European Energy enters Australian 3.6 gigawatt hydrogen project
Post date: 16/12/2022 - 14:30
Danish renewable energy project developer European Energy A/S has taken a majority stake in Australia’s Austrom Hydrogen Pty Ltd, which in turn is behind the »Pacific Solar Hydrogen Project« in the state of Queensland. The cooperation was announced on December 15 at the office of the Trade Investment Queensland business agency.
»Pacific Solar Hydrogen« is one of the largest projects of its kind in the world. Austrom has secured 6,000 hectares of land near Gladstone for this purpose. Plans call for the construction of a solar and storage power plant with 3.6 gigawatts of capacity, which will be used to produce well over 100,000 tons of hydrogen per year, according to European Energy. The project could be operational by 2026, the company estimates.