Ann: Strategic Agreement for Hydrogen Prefeasibility Studies, page-2

In light of my previous post on ADX's hydrogen opportunity.. Wanted to bring this announcement back in focus incase anyone wanted to discuss it?

Key snippets taken from the announcement:

• ADX is pleased to advise that it has entered an agreement with Horváth & Partners (Horváth) to
• undertake a pre-feasibility assessment for hydrogen storage at ADX’s Gaiselberg and Zistersdorf
• fields in the Vienna Basin as well as the creation of a profitable hydrogen business model
• 
  
• The suitability of the Fields is due to their close proximity to major renewable electricity
  sources
• sources that can be used for renewable hydrogen production (Green Hydrogen)
• 
  
• The potential for hydrogen storage is created by anticipated exponential growth in
  wind and solar energy production in Austria
• wind and solar energy production in Austria as a result of the recently ratified government
• directive for a 6 times increase in power generation (source: Austrian Power Grid AG).
• 
  
• ADX is fortunate to be very well placed for hydrogen storage in
• terms of its operational skills and the location of its assets at Gaiselberg and Zistersdorf which are
• in close-proximity to large scale wind power generators