Ann: Sparc Completes Testing at CSIRO with Hydrogen Production, page-5

Gopherbroke - I don't disagree with the potential, I think the over-looked factor by larger investors is timing. There are very few, if any, credible institutional multi-national government or academic bodies who think the developed world is going to achieve climate goals / carbon emission reductions. Global heating is in the red zone. Any tech that offers hope to carbon emission reductions will have a premium beyond reasonable value. If Sparc and partners show a reasonable degree of commercial readiness at reasonable price to produce ultra green energy (hydrogen) then they're seemingly far ahead of negligible competition at a time the world(especially industry) really really needs clean energy.

I also wonder if just having a pilot reactor will be a large money earner when others want to try their photocatalysts in a live environment. Additionally, I wonder when the patent comes through what the commercial value of that may be.

Of course, there are other potential risks, including this brand new world leadingl tech not working effectively. I also wonder how much water is needed to produce 10 kgs of hydrogen, there's risk from competitors and other tech.

That stated, it's potentially great news, at a pivotal time for ultra clean green energy and if Sparc bounces above the tree line up into the sky then kudos to those with the patience, fortune/insight and good fortune to stick with it.