Osaka Gas joins Aqua Aerem's 10-GW green hydrogen project
Hydrogen tanks. Source: US Office of Energy Efficiency & Renewable Energy
April 13 (Renewables Now) - Japan’s Osaka Gas Co Ltd (TYO:9532) has signed a joint development agreement with Aqua Aerem regarding the technology group’s 10-GW project to produce cheap green hydrogen in Australia’s Northern Territory for domestic consumption and export.
The pact will see the two companies collaborate in the USD-10.75-billion (EUR 9.86bn) project, they announced on Tuesday. Osaka Gas will be providing project management, engineering and technical support. It, in conjunction with Aqua Aerem, will also manage hydrogen sales and negotiate with equipment manufacturers.
Work on the massive Desert Bloom Hydrogen facility will begin in 2022, with the complex set to produce commercial quantities of green hydrogen from 2023. When full capacity is reached, the plant will be producing 410,000 tonnes of green hydrogen annually.
“[..] Desert Bloom will be on track to produce green hydrogen at an export price international customers want to pay – less than USD 2/kg within five years,” said David Green, chairman and Aqua Aerem.
The project envisages the installation of modular and portable 2-MW hydrogen production units (HPUs), each generating water, heat, electricity and hydrogen. At its peak, Desert Bloom Hydrogen will comprise about 4,000 HPUs.
The project will deploy Aqua Aerem's proprietary technology that captures water from the air and uses off-grid solar power.
According to the statement, Aqua Aerem's majority owner Sanguine Impact Investment is in the process of increasing the scale of the project to 20 GW so as to meet high demand.
Currently, Aqua Aerem is finalising a contract with Territory Generation for the Australian state’s power utility to off-take hydrogen from the project's initial stages. The company is also holding talks with other potential customers and is seeking joint venture opportunities across the energy, chemical, mining, transport, and aviation industries.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.