Australian Company Receives $4.5m Investment For Hydrogen

Queensland-based hydrogen energy storage company Hydrexia received $4.5 million from Southern Cross Renewable Fund, which was matched dollar-for-dollar by Softbank China Venture Capital (SBCVC) in a total investment of $9.25 million.

Hydrexia’s new hydrogen storage technology, based on a hydride of a magnesium alloy, is said to have a higher energy storage density, that is, storing more hydrogen in less space. It also stores it at a lower pressure, thus reducing costs.

French company Air Liquide also made investments in Hydrexia, a move that its Vice-President Francois Darchis says will offer its industrial customers a “particularly innovative solution.”

Source and Read More 

If you want to know more about this and other topics directly from end users of energy storage technologies join us at one of these annual events: The Energy Storage World Forum (Grid Scale Applications), or The Residential Energy Storage Forum, or one of our Training Courses.

LATEST ARTICLES

Future energy predictions: Growth of flexibility and grid forming

  It is well known that COVID-19 has caused low energy demand and the growth of renewable energy across Europe. Now, Andrew Tang, Vice President for Energy Storage at Wärtsilä, predicts this will result in swift action to build better grid resiliency. The share of renewable power across Europe has skyrocketed over the last six…

Read More

Battery Storage for Commercial & Industry

Powerful battery storage offers many advantages in terms of saving electricity costs and a reliable power supply. With this technology, companies retain control of their energy supply and costs. The battery storage system is charged when energy is cheaply available and it supplies the stored electricity when prices are at their highest. With applications such…

Read More

★REVIEWS

“Probably the most interactive and well organized storage event on the calendar.”

★★★★★

Sales Director, S&C

“Great topics, competent speakers, good networking: keep it like that.”

★★★★★

TLC & SCADA Manager, FRI-EL

“High scientific content, well targeted, perfect organization.”

★★★★★

Expert Technical & Governance, Elia

Excellent networking event. The sponsorship was well worth it.”

★★★★★

Manager, ATL

View More

x