Join our daily newsletter At The Bell to receive exclusive market insights
- Global Energy Ventures (GEV) commences its hydrogen export study on Province Resources’ (PRL) HyEnergy Project in Western Australia
- This year GEV agreed to undertake a feasibility study at HyEnergy to evaluate the technical and commercial feasibility of exporting green hydrogen
- The company has now commenced this export study with key consultants appointed
- The study is expected to be completed in the June quarter of 2022
- On the market, GEV is up 9.88 per cent and trading at 8.9 cents per share, while Province is up 6.90 per cent, trading at 15.5 cents per share
Global Energy Ventures (GEV) has commenced its HyEnergy Hydrogen export study on Province Resources’ (PRL) HyEnergy Project in Western Australia.
The HyEnergy green hydrogren project is in the Shire of Carnarvon, within the Gascoyne region. The project will be developed in phases totalling up to eight gigawatts in installed renewable energy capacity.
Earlier this year, GEV agreed to undertake a feasibility study at HyEnergy to evaluate the technical and commercial feasibility of exporting green hydrogen. Following this it secured a grant for this study.
The company has now commenced this export study with key consultants appointed. This study will show the technical feasibility and commercial advantages of GEV’s compressed hydrogen shipping solution.
The study is expected to be completed in the June quarter of 2022.
GEV Managing Director and CEO Martin Carolan is looking forward to the study.
“GEV is delighted to appoint a group of leading consultants with the specialist experience to assist with the completion of the company’s first feasibility for
hydrogen export using our proprietary marine supply chain,” he said.
“The HyEnergy Project is being positioned to be the first export project of green hydrogen from a greenfield site in Western Australia.”
On the market, GEV was up 9.88 per cent and trading at 8.9 cents per share, while Province was up 6.90 per cent, trading at 15.5 cents per share at 10:28 am AEDT.
