Sparc Technologies reaffirms commitment to green hydrogen technology

Sparc Technologies Limited (ASX: $SPN) has confirmed its ongoing commitment to the Sparc Hydrogen joint venture despite the organisational update at Fortescue Ltd. The joint venture, consisting of Sparc Technologies (52%), The University of Adelaide (28%), and Fortescue (20%), is dedicated to developing next generation green hydrogen technology using a process known as photocatalytic water splitting, which requires only sunlight, water, and a photocatalyst to produce green hydrogen, without electricity.

Executive Commentary on Sparc Hydrogen Joint Venture

Sparc enjoys a close working relationship with our joint venture partners in the Sparc Hydrogen joint venture which remains committed to driving Sparc Hydrogen's next generation green hydrogen technology forward. Having communicated with a senior Fortescue representative we understand that the organisational update described in Fortescue's ASX release will not impact Sparc Hydrogen and it will be business as usual.

Summary of Sparc Technologies' Ongoing Initiatives

Sparc Technologies Limited (ASX: $SPN) has reaffirmed its commitment to the Sparc Hydrogen joint venture, emphasizing the dedication to developing next generation green hydrogen technology. The joint venture's focus on photocatalytic water splitting (PWS) technology, utilizing only sunlight, water, and a photocatalyst, showcases the company's determination to contribute to sustainable energy solutions. Sparc's ongoing initiatives in graphene-based additive products, green hydrogen production technology, and sustainable sodium ion battery anode technology demonstrate its commitment to disrupting and transforming industries while striving for a more sustainable world.