Gold Hydrogen's Groundbreaking Investment in Yorke Peninsula
Key Ideas
- Gold Hydrogen secures $14.5 million investment from Japanese firms for well drilling in Yorke Peninsula.
- Analytical results indicate rich presence of hydrogen and helium, including the rare isotope 3He in the geological system.
- Investment aims to develop the market for low-carbon hydrogen, targeting transportation, power-grid fuel cells, and low-carbon chemicals.
- Industry insiders believe this investment could pave the way for larger institutional interest in geological hydrogen and helium.
Gold Hydrogen, an Australian geological hydrogen start-up, has raised $14.5 million with investments from Japanese firms like Toyota Motor and Mitsubishi Gas Chemical. The company is focusing on exploring drilling sites in Australia’s Yorke Peninsula, known for its rich geological system containing hydrogen and helium, including the rare isotope 3He. The investment aims to develop the market for low-carbon hydrogen, with a focus on applications in transportation, power-grid fuel cells, and low-carbon chemicals. This development marks a significant step in the geological hydrogen space, with potential to attract more institutional investors in the future according to industry experts.