Sparc Technologies Limited (SPN) (Sparc, Sparc Technologies or the Company) is pleased to report on the
completion of a preliminary Techno-Economic Analysis (TEA) by Sparc Hydrogen Pty Ltd
(Sparc Hydrogen).
Sparc Hydrogen, a joint venture between Sparc Technologies, Fortescue Future Industries (FFI) and the University
of Adelaide, is seeking to commercialise patent-pending photocatalytic water splitting technology with the aim of
producing low-cost green hydrogen on a commercial scale (the Sparc Green Hydrogen process). The preliminary
TEA has been delivered through a collaborative effort from the joint venture partners, led by the University of
Adelaide, and supported by independent engineering consultant, ITP Thermal (ITP). The completion of this
collaborative effort is a significant milestone for Sparc Hydrogen and on the back of the positive outcomes, the joint
venture partners have agreed to accelerate scoping activities for a pilot plant ahead of the original project schedule.
Commenting on the milestone, Sparc Technologies Executive Chairman, Stephen Hunt, said:
“Today marks a significant milestone for Sparc Technologies and the Sparc Hydrogen JV, with the preliminary
TEA confirming the low-cost potential of this green hydrogen technology. The decision to accelerate a pilot
plant is evidence of the JV partner’s enthusiasm and is an important step on the path to commercialisation.”
Fortescue Future Industries CEO, Mark Hutchinson, added:
“Fortescue is building a world-wide tech network to encourage scientists and engineers from across the globe
to advance research and development in technologies. Our goal is to develop green hydrogen and renewable
energy innovations and technology, with a specific focus on decarbonising hard-to-abate industries that can
be commercialised fast. The result of the preliminary TEA is welcome news.”
University of Adelaide’s Chief Innovation & Commercialisation Officer, Dr Stephen Rodda, noted:
“The preliminary TEA and the resultant decision to accelerate this project is a significant and encouraging
outcome for Sparc Hydrogen. It also underscores our collective commitment as JV partners to drive
commercialisation of this exciting technology with confidence and aim to achieve commercial scale rapidly.”
