LAVO is well-positioned to support Duxton Vineyards to enhance its overarching sustainability objectives.
- LAVO and Duxton Vineyards Group (“DV”) sign MoU to explore opportunities for commercial applications of LAVO hydrogen storage solutions within Duxton Vineyards winery, vineyard and agricultural assets.
- LAVO and DV to co-develop pilot project utilising the cornerstone LAVO System within DV’s Vineyards and Winery operations, with potential demonstration across broader agribusiness assets.
- Collaboration to explore a broader “Negative Carbon” Plan for DV, using LAVO technology to support innovative Waste-to-Energy products and Balance-of-System Zero Carbon solutions by December 2022.
- LAVO is well-positioned to support DV enhance its overarching sustainability objectives and achieve its Net Zero Carbon or “Carbon Negative” by 2030 target.
Sydney, NSW –– LAVO (the Company), an Australian technology and lifestyle company powered by hydrogen, and Duxton Vineyards Group (DV), a large scale, vertically integrated wine enterprise, today announced the signing of a Memorandum of Understanding (MoU) to collaborate on the use of LAVO hydrogen storage solutions to assist DV achieve its Net Zero Emissions and sustainability objectives.
Founded in 2015, DV is a private vineyard operator located in the Mildura & Sunraysia region of New South Wales, Australia. DV caters to investors seeking an opportunity to invest in a large aggregation of Australian vineyards. DV owns and operates over 2,400 hectares of vineyards in this area, as well as a large-scale winery.
With sustainability central to its overall strategic business objectives, DV aims to achieve Net Zero Carbon by 2030 and maintain a carbon negative agricultural asset portfolio thereafter. With a shared commitment to making a positive impact through long-term sustainable solutions for the community, home and person, LAVO is well-positioned to partner with DV.
Under the MoU, LAVO and DV will collaborate on a pilot project which will utilise LAVO’s cornerstone product, the LAVO System, across DV’s vineyards and winery assets. The overarching aim of the pilot will be to determine how LAVO can work within and support DV’s ecosystem vision for a “negative carbon” winery on a long-term basis.
Following the pilot, LAVO and DV will work together to develop and implement a strategy for the expanded application of LAVO’s hydrogen storage solutions across DV’s operations.
This includes exploring commercial and practical means of utilising LAVO’s hydrogen storage solutions to enhance DV’s Vineyard and Winery Energy Management “Negative Carbon” Plan, and further applications across its agricultural asset portfolio.
Reliable, affordable and sustainable power generation and supply is one of the biggest challenges facing governments, businesses and individuals today. The versatility of LAVO’s innovative hydride technology; its overarching commitment to long-term sustainable solutions; and its critical role in enabling Australia’s shift to a greener future allows it to support DV in meeting its overarching sustainability objectives and achieve its Net Zero Carbon by 2030 target.
Alan Yu, CEO and Executive Director of LAVO, commented: “We are thrilled to be working with Duxton Vineyards Group to help deliver on its ambitious sustainability and net zero carbon objectives. It is always exciting to collaborate with like-minded companies that recognise the importance of cleaner, greener operations for a more sustainable future.
“We are committed to building the next generation of energy storage in Australia and this MoU gives us the opportunity to put our own ambitions into practice. Reliable, affordable and sustainable power generation and supply is one of the biggest challenges facing governments, businesses and individuals today. We are pleased to be taking yet another step forward in enabling Australia’s shift to a greener future through the use of green hydrogen energy technology.”
Edouard Peter, Chairman of Duxton Group, also commented: “Duxton Vineyards is committed to achieving positive environmental outcomes and playing its role in progressing a circular economy,
Our work with LAVO reflects our commitment to progressing environmentally-focused partnerships that promote a sustainable relationship with the land we operate on.
“LAVO’s first of its kind hydrogen energy storage technology will be an important feature in Duxton Vineyard’s sustainable future, and I look forward to working with their team to advance our renewable energy and zero emissions objectives.”
LAVO, which was launched in Australia in September 2020, has the first and only commercial-ready hydrogen energy storage system in the world designed for everyday use by residential homes and businesses, called the LAVO system. The LAVO system is designed to be easily integrated with existing solar panel infrastructure, with the company exploring further applications for its patented metal hydride solution.