Accelerating scoping activities on a pilot plant for its hydrogen process is Sparc Technologies’ joint venture (JV) with green energy producer Fortescue Future Industries (FFI) and the University of Adelaide.
After the JV, Sparc Hydrogen, finished a preliminary techno-economic analysis (TEA) on its photocatalytic water splitting technology, which confirmed the commercial potential for the technology potential to create energy efficiencies and a cost competitive advantage because of the low capital and operating expenditure required, in comparison to renewable energy and electrolysis, the decision was made.
FFI has praised the advancements made in the study and creation of new technologies that will support its current green hydrogen objectives and maybe lower the cost of green hydrogen production on a large scale.
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