Jan 12, 2021

Qld hydrogen proponent in refuelling network deal

Qld hydrogen proponent in refuelling network deal

Pure Hydrogen Corporation and HYZON Motors have agreed to collaborate on the development of a network of hydrogen refuelling points in Australia.

Pure Hydrogen Corporation, a Real Energy subsidiary, was established in 2020 to undertake a detailed scoping study to assess the commercial viability of building, owning and operating a hydrogen fuel plant in Queensland.

It has earmarked sites near Miles in the Surat Basin and near Gladstone for a potential large-scale hydrogen fuel plant.

The Memorandum of Understanding announced today is described as a framework for how the HYZON and Pure Hydrogen businesses can provide hydrogen solutions to end users, which will likely be fleet customers.

This may include referring potential customers and collaboratively working to develop a network of hydrogen refuelling points.

Pure Hydrogen and HYZON have also agreed under the MoU to work on a ‘wet hire’ option where potential customers will secure HYZON’s vehicles as part of a package that includes the vehicle’s cost, scheduled services and hydrogen fuel as part of one monthly payment.

“This MoU with such an established and respected hydrogen fuel cell vehicle company like HYZON is an outstanding development and excellent validation of our plans to develop a hydrogen-focused energy business in Australia,” Real Energy chief executive officer Scott Brown said.

“We look forward to providing regular updates as the MoU progresses. As well, we have a number of other initiatives underway which will clearly reflect the value we are building in the Pure Hydrogen business.

“We believe we can build significant value in our Pure Hydrogen business for our shareholders and look forward to working with HYZON.”