Two of the consortium partners. Energy Australia are Hong Kong owned & have stated they are taking Yallourn towards 100% hydrogen. Providence Asset Group have a very impressive board/management team. Below are a few snippets.
Henry has over 25 years’ experience in strategic planning, stakeholder management, debt and equity advisory. Prior to establishing Providence Asset Group, Henry held executive roles at Commonwealth Bank of Australia (CBA) where he was Director in Institutional Banking and Markets. He led and originated CBA’s global market risk opportunities for institutional and corporate clients. Prior to CBA Henry held senior positions at China Construction Bank, China Investment Bank (now known as China Development Bank) and Cinda Asset Management Company.
STEPHEN CRAEN
HEAD OF DEBT CAPITAL MARKETS
BA Hons Physics
Stephen has over 25 years’ experience in energy finance. Prior to joining Providence Asset Group, Stephen was co-Head of Societe Generale’s Energy Team for Europe, Africa and the Middle East where he advised clients on raising over USD30 billion in multi-sourced project finance debt.
SIMON CORBELL
NON-EXECUTIVE DIRECTOR
Simon joined the Providence Investment Management Pty Ltd in May 2021. Simon has more than two decades of senior experience in public policy leadership, governance, and program implementation. He held the role of Victorian Renewable Energy Advocate between 2016-2018 and from 2008-2016 was the Deputy Chief Minister and Minister for the Environment, Climate Change and Energy of the Australian Capital Territory.
Simon is the Board Chair and CEO of the Clean Energy Investor Group, representing 17 institutional investors and developers in the Australian electricity market
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ECT are aiming for the max $70m grant. As well as the consortium partners, there are the "supporters" listed. Don't underestimate the role of the "supporters" in ECT's grant bid. They are listed in the application for a reason. Coregas are listed first. Coregas used to be Linde before Wesfarners took them over. A Monster.
About Coregas
As a Wesfarmers company, Coregas is the only Australian industrial gases company. We manufacture gases locally and distribute throughout Australia and New Zealand via a network of branches and third parties.
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Another ECT "supporter" is Federation University. A university isn't going to risk it's reputation on just any project. It's a great look to have a university in your corner when asking the Govt for money. Nice.
"Federation University Australia was formed when the former University of Ballarat and the Gippsland Campus of Monash University were amalgamated."
With campuses in Ballarat, Berwick, Brisbane, Gippsland and the Wimmera, we became Federation University in 2014 – a new entity bringing together almost 150 years of history from our predecessor institutions.
As a young university, we have the energy and optimism of youth combined with the knowledge and experience that comes from our history as one of the oldest universities in Australia, dating back to 1870.
We are a diverse community with over 24,000 domestic and international students and 110,000 alumni across Australia and the world" --------------------
If anyone knows how to put a Govt grant application together it's ECT...ALDP etc etc. Three or 4 grants a possibility Glenn says.
ECT have assembled a very compelling argument for receiving the full $70m they are wanting. Energy Australia etc. Feb for Coldry commissioning - March for grant decision. Some of us posters here have seen it all with ECT over the last 12 years or more. Books could be written on it. But ECT definitely has turned the corner here imo.
As Glenn (& the interviewer) several times inferred - ECT's time to shine has finally arrived & well ahead of the competition. No wonder all the above entities & more suddenly want to associate themselves with ECT. All imo.
tick tock...
ECT Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
(20min delay)