Business
Equipment Sale to BOC Project in Australia
Equipment Sale to BOC Project in Australia.
About this update from Itm Power Plc
[{"type":"text","content":"\n \nRNS Number : 1066K ITM Power PLC 23 August 2019 \n\n23 August 2019\n \nITM Power plc\n(\"ITM Power\" or the \"Company\")\n \nITM POWER SECURES EQUIPMENT SALE TO BOC PROJECT IN AUSTRALIA\n \nITM Power (AIM: ITM), the energy storage and clean fuel company, is pleased to note the announcements today by BOC and the Australian Government via the Australian Renewable Energy Agency (\"ARENA\") of its support for a project for BOC to produce hydrogen from renewable energy at its Bulwer Island gas facility in Brisbane. ITM Power is supplying the 220kW electrolyser. The full text of today's announcement by ARENA is set out below.\n \nSupport for renewable hydrogen production in Brisbane\n \nThe future of hydrogen as an alternate energy source continues to develop under the Liberal National Government. \n \nThe Liberal National Government, with the Australian Renewable Energy Agency (ARENA), is supporting gas company BOC to produce hydrogen from renewable energy at its Bulwer Island gas facility in Brisbane. \n \nThe pilot project will involve the installation of a 220 kW electrolyser and a 100 kW solar array to produce up to 2400 kilograms of renewable hydrogen via electrolysis per month. The project will utilise the existing industrial gas equipment and infrastructure onsite. \n \nThe project also includes a vehicle refuelling station in Brisbane. In addition to supplying BOC's existing industrial customers, 50kg per day of renewable hydrogen will be produced by BOC for the refuelling station. \n \nThe Government through ARENA has provided $950,000 in grant funding towards the $3.1 million project. \n \nBy some estimates, global annual demand for hydrogen as an energy source is expected to grow from around 1 million tonnes at the present day, to around 35 million tonnes by 2040. \n \nThe development of large-scale hydrogen production, storage and export facilities could deliver economic benefits to Australian businesses and communities and provide reliable, affordable and low emissions energy to overseas trading partners. \n \nIn December 2018, the COAG Energy Council, led by the Australian Government, commissioned officials and the Chief Scientist to develop a comprehensive and ambitious national strategy for the development ...