Eco Energy World (EEW) is developing a green hydrogen and solar PV project located in Raglan near the Port of Gladstone, Queensland.
The total cost represents an estimated AUD$0.5 billion. The group plans to combine the PV plant with the project to produce renewable energy for green hydrogen production, developing a 200MW hydrogen plant with a further 100MW allocated to energy storage. The hydrogen plant will produce 33,000 tonnes of green hydrogen per year using electrolyser technology.
“This significant project marks a key milestone in our own corporate development as we work in parallel to seek a public listing for the group on an international stock exchange during the course of 2021. We believe that a listing will allow us to fully capitalize on other international opportunities and meet our ambitious growth objectives.”Svante Kumlin, chairman of EEW.
EEW has subsequently entered into a partnership with an internationally recognised hydrogen electrolyser manufacturer as a technology partner. Project construction will start as early as Q3 2022 and create up to 100 jobs. When operational, the facility will employ a significant number of full-time positions.
“We are pleased to announce the progression of our hydrogen business segment today. This new sector for the group will harness our considerable existing expertise in developing renewable energy projects and energy storage, in order to take advantage of what we anticipate could be one of the world’s key renewable energy markets, green hydrogen.”Reza Ghanei, development director for EEW.