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This announcement put a rocket under Sparc earlier this month. It is clearly good news for FMG as well.Good details on the value of this process in the announcement.ASX ANNOUNCEMENT7 January 2025Sparc, Fortescue and University of Adelaide Commit to Stage 2 Pilot PlantHIGHLIGHTS• Sparc Technologies, Fortescue and University of Adelaide formally commit to proceed to Stage 2 of the Sparc Hydrogen joint venture• Novel reactor technology employs a photocatalyst material and sunlight to produce green hydrogen directly from water without electrolysers• Stage 2 is focused on construction and testing a first-of-its-kind pilot plant supporting ongoing reactor development and scale-up• Front-end engineering and design (FEED) for the pilot plant is complete and construction is expected to commence early in 2025Sparc Technologies Limited (ASX: SPN) (Sparc, Sparc Technologies or the Company) is pleased to announce that Sparc Technologies, Fortescue Limited (ASX:FMG) (Fortescue) and the University of Adelaide (UoA) will proceed to Stage 2 of the Sparc Hydrogen joint venture. The decision to proceed to Stage 2 reflects several key milestones achieved over recent months and is a strong endorsement of the potential of Sparc Hydrogen’s novel technology to unlock low-cost green hydrogen via photocatalytic water splitting (PWS).Stage 2 activities are focused on pilot plant construction and reactor testing along with ongoing laboratory testing of PWS reactors under a range of conditions. Sparc Hydrogen believes that the pilot plant will represent a globally leading facility for R&D and commercialisation of PWS reinforcing Sparc Hydrogen’s first mover position in this emerging direct solar to hydrogen technology. [ATTACH=full]191381[/ATTACH] Sparc Hydrogen Proceeds to Stage 2 Pilot Plant (PDF 585.2 KB)
This announcement put a rocket under Sparc earlier this month. It is clearly good news for FMG as well.
Good details on the value of this process in the announcement.
ASX ANNOUNCEMENT
7 January 2025
Sparc, Fortescue and University of Adelaide Commit to Stage 2 Pilot Plant
HIGHLIGHTS
• Sparc Technologies, Fortescue and University of Adelaide formally commit to proceed to Stage 2 of the Sparc Hydrogen joint venture
• Novel reactor technology employs a photocatalyst material and sunlight to produce green hydrogen directly from water without electrolysers
• Stage 2 is focused on construction and testing a first-of-its-kind pilot plant supporting ongoing reactor development and scale-up
• Front-end engineering and design (FEED) for the pilot plant is complete and construction is expected to commence early in 2025
Sparc Technologies Limited (ASX: SPN) (Sparc, Sparc Technologies or the Company) is pleased to announce that Sparc Technologies, Fortescue Limited (ASX:FMG) (Fortescue) and the University of Adelaide (UoA) will proceed to Stage 2 of the Sparc Hydrogen joint venture. The decision to proceed to Stage 2 reflects several key milestones achieved over recent months and is a strong endorsement of the potential of Sparc Hydrogen’s novel technology to unlock low-cost green hydrogen via photocatalytic water splitting (PWS).
Stage 2 activities are focused on pilot plant construction and reactor testing along with ongoing laboratory testing of PWS reactors under a range of conditions. Sparc Hydrogen believes that the pilot plant will represent a globally leading facility for R&D and commercialisation of PWS reinforcing Sparc Hydrogen’s first mover position in this emerging direct solar to hydrogen technology.
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