Hydrogen Pilot Plant update, page-10

Below is an excerpt from Nick's half yearly review today

He has said before that many of the alternative Hydrogen players are already confronted with and exposed to the problems we are all having in the energy sector - This in itself affords Sparc a huge opportunity to demonstrate their ability to meet the Govt's "H2 under 2" target.

Anecdotal ‘farm-gate’ costs for currentfeasibility stage projects in Australia are in the range of A$10 - $15/kg ofhydrogen.

This is well in excess of what is required tomake green hydrogen a competitive energy source or chemical feedstock – notethe Australian Government’s target (‘H2 under 2’) isto produce hydrogen at a cost of below A$2/kg.

Is there a pathway to getting costs down fromwhere they are today?

Undoubtedly, yes.

But you have to seriously consider how quicklythe industry can get from >A$10/kg to a target of A$2/kg when doing so isreliant on power prices (specifically wind & solar) reducing by more than75%.

This is where SparcHydrogen’s next-generation technology comes in.