the storage of surplus electricity more cost-effectively than the lithium batteries currently in use.

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