Infinite Blue Energy bags funds for major Aussie green hydrogen project

April 30 (Renewables Now) – Infinite Blue Energy LIMITED has obtained AUD 300 million (USD 196.4m/EUR 179.2m) in equity and debt funding from a group of international investors for a green hydrogen project in Western Australia, local media report.

The company’s Arrowsmith hydrogen plant will be built at a site that is about 320 km (198.8 miles) north of Perth. The facility will have the capacity to produce 25 tonnes of green hydrogen a day, relying on solar panels, wind turbines and batteries.

The plan is to switch on the plant in 2022.

Meanwhile, Infinite Blue Energy is holding talks regarding additional green hydrogen projects, having received strong interest, its CEO Stephen Gauld was quoted as saying by Business News Australia.

(AUD 1.0 = USD 0.655/EUR 0.598)

Full Article

Stay up to date with the latest news at IBE