View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 14, 2020

Jemena inks Australia hydrogen deal

Energy infrastructure company, Jemena, signed a new deal to supply Australia’s zero emission vehicle industry with renewably-generated hydrogen.

By bcusack

Energy infrastructure company, Jemena, signed a new deal to supply Australia’s zero emission vehicle industry with renewably-generated hydrogen.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Jemena has committed, through a Memorandum of Understanding (MOU) with Hyundai Australia and Coregas, to produce and deliver hydrogen gas to Hyundai’s Macquarie Park headquarters from early 2021.

“A lack of critical refuelling infrastructure is regularly cited as a handbrake to hydrogen vehicle sales,” said Jemena MD, Frank Tudor.

“Our agreement with Hyundai and Coregas releases some of that pressure and is an opportunity to demonstrate renewably generated hydrogen gas can be made directly available to the vehicle and transport sectors.

“The MOU also signals the wider community benefits of our Western Sydney Green Gas project and demonstrates the value of renewable gas to Australia’s transport industry.”

As part of the deal, Coregas will provide the compressor, pipework and connectors for filling and discharging hydrogen. 

Tudor noted hydrogen gas for transport will be generated as part of Jemena’s A$15m (US$10.7m) Western Sydney Green Gas project, which is being co-funded on a 50% basis by ARENA.

In addition to supporting the hydrogen vehicle industry, the project will also produce hydrogen from solar and wind power and test how hydrogen gas can be stored and used across Jemena’s New South Wales gas network.

“We are demonstrating electrolysers not only produce safe and green hydrogen gas to blend with natural gas for home appliances, but that they also enable hydrogen to be made available for zero-emission transportation,” added Tudor.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto