Sheffield clean fuel provider ITM Power has formed ITM Power Pty Ltd, a wholly-owned subsidiary incorporated in Australia to develop the market for ITM Power’s rapid response electrolyser technology.
Dr. Neil Thompson has been appointed of the newly formed company, which has also signed up as a member of Hydrogen Mobility Australia.
Australia is now the world’s second-largest LNG exporter and is building momentum to develop a similar export market for hydrogen. The Australian Renewable Energy Agency, an Australian government agency established to accelerate Australia’s shift to secure, affordable and reliable renewable energy, announced in May 2017 that exporting renewable energy (in the form of hydrogen, ammonia or embodied in processed raw materials, will form one of its four core investment priorities.
Gas Vision 2050, a report published by gas industry stakeholders in Australia, this year, highlighted the enormous potential of the gas network for energy storage, noting “Australia’s gas infrastructure can store the same amount of energy as 6 billion (13.5kWh) Powerwall batteries.” Converting the unused energy generated by renewables into hydrogen by power to gas technology thereby avoids the cost of new batteries.
Jay Weatherill, the Premier of South Australia said: “This nation-leading strategy sets out clear pathways to capitalise on South Australia’s competitive advantages and accelerate the State’s transition to a clean, safe and sustainable producer, consumer and exporter of hydrogen.” The South Australian 2017-2018 State Budget has already taken the first steps towards accelerating the take-up of hydrogen as an alternative transport fuel with the creation of a A$150m Renewable Energy Fund that can provide loans and grants to eligible projects including hydrogen storage, with a further A$8.2m allocated to the first stage of the Hydrogen Roadmap that will fund a trial of six hydrogen fuel cell buses for use by Adelaide Metro, as well as the supporting hydrogen production and refuelling infrastructure.”
Dr. Thompson is an experienced Executive Director who was Managing Director / Principal Risk Mitigation Consultant at Pine River Business Planning as a Member of the Institute of Management Consultants servicing the consulting engineering and clean technology sectors. Neil started his career as an electrical engineering cadet in the Australian power industry in the 1980s before moving to radiation processing systems for the aerospace and automotive industries across the Americas, Europe and the APAC region.
ITM Power CEO Dr Graham Cooley said: “Australia is an exciting new market for green hydrogen production and we are delighted to make this important first step to allow ITM Power to capitalise on the significant growth opportunities and accelerating momentum in the hydrogen sector in Australia.”