Jericho Energy Ventures Inc. (JEV) and Australia’s LINE Hydrogen (Australia) Pty Ltd have executed an MoU to bring to Australia a leading hydrogen boiler technology known as DCC™ Boiler.
LINE Hydrogen and JEV will collaborate to bring DCC™ Boilers to Australia. LINE Hydrogen will also make available to JEV and its customers’ the priority supply of green hydrogen and look to enter into offtake agreements for the supply of LINE Hydrogen’s green hydrogen produced at its George Town Green Hydrogen Plant.
JEV and LINE Hydrogen expect additional industry partners to be announced in the coming months. The first DCC™ Boiler is expected to be installed and commissioned in Tasmania in 2023 to match LINE Hydrogen’s green hydrogen production timeline.
Each DCC™ Boiler installed removes the CO2 equivalent of 2,500 cars per annum (or about 4,400 tons of CO2 per annum). JEV and LINE Hydrogen expect the first DCC™ Boiler to be installed in Tasmania, Australia and supported by LINE Hydrogen’s green hydrogen plant at George Town, Tasmania, in 2023.
The parties plan to build a consortium of end users. LINE Hydrogen will also investigate advanced manufacturing opportunities to manufacture the DCC™ Boiler in either Tasmania or the mainland.
The Agreement comes on the back of the Australian and US Government’s joint statement on establishing the Australia-US Net Zero Technology Acceleration Partnership. The Agreement represents a practical collaboration between industry participants in each of the two countries in the development of the project and demonstrates the ability of businesses to deliver on both government policy and industry net-zero targets.
Brian Williamson, CEO of JEV, said, “Change starts with the end-user, and our zero-emission hydrogen Boiler delivers immediate emission reductions that is the catalyst for decarbonization hubs.”
Gina Bozinovski, LINE Hydrogen’s Managing Director, said, “JEV’s DCC™ Boiler will be a key part to meeting net-zero targets for businesses. We’re pleased to partner with Jericho Energy Ventures and to bring advanced manufacturing opportunities to regional Australia.”
Hydrogen Technologies, a fully owned subsidiary of JEV, has patented a breakthrough method for burning hydrogen and oxygen in a vacuum chamber to create high-temperature water and/or steam with zero greenhouse gases. With the only by-product being water, the Dynamic Combustion Chamber Boiler (DCC™ Boiler) harnesses the power of hydrogen, for commercial heating, hot water and industrial steam boiler applications.