Jericho Energy Ventures (JEV) and the Australian LINE Hydrogen have executed a Memorandum of Understanding (MoU) which could see the boiler technology of JEV’s wholly owned subsidiary, Hydrogen Technologies, head down under.
Under the agreement, the companies will collaborate to bring the DCC™ Boiler to the country, with LINE Hydrogen also providing JEV’s customers a priority supply of green hydrogen, with a view to enter into Offtake Agreements for its clean fuel produced at its George Town Green Hydrogen Plant, Tasmania
Hydrogen Technologies’ DCC™ Boiler burns hydrogen and oxygen in a vacuum chamber to create high-temperature water and steam with zero greenhouse gases, with intentions of harnessing hydrogen for commercial heating hot water and industrial steam boiler applications.
According to JEV, each boiler installed can remove the carbon dioxide equivalent of 2,500 cars per annum, or approximately 4,400 tonnes of carbon dioxide each year.
H2 View understands that industry partners are expected to be announced in the coming months with the first DCC™ Boiler hoped to be installed and commissioned in Tasmania in 2023.
Brian Williamson, CEO of JEV, said, “Change starts with the end-user, and our zero-emission DCC™ Boiler delivers immediate emission reductions that is the catalyst for decarbonisation hubs.
“We’re incredibly excited to work with LINE Hydrogen as we continue to transition to a clean energy future. By partnering up with LINE Hydrogen, we can provide end-users with surety of supply to make the transition to clean energy a win-win.”
The parties have also said LINE Hydrogen will investigate manufacturing opportunities which could see the firm produce the boilers in Tasmania or mainland Australia.
Gina Bozinovski, Managing Director of LINE Hydrogen, commented, “JEV’s DCC™ Boiler will be a key part to meeting Net Zero targets for businesses. We’re pleased to partner with Jericho Energy Ventures and to work to bring advanced manufacturing opportunities to regional Australia.”
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