ReNu Energy (ASX:RNE) and Countrywide to launch green hydrogen production facility in Tasmania – The Market Herald
- ReNu Energy (RNE) and its wholly owned subsidiary Countrywide Renewable Hydrogen launch the design of a green hydrogen production facility in Tasmania
- The Tasmania Brighton project has a planned capacity of one to two megawatts per day and has the capacity to supply the Bridgewater town gate of the TasGas network
- It will be able to meet the growing demand for a carbon-free alternative to gas with the potential to supply the region with 100% clean hydrogen.
- Subject to necessary approvals and finalization of commercial agreements, the project is expected to be live by Q4 2023
- ReNu is up 38.5% in the market with shares trading at 3.6 cents at 3:33 p.m. AEST
ReNu Energy (RNE) and its wholly owned subsidiary Countrywide Renewable Hydrogen have begun designing a green hydrogen electrolysis production facility in Tasmania.
The Tasmania Brighton project is set to be developed by Countrywide 30 minutes north of Hobart in Brighton and will be funded by Re Nu.
The project has a planned capacity of between one and two megawatts (MW) per day and has the capacity to supply the Bridgewater town gate of the TasGas network for potential blending with natural gas.
ReNu believes that once operational, the project will be able to meet the growing demand for a carbon-free gas alternative with the potential to supply the region with 100% clean hydrogen.
Green, clean hydrogen will provide electric vehicle developers with the ability to establish vehicle capacity on key routes and offer gas carriers a decarbonization option.
“The Brighton Hydrogen Project could prove to be the first driver of commercial production of green hydrogen by electrolysis in Tasmania,” commented Countrywide managing director Geoffrey Drucker.
“The associated gas blending and road transport trials will help raise public awareness and acceptance of hydrogen, while proven production should attract other end-use applications to improve emission reduction priorities. in the state.”
In an attempt to minimize the cost of electricity, the company said it was possible to invest in a solar farm in the north.
Tasmanian engineering consultancy Entura has been contracted to carry out a pre-feasibility study of behind-the-meter power generation.
Subject to necessary approvals and finalization of commercial agreements, the project is expected to be live by the fourth quarter of 2023.
“With all the capabilities this project has to offer, companies can have access to a zero-emissions alternative for supply chain logistics,” said ReNu CEO Greg Watson.
“The project completes advanced discussions with potential buyers and partners to advance the planned 5-10 MW green hydrogen project in Tasmania located in the Bell Bay Advanced Manufacturing Area.”
ReNu rose 38.5% in the market with shares trading at 3.6 cents at 3:33 p.m. AEST.