Victorian developers commit $5.8 million in first sale of Australian company’s modular hydrogen production units

Patriot Hydrogen’s P2H units, as they are named, cost $2.9 million each and are movable, producing hydrogen from biomass where its needed. The units have an initial production target of 1 tonne of hydrogen per day, though production is expected to scale up in the next three years.

The two units were purchased by Port Anthony Renewables Limited, which is planning to develop a 20-tonne-per-day hydrogen production facility at Port Anthony, about 200km southeast of Melbourne. Port Anthony has long been a hub for offshore oil and gas exploration and production and Port Anthony Renewables executive chairman Ben Anthony said the shift towards hydrogen would ensure it remains a cornerstone of Australia’s energy sector.

Patriot Hydrogen, the company supplying the hydrogen production units, was partially acquired by Western Australia-based oil and gas company Prominence Energy earlier this month. Prominence have bought a 20% stake in the hydrogen company, which hopes its P2H units will build into a solid revenue stream.

The two P2H units will be delivered in the fourth quarter of 2021, though the $5.8 million dollar sale is subject to Port Anthony Renewables securing its funding and undertaking a 30-day period of due diligence.