A significant hydrogen fuel station is set to be constructed in Brisbane as part of a collaboration between Lion Energy, Mitsubishi, and Samsung. This project will establish green hydrogen production and dispensing infrastructure at the Port of Brisbane, with an annual production capacity exceeding 300 tonnes of hydrogen. The hydrogen produced will primarily power heavy vehicles, including Brisbane’s bus network.
Today, Lion Energy secured $3.7 million in financial backing from Mitsubishi and Samsung to fund the development of the hub. The company has already obtained necessary government approvals and signed a 10+10-year lease agreement with Port of Brisbane Pty Ltd. Additionally, Lion Energy is planning to build similar stations in Sydney and Melbourne.
Tom Soulsby, Executive Chairman of Lion Energy, expressed his enthusiasm for the partnership, stating, “We are delighted to collaborate with DGA and Samsung, who bring extensive experience in their respective fields. Their involvement reflects a strong confidence not only in the significant potential for green hydrogen in Australia but also in Lion Energy’s capabilities.”
Soulsby further emphasized the project’s significance for Lion Energy, noting, “This transaction ensures that the project is funded, allowing us to allocate existing and future capital to new initiatives.” He also mentioned that interest in hydrogen offtake has grown as the project has progressed.
“We are now confident that our initial markets for green hydrogen will include the replacement of grey hydrogen with green hydrogen for industrial customers, fuel cell generators (which are more efficient alternatives to oversized diesel generators used at construction, mining, and event sites), and heavy mobility sectors, such as bus operators and truck fleet managers,” Soulsby added. “We expect to provide an update on offtake agreements in Q3 2024.”
