Australian based, Sparc Hydrogen is currently working on a technology that will produce green hydrogen from only sunlight and water, instead of renewable energy and electrolysis, offering various benefits when compared with electrolysis technologies.

Sparc Hydrogen’s innovative technologies will provide FFI with a competitive edge, however, the advantages of the acquired interest do not stop there. Sparc Hydrogen also boasts an exclusive licence to develop and commercialise next-generation green hydrogen technology created by the University of Adelaide and Flinders University.

Through working together, it is now hoped the duo will be able to make Spar Hydrogen’s technology a global success at a large scale, if it proves to be successful in the early-stage development phases.

Julie Shuttleworth, CEO of FFI, said, “There is irrefutable scientific evidence that the planet is warming. Green hydrogen is a practical, implementable solution to decarbonise hard to abate sectors, including heavy industry.

“The research being undertaken by Sparc Hydrogen is important for FFI’s growing technology portfolio as we continue to develop technologies to lower emissions globally. We are excited to enter into this relationship and to support this critical research into green hydrogen.”

As an initial step, FFI will invest $1.8m and will acquire 20% in Sparc Hydrogen, looking to build this, at stage two the company will invest a further $1.4m for a total investment of $3.3m over 4.5 years to earn a 36% share.

Stephen Hunt, Executive Chairman at Sparc Technologies, said, “Sparc is extremely excited to be working with a company of the calibre of FFI, which has demonstrated its credentials as being a world leading company in green hydrogen.

“FFI is well placed to assist the development and commercialisation of Sparc Hydrogen’s green hydrogen photocatalytic technology.”