Sparc Technologies Ltd ( (AU:SPN) ) has shared an update.
Sparc Technologies has commenced construction of a pioneering green hydrogen pilot plant in South Australia, utilizing a unique photocatalyst material to produce hydrogen directly from water using solar energy, without the need for electrolysers. This development marks significant progress in Sparc Hydrogen’s efforts to lead in the emerging direct solar to hydrogen technology, with the pilot plant expected to be a globally leading facility for research and commercialization. The project has achieved key milestones, including securing an EPCM contract, obtaining planning consent, and starting reactor manufacturing, with plant commissioning anticipated in mid-2025.
More about Sparc Technologies Ltd
Sparc Technologies Limited operates in the renewable energy industry, focusing on innovative green hydrogen production technologies. The company collaborates with partners such as Fortescue Limited and the University of Adelaide to develop next-generation solutions for hydrogen production, emphasizing the use of photocatalytic water splitting.
YTD Price Performance: 6.25%
Average Trading Volume: 123,586
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$16.3M
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