Sparc Technologies to develop ultra-green hydrogen technology
Автор: Small Caps
Загружено: 2021-10-28
Просмотров: 3019
Sparc Technologies (ASX: SPN) executive chairman Stephen Hunt joins Small Caps to discuss its new collaboration with the University of Adelaide to develop next-generation technology to produce commercially-viable ultra-green hydrogen.
Sparc will hold 72% equity in a new joint venture company named Sparc Hydrogen, which will focus on advancing a process that employs the sun’s ultraviolet light and thermal properties to convert water into hydrogen and oxygen without the use of an electrolyser.
As an emerging graphene-based product developer, Sparc’s role in the partnership involves developing graphene coatings for the photocatalyst.
Under the terms of the deal, the company will also issue 3 million shares to the university and contribute $4.75 million towards joint venture expenditure over 4.5 years.
Articles:
https://smallcaps.com.au/sparc-techno...
https://smallcaps.com.au/sparc-techno...
For more information:
https://smallcaps.com.au/stocks/SPN/
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