The pace at which the world moves is unbelievable. Just 12 months ago, it seemed nobody knew what green hydrogen was and the opportunity it presented to the Australian economy to help transition our country to zero emissions, whilst simultaneously creating an export industry with the potential to dwarf coal and gas.
Fast forward 12 months and everybody has now heard about green hydrogen and is excited by its future potential. Continually, with investors more in-tune to their ESG requirements, renewable energy companies are in high demand from investors at all levels - from retail, to institutional and everyone in between.
Infinite Blue Energy is a pioneer in green hydrogen by being at the forefront of large-scale, sustainable green hydrogen production in Australia and abroad. At their Arrowsmith foundation project, early earth works have commenced and the 150m high MetMast weather station was erected. The weather station provides valuable weather data vital to the development of the Arrowsmith Hydrogen Project, that is aiming to produce up to 265 tpd of green hydrogen for domestic and international markets. IBE anticipates reaching FID in Q4 2022.
It is important to appreciate that Arrowsmith is not the only hydrogen project currently being developed by IBE. A recent development was the MEG Early Production System, which is the acquisition of an existing solar farm, expanding generation capacity, and adding an electrolyser onsite, to have up to 4.4 tpd of green hydrogen flowing into the Western Australian economy from Q3 2023. This early gas will enable early adoption of hydrogen fuel cell electric vehicles, thus priming the WA economy for a hydrogen future.
Outside of WA, IBE is advancing its hydrogen projects with its respective JV partners in Victoria (Arrowsmith Southeast), Italy (Arrowsmith Italia), and New Zealand (Big Blue Energy). These projects have access to deep water ports and offer both domestic and international offtake opportunities for green hydrogen.
To support IBE’s hydrogen project development, the company has launched a capital raise led by Barclay Pearce Capital. The A$5m convertible note offer is open to s708 investors, with primary use of funds going towards progressing the foundational Arrowsmith project to FID and for a planned 2022 IPO.
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