A new major hydrogen fuel station is set to be built at the Port of Brisbane as part of a deal between Lion Energy, Mitsubishi and Samsung.
The project will consist of green hydrogen production and dispensing infrastructure, producing more than 300 tonnes of hydrogen per year.
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Primarily used to power heavy vehicles and Brisbane’s bus network, Queensland energy minister Mick de Brenni says the hub is a major breakthrough for the state.
“This green hydrogen hub will be a blueprint for fueling our bus networks and heavy transport, producing 300 tonnes of hydrogen each year,” he says.
“It’s another major step in building Australia’s east coast hydrogen superhighway, helping to cut emissions, and deliver secure energy jobs for Queenslanders.
“Our hydrogen-powered future is closer than you think.”
Lion has signed a $3.7m financial backing contract with Mitsubishi and Samsung to build the hub, already obtaining government approvals for the project and signing a 10+10yrs lease with Port of Brisbane Pty Ltd.
The company is also planning to build similar stations in Sydney and Melbourne.
“We are delighted to partner with DGA and Samsung, who bring to the project a wealth of experience in their respective fields,” Lion Energy executive chairman Tom Soulsby says.
“Their interest reflects a confidence not only in the significant potential for green hydrogen in Australia but also in Lion’s capabilities.
“For Lion, the transaction results in the Project being funded and will allow us to allocate existing and future capital for new projects.”
Soulsby says that as the project has developed, hydrogen offtake interest has followed.
“We are now quite confident that our initial markets for our green hydrogen production will be the displacement of grey hydrogen to green hydrogen for industrial customers, fuel cell gensets (which displace oversized and inefficient diesel gensets at construction, mining and event sites) and heavy mobility players such as bus operators and truck fleet managers.
“We expect to update the market on offtake agreements in Q3 2024.”
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