An energy company has launched a new product aimed at creating more electricity from nuclear power plants, after finding that it has been a significant contributor to Australia’s CO2 emissions.
The company, Dynamatic Energy Systems, launched its first product, a hydrogen-based power plant, on Tuesday, in a bid to lower the country’s carbon emissions.
“We’re aiming to lower our CO2 by more than 20 per cent over the next 30 years by using a hydrogen power plant and hydrogen storage,” said the company’s chief executive, Scott Hogg.
The Hydrogen Power plant is a hydrogen plant, meaning it contains hydrogen to produce electricity.
The company has a long track record of building high-efficiency hydrogen plants.
The company’s most successful plant, in Victoria, produced 1,400 megawatt hours of electricity last year.
In fact, the company has spent more than $300 million to develop the technology.
“We’ve been using it for almost two decades and have spent the last 18 months on this one, in collaboration with the Victorian Government,” Mr Hogg said.
“I think it’s a great start, but there are a lot of hurdles ahead.”
Hydrogen has been used as a fuel for nuclear power in the past, but not for this generation.
Hydrogen is not the same as natural gas, which is a gas which can be compressed.
Hydrodynamics has been working on hydrogen-powered plants since the 1970s, and has been building its technology in Australia for the last five years.
In order to achieve hydrogen power, the hydrogen plant must generate about 12 per cent of its electricity from fossil fuels, and a third from renewables.
The project will be built by the Australian Energy Market Operator (AEMO) and be run by a consortium.
The first hydrogen plant to be built will be in the town of Wattle, near the Queensland border.
HydroHydrogen will be the first hydrogen power station to operate in Australia.
Hydrolink, the power utility that owns the Queensland power grid, is also in the process of building a hydrogen station in Western Australia.