Australian mineral processing technology company TNG Limited has reached an agreement with international green hydrogen specialist, AGV Energy, to collaborate on the proposed integration of vanadium redox flow batteries (VRFB) with AGV’s green hydrogen production technology.
AGV and its global partners are developing the so-called HySustain technology to produce green hydrogen and oxygen using the electrolysis of demineralised water and renewable energy.
The Malaysia-based company is planning to use VRFB as its preferred energy storage system for HySustain, with the first commercial application planned at a green hydrogen project in Malaysia.
Under the agreement, the two companies will also explore opportunities for formal collaboration for the commercialisation of HySustain in Australia and other opportunities for the application of VRFB in Malaysia.
TNG’s Managing Director & CEO, Mr Paul Burton said the agreement with AGV Energy opens up an exciting pathway for collaboration on the development of their exciting green hydrogen HySustain technology.
“HySustain is a great opportunity to showcase an integrated VRFB storage solution,” Mr Burton said.
“We also intend to work with AGV Energy on the potential rollout of HySustain in Australia, given the significant momentum within Australia and the resources industry to move towards a hydrogen-based economy.
“Our collaboration with AGV Energy is an important further strategic step in our ongoing program to reduce our Company’s net carbon emissions, including future emissions from our flagship Mount Peake Project, given the strong focus from environmental regulators on undertaking proactive measures to reduce carbon emissions globally and for companies to embrace world-leading ESG standards and practices.”