UK-based Hive Energy makes huge investment in Carbon 280 to support their Hydrilyte® hydrogen storage technology.
Post on investments in Hydrilyte® hydrogen storage technology by Hydrogen Central.
- Hive Energy, a leading UK green energy developer, has invested A$1.6 million in Australia-based Carbon280 alongside Woodside Energy to fund the pilot of the Hydrilyte® hydrogen storage technology.
- The investment is part of Hive’s commitment to creating a cleaner future for the planet and accelerating its global green hydrogen strategy.
- Hive Energy currently holds a pipeline of over 11 GW of green hydrogen/ammonia projects across Europe, Africa, and LATAM, and is a global investor in the circular economy.
Here’s a comparative table summarizing the efficiency and cost of Hydrilyte® technology against other hydrogen storage methods:
| Hydrogen Storage Technology | Round-trip Efficiency | Storage Duration | Key Advantages | Key Disadvantages |
|---|---|---|---|---|
| Hydrilyte® | High (exact % not specified, but better than others) | Long-term (decades) | High purity, low operational costs, stable long-term storage | New technology; market adoption still in progress |
| Compressed Hydrogen | 30-50% | Indefinite | Established technology, easier to implement | High energy input for compression, lower efficiency |
| Liquid Hydrogen | 30-50% | Indefinite | High energy density | Energy-intensive liquefaction, requires cryogenic storage |
| Metal Hydride Storage | 50-70% | Moderate (depends on material) | Good energy density, stable storage | Higher capital costs, complexity in materials |
Interestingly, we have some other posts related to this content:
- Green Hydrogen Revolution in Australia – Orica Pioneers Orica accelerates two green hydrogen projects in Australia, aiming to substitute natural gas in its production processes, supported by the government’s “hydrogen headstart” program.
- Green Hydrogen In Australia – First Carbon-Neutral Mine: LINE Hydrogen & Blue Cap Team Up LINE Hydrogen and Blue Cap partner to create Australia’s first carbon-neutral mine at Lord Byron Gold Mine, Western Australia, with a green hydrogen production plant.
- Posco’s Green Hydrogen Revolution in Australia Posco plans a $40 billion investment in Australia’s green hydrogen industry to produce low-emission hot briquetted iron
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