Infinite Blue Energy in alliance with Indigenous renewable energy specialist
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Infinite Blue Energy has reached an agreement with Aboriginal-owned business Boya Energy to build and develop its planned MEG HP1 green hydrogen plant in Northam, WA.
The plant will use power from the recently acquired 11 megawatt Northam Solar Farm to produce up to four tonnes per day of hydrogen.
Green hydrogen produced from the plant will be partially consumed by WA-based waste management companies for use in back-to-base refuse collection vehicles and in fleet vehicles local to the MEG H1.
Under the Heads of Agreement, Boya – an Indigenous company specialising in industrial renewable energy – is expected to take up to a10% stake in the plant.
“Boya are an established business focused on providing a range of renewable energy solutions for business,” Infinite chief executive officer Stephen Gauld said.
“We are thrilled to be partnering with Boya Energy, as we look to develop this project on the Traditional Country of the Noongar People.
“The partnership highlights IBE’s commitment not just to fight climate change, but also to see Indigenous people and businesses benefit from green energy production on Traditional Country.”
Boya founder Gerry Matera said participation in this project aligns strongly with the values and vision of Boya Energy.
“We are committed to fast tracking the energy transition, creating opportunities for Aboriginal people and businesses while preserving country. Production of green hydrogen is a key component of that story.”
Infinite Blue Energy had acquired the Northam Solar Farm late last month for the expressed purpose of powering the MEG HP1 facility, which hosts a 10MW electrolyser.
Front-end engineering and design is already underway with a final investment decision to be made later this year and first production expected in Q1-2024.
The company also remains focused on delivering its Arrowsmith project that aims to produce about 25t of green hydrogen per day with potential for output to increase to 125t per day as the market develops and export opportunities are pursued.
This article was developed in collaboration with Infinite Blue Energy, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.