SmartestEnergy inks Oz solar offtake

• PPA with PAG covers 30 projects which also intends to rollout eco-friendly hydrogen manufacturing at the websites

SmartestEnergy Australia has authorized a power purchase agreement (PPA) with Australian investor Providence Asset Group (PAG) for the result of solar farms throughout Victoria as well as New South Wales.

Under the regards to the agreement, SmartestEnergy will certainly acquire the sustainable generation outcome of the neighborhood solar farms for an initial 30-month period, with both events planning for a 10-year extension on the firming PPA at the end of the preliminary duration.

When all the solar farms are running, the mixed generation outcome will be around 500 gigawatt-hours a year.

As part of the rollout, PAG additionally prepares to release eco-friendly hydrogen energy storage space and also production devices at the local solar farm areas.

Lavo's HEOS containerised steel hydride hydrogen storage space and also manufacturing facilities will certainly be the very first of their kind in Australia and likewise worldwide.

The innovation was developed in Australia by the University of New South Wales as well as Lavo with the seed financial investment from PAG equity capital.

Alan Yu, PAG co-Founder and also primary investment police officer, said: "We are thrilled to announce this manage SmartestEnergy.

" It's one more vote of confidence in Australia's renewable energy market as well as supplies an optimal base to demonstrate the technological as well as business benefits that industrial scale solar farms combined with the Lavo HEOS system can provide.

" This will certainly serve as a flagship project, highlighting the importance of grid-connected gas cells and also projects of this type."

PAG will certainly additionally begin service creating an eco-friendly hydrogen export roadmap to Japan.

The Lavo HEOS offering will make use of Lavo's patented metal hydride modern technology to shop and also transport environment-friendly hydrogen securely and also efficiently to Japan as well as other export markets inside a standard shipping container.