Sparc Technologies (ASX: $SPN) hydrogen pilot plant activities commence

Sparc Technologies Limited (ASX: $SPN) has commenced front-end engineering and design (FEED) for a first-of-its-kind pilot plant in a joint venture with the University of Adelaide and Fortescue Limited (ASX: $FMG). The pilot plant is planned to be located at the University of Adelaide's Roseworthy Campus, ~50km north of Adelaide, South Australia. Sparc Hydrogen, the joint venture, has achieved key milestones including securing an in-principle agreement from the University of Adelaide, progressing pilot scale reactor design and engineering, and signing a Collaboration Framework Agreement with Shinshu University in Japan.

Sparc Technologies Managing Director, Mr. Nick O'Loughlin, comments on the progress

Sparc Technologies Managing Director, Mr. Nick O'Loughlin, expressed his delight with the progress made by the Sparc Hydrogen team on the pilot plant development workstreams. He emphasized the importance of commencing FEED for the pilot and highlighted the increasing need for alternative, low-cost green hydrogen production technology in the global context of high electricity prices, energy insecurity, and urgent calls for decarbonization.

Summary of Sparc Technologies (ASX: $SPN) hydrogen pilot plant activities

Sparc Technologies (ASX: $SPN) has initiated front-end engineering and design (FEED) for a groundbreaking pilot plant in collaboration with the University of Adelaide and Fortescue Limited (ASX: $FMG). The pilot plant, planned to be located at the University of Adelaide's Roseworthy Campus, marks a significant milestone in the development of alternative, low-cost green hydrogen production technology. The company has achieved key milestones, including securing site approvals, progressing reactor design and engineering, and signing a Collaboration Framework Agreement with Shinshu University in Japan. Sparc Hydrogen aims to independently test different reactor designs and photocatalyst materials, contributing to the global efforts for decarbonization and addressing the increasing need for low-cost green hydrogen production technology. The company's funding and timeline support the construction of the pilot plant, with a targeted completion in Q1 2025, subject to board approval and potential additional funding from a CRC-P grant application.