Sparc Technologies inks solar hydrogen integration agreement
- Sparc Hydrogen signed an agreement to integrate SunHydrogen modules into its reactors for testing under concentrated sunlight.
- The announcement coincided with the Sparc Technologies share price trading up at $0.23.
- The partnership aims to advance solar-to-hydrogen technology following laboratory tests showing efficiencies above 10%.
Sparc Technologies (ASX:SPN) announced that its joint venture, Sparc Hydrogen, entered into a technology collaboration and intellectual property protection agreement with SunHydrogen.
The new partnership follows preliminary laboratory testing that demonstrated solar-to-hydrogen efficiencies exceeding 10%.
“Sparc Hydrogen’s strategy is to work with the world's leading developers of photocatalyst and photoelectrochemical materials, and this collaboration with SunHydrogen reflects that approach,” said Sparc Hydrogen CEO Alana Barlow.
Under the agreement, the parties will integrate SunHydrogen's modules within Sparc Hydrogen's reactors to test performance under concentrated sunlight.
The companies stated that successful completion of laboratory milestones will lead to testing at the SHARP pilot facility and a subsequent techno-economic analysis.
Following the announcement, the Sparc Technologies share price was up at $0.23.
Sparc Technologies is a South Australian company focused on developing and commercialising innovative sustainable technologies, including graphene-based additives and green hydrogen production.
The business previously advanced pilot plant development workstreams, secured a research and development tax incentive claim of approximately $1.1 million, and progressed commercial trials for its ecosparc product.
