Global Energy Ventures Ltd (ASX: GEV, the Company), is pleased to provide an update on the development of a new compressed hydrogen ship (C-H2 Ship) and supply chain to transport the zero-carbon fuel of the future.  

HIGHLIGHTS:

• GEV and Pacific Hydro Australia Developments Pty Ltd (Pacific Hydro) have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground and marine transportation of green hydrogen produced by Pacific Hydro’s Ord Hydrogen Project.
• Both parties will work collaboratively on developing an export market and associated marine transport solution for green hydrogen utilising GEV’s proprietary C-H2 ship and supply chain.
• Pacific Hydro operate the Ord Hydro Plant, located at Lake Argyle, Western Australia, which has the capacity to supply 30MW of renewable power to the local market.
• Pacific Hydro has completed a feasibility study utilising electricity generated by the Ord Hydro Plant to produce green hydrogen via the process of electrolysis, and market offtake to domestic and future export markets.
• The location provides a unique opportunity for hydrogen production, utilising low cost, high availability, dispatchable renewable generation and abundant access to water.
• The Ord Hydrogen Project has received funding support from the Western Australia Renewable Hydrogen Fund.
• The Ord Hydrogen Project is located near two ports in northern Australia with export potential for green hydrogen to Asian markets .