LAVO to develop hydrogen fuel cell production facility in Springfield
Hydrogen electrolyser and storage system manufacturer LAVO has signed a Memorandum of Understanding (MoU) to develop a $20 million hydrogen fuel cell manufacturing facility in Springfield City.
The preparations for the facility are already underway, with construction expected to begin in late 2021 for completion by early 2022. Production is expected to commence later in the same year.
Springfield City Group (SCG) has set aside the City’s 40-hectare vicinity business park for the manufacturing plant.
“We are very excited to be working with SCG and helping deliver on its vision of a city that leads to innovation, design, entrepreneurship and, importantly, sustainability,” said Alan Yu, LAVO Chief Executive Officer.
“This MoU demonstrates the immense potential of the LAVO system, and we look forward to the exciting collaborations that we will undertake alongside SCG.”
“In the meantime, we continue to work closely with our production and manufacturing partners to bring this incredible technology into homes by July 2021.”
The development will allow LAVO’s production partner, Nedstack, to locally produce their polymer electrolyte membrane (PEM) fuel cell technology for LAVO and other customers across the Australasia region.
Nedstack’s PEM fuel cells are the key component in the LAVO system. The company describes the system, launched late last year, as the first and only commercial-ready hydrogen energy storage system designed for residential and business purposes.
According to LAVO, the hydrogen battery stores 40 kWh of energy and offers a more complete, versatile and sustainable energy storage than any alternative currently on the market.
“Technology has a storage capacity three times greater and a lifetime more than two times longer compared to market alternatives,” said the company in a statement.
“LAVO’s technology is truly a game-changer for the energy storage market, and we believe it will have a real, positive impact on the way people power their lives,” Yu said.
The LAVO system provides portable, stable, and long-term storage through employing canisters containing a patented metal hybrid.
The technology will initially be aimed at residential and commercial markets, including off-grid regional and rural properties, and telecommunication towers. The company estimates the market for its technology exceeds $2 billion in Australia across these segments, expanding on a global scale to $40 billion.
SCG Chair Maha Sinnathamby said the MoU would allow SCG and LAVO to work together to identify other renewable energy opportunities.
“As our relationship grows, we look forward to exploring many more opportunities to apply LAVO’s innovative technology and expertise more broadly to deliver on our blueprint for a clean-green future,” Sinnathamby said.
At least a third of Springfield City will be set aside as ‘green space’ under SCG’s new eco-friendly strategy, with residents set to see 100 per cent of their power delivered through renewable sources.
“We have once change – and the responsibility to our residents both now and into the future – to get this right and be an ongoing exemplar for others to follow,” Sinnathamby said.
Source: PV Magazine | Australian-first hydrogen energy facility for Springfield City
18 February 2021