Lion Energy Eyes Hydrogen Market in Australia

By May 6, 2021 2   min read  (280 words)

May 6, 2021 |

Fuel cells works, Lion Energy Signs MOU with Wagner Corporation to Pursue Green Hydrogen

Embracing the energy market disruptor: green hydrogen

The strategy overview is attached to this release and it highlights the following provisional roadmap:

  1. The establishment of a team of hydrogen experts, which will form a Hydrogen Advisory
  2. The appointment of experts to systematically analyze optimal electrolyser locations in
  3. The securing of land rights, subject to available renewable energy supply and hydrogen or ammonia market potential
  4. The determination of best value and fit for purpose solar, wind, and electrolyser
  5. The appointment of a feasibility study consultant with appropriate
  6. Establish joint ventures with global players to build large scale solar/wind farms and relevant energy storage facilities to produce green hydrogen at the lowest cost for domestic and export markets
  7. The potential co-investment in the downstream to enable H2 markets such as the distribution of H2 to heavy

Tom Soulsby, Lion’s Executive Chairman, said “we are excited to venture into green hydrogen to participate in the energy transition and to leverage Australia’s comparative advantage in renewable energy. We are actively working on delivering against our objectives stated above and will make further announcements in due course”.

Lion at a glance

  • ASX listed company exploring green hydrogen opportunities in Australia and an oil and gas company with conventional PSC’s in
  • Focus on conventional oil and gas production and development, appraisal and step out exploration risk opportunities
  • Net production of around 40bopd from the Seram PSC which also contains the 1.5TCF Lofin gas/condensate
  • Leveraging synergies in conventional assets and access to both infrastructure and
  • Executive team and strategic investors with impressive track records for value creation in

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