Locality Planning Energy Holdings Limited (LPE) has received firm commitments to raise $7.5 million through a Placement to new and existing sophisticated and institutional shareholders.
LPE will be the electricity retailer for the BioHub, billing the renewable energy behind the meter and interfacing with the wholesale market to import/export any shortfall/excess energy. The BioHub is a large, embedded network generating renewable energy from solar, battery, biogas, and hydrogen on-site
The BioHub is located in Bundaberg, Queensland and consists of 5 tenancies in total and has some completed and existing buildings on site relating to tenancy 1. Bundaberg Regional Council and Utilitas Group are currently using these.
The new tenants of the BioHub will range from a freight logistics company that is contracted to convert local council waste trucks from diesel to hydrogen power and a data centre and cryptocurrency mining start-up company with a mandate to run on 100% renewable energy. A premium price can be obtained by LPE being involved in renewable energy and the BioHub, supplying green renewable energy to high usage tenants such as data centres and crypto miners.
ZoneFlow secures US patent for hydrogen Bayonet Reactor
ZoneFlow Reactor Technologies, LLC (ZFRT) announced that it granted a US patent for its ZoneFlowTM Bayonet Reactor. The reactor’s innovative design promises to significantly drive down the cost of hydrogen production, further strengthening the resource’s viability as an alternative for fossil fuel use.
Recirculating syngas through the Bayonet Reactor transfers the heat in the syngas to the cooler reactant gases entering the reactor, contributing 15% – 20% of the heat required for hydrogen production. This results in a corresponding reduction in the demand on, and the expense of, the furnace and its fuel.
ZoneFlow expects to test the commercial version of the Bayonet Reactor in 2022 in connection with its recently announced joint development project with Honeywell UOP.