{"id":60960,"date":"2023-03-03T09:38:08","date_gmt":"2023-03-02T23:08:08","guid":{"rendered":"https:\/\/www.aumanufacturing.com.au\/?p=60960"},"modified":"2023-03-03T09:38:08","modified_gmt":"2023-03-02T23:08:08","slug":"sparc-accelerates-photocatalytic-hydrogen-venture","status":"publish","type":"post","link":"https:\/\/www.aumanufacturing.com.au\/sparc-accelerates-photocatalytic-hydrogen-venture","title":{"rendered":"Sparc accelerates photocatalytic hydrogen venture"},"content":{"rendered":"

Technology developer Sparc Technologies has increased its funding commitment to its Sparc Hydrogen green hydrogen development joint venture with the University of Adelaide and Fortescue Future Industries.<\/p>\n

The company has committed an additional $1.1 million in funding for Stage 1 of the project aimed at producing low-cost green hydrogen on a commercial scale, representing a 50 percent increase in spending.<\/p>\n

Sparc Hydrogen is commercialising its patent-pending photocatalytic water splitting technology<\/a> developed by the Flinders and Adelaide universities.<\/p>

\"\"<\/a><\/div><\/div>\n

The technology has the potential to create significant energy efficiencies and a cost advantage with low capital and operating expenditure required compared to renewable energy powered electrolysis.<\/p>\n

The additional funds will be used to advance research and development activities and to accelerate demonstration of the technology.<\/p>\n

This includes approval for the appointment of an experienced Project Manager, Vinodhan (Vinod) Gopalan, an increase in resources at the University of Adelaide, design and construction of an ‘on-sun prototype reactor’ as a precursor to pilot scale design, and for additional working capital.<\/p>

\"\"<\/a><\/div><\/div>\n

Vinod has over 20 years\u2019 experience in the energy and power sector in engineering roles, most recently with Re.Group where
\nhe was primarily developing a waste-to-energy plant in NSW. <\/p>\n

The increase in funding is budgeted to be fully funded by R&D tax rebates, hence no increase in investment is required from the JV partners.<\/p>\n

Sparc Technologies Executive Chairman Stephen Hunt said the extra funding was a strong endorsement of Sparc Hydrogen\u2019s green production process and demonstrates the increasing maturity of the technology.<\/p>\n

Hunt said: “We are excited about the acceleration of on-sun testing and with the appointment of an experienced project manager to lead development of this work as we move towards piloting.<\/p>\n

“We continue to be very encouraged by the potential of this next generation green hydrogen technology.\u201d<\/p>\n

According to the company the increase in commitment to the project is the culmination of progress over the past six months including:<\/p>\n