Lion Energy Announces $10 Million Green Hydrogen Hub at Port of Brisbane
Key Ideas
- Lion Energy partners with Mitsubishi and Samsung to develop a green hydrogen generation and refuelling hub at the Port of Brisbane in a $10 million deal.
- The project includes two 1 MW alkaline electrolyser packages capable of producing 850 kg per day of green hydrogen, targeting heavy mobility fleets initially.
- Lion will own half of the project, with DGA Energy Solutions Australia and Samsung each owning a quarter. The hub is set to serve as a model for similar projects in eastern Australia.
- The facility at the Port of Brisbane is expected to lead the way in green hydrogen production, displacing grey hydrogen and targeting industrial clients, fuel cell gensets, and heavy mobility services.
Lion Energy, a Western Australia-based gas and oil developer, has teamed up with Mitsubishi subsidiary DGA Energy Solutions Australia and Samsung C&T Corporation to establish a green hydrogen generation and refuelling hub at the Port of Brisbane in Queensland. The $10 million joint development agreement aims to construct a renewables-based hydrogen production facility capable of delivering 850 kg per day of green hydrogen, with an annual capacity exceeding 300 tonnes. The project will cater to heavy mobility fleets, starting with public bus fleets, truck fleets, and fuel cell gensets in the construction and mining sectors. Lion Energy's Executive Chair, Tom Soulsby, expressed optimism about the project's potential and the confidence shown by the partners in Australia's green hydrogen market. The partners will initially invest $3.7 million for pre-construction costs, with Lion retaining 50% ownership while DGA Energy Solutions Australia and Samsung each hold 25%. The facility at the Port of Brisbane has secured government approvals and essential equipment agreements, positioning it as a model for future green hydrogen hubs in the region. The project is set to displace grey hydrogen and serve industrial clients, fuel cell gensets, and heavy mobility operators. Lion Energy plans to update the market on offtake agreements in Q3 2024, indicating a positive outlook for the venture's success.