The Port of Brisbane is welcoming a new hydrogen fuel station as part of a deal between Lion Energy, Mitsubishi and Samsung.
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The project will consist of green hydrogen production and dispensing infrastructure, catering for buses, trucks and other heavy vehicles, producing more than 300 tonnes of hydrogen per year.
Queensland’s energy minister Mick de Brenni says the hub is a huge breakthrough for the state.
“It’s another major step in building Australia’s east coast hydrogen superhighway, helping to cut emissions, and deliver secure energy jobs for Queenslanders,” he says.
“Our hydrogen-powered future is closer than you think.”
Lion has received development approvals from the state government and has signed a $3.7m financial backing contract with Mitsubishi and Samsung to build the hub, signing a 10+10yrs lease with Port of Brisbane Pty Ltd.
“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.”
The company also plans to build similar stations in Sydney and Melbourne.
“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,” he says.
“We expect to update the market on offtake agreements in Q3 2024.”
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