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Line Hydrogen crowdsources cash for green hydrogen

Manufacturing News

Queensland-based Line Hydrogen has launched a crowd sourcing campaign via Birchal to allow the public to participate in backing its plans for green hydrogen production, including its first facility announced for Tasmania.

Following a successful expression of interest phase that saw more than 1,000 sign up, the clean energy startup is aiming to raise $2 million with individuals able to invest as little as $250.

The community support will add to the $5 million in funding that the new Labor government pledged to the project in the lead-up to the election.

In April Line Hydrogen announced their first commercial-scale green hydrogen plant in Tasmania set to begin construction by the middle of 2022, executing a terms sheet with Climate Capital to construct up to a 5MW ground-mounted solar farm in George Town, Tasmania.

Teamed with Line’s planned electrolyser, this could produce green hydrogen to fuel five hydrogen refuelling stations in Tasmania.

Chairman of Line Hydrogen Brendan James said: “The new government has made it clear that Australian hydrogen should be produced by Australian companies for all Australians, and now is the time for all Australians to have a say in our green future.”

Line Hydrogen plans to produce green hydrogen from early 2023.

“Our mission is to be Australia’s leading new energy producer, integrating both the production and end use market demand by delivering near-term commercial scale green Hydrogen.

“We aim to achieve this by providing cost competitive hydrogen supply, while facilitating and engineering end-use market demand,” said James.

Though the Queensland based company has received funding from cornerstone investors, their crowdfunding campaign will allow future-focused Australians to play a role in the green energy transition.

Line Hydrogen’s crowdfunding campaign on Birchal will be live this week.

Picture: Climate Capital’s Shane Bartel (left), and Line Hydrogen’s Brendan James

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