Hazer Group achieves significant milestone

Hazer Group (ASX:HZR) has successfully completed a performance test for their Commercial Demonstration Plant. The plant achieved over 450 hours of continuous operation with a 99.6% uptime. This milestone produced substantial volumes of high-purity graphite, which is now being distributed for application testing. The results support Hazer's strategy to scale up and commercialize its clean hydrogen and graphite production technology.

Hazer Group's strategic plans and future outlook

Hazer Group has achieved a significant operational milestone with their Commercial Demonstration Plant, running continuously for over 450 hours with high reliability. This success validates the design and operability of their clean hydrogen and graphite production technology, de-risking the path to commercial scale-up. The high-purity graphite produced is being tested by strategic partners, supporting the commercialization strategy focused on large-scale projects like the FortisBC plant in Canada. Future plans include installing a second-generation reactor by 2025 to support even larger projects. Hazer is committed to its mission of contributing to global decarbonization through innovative climate-tech solutions.

Executive commentary on Hazer's successful test

CTO Tim Forbes expressed confidence in the technology's readiness for commercialization, emphasizing the de-risking of large-scale projects. CEO Glenn Corrie highlighted the importance of the CDP in the commercialization strategy, noting that the technology is scalable, low-cost, and uniquely positioned in the climate tech industry.