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- Macarthur Minerals (MIO) has signed a deal with LAVO Hydrogen Technology to investigate the use of hydrogen power at the Lake Giles Iron Project
- LAVO creates hydrogen battery systems, which essentially create hydrogen from water, before converting it into power and generating electricity
- Under the strategic partnership and collaboration agreement, MIO will use up to five LAVO storage units at its worker accommodation facilities
- The remote facilities are being constructed to support Macarthur’s direct shipping ore (DSO) mining operation near Lake Giles in WA
- If all goes to plan, LAVO may then supply additional hydrogen power operations for MIO’s wider Lake Giles mining project
- Shares in Macarthur Minerals are down 1.02 per cent at 48.5 cents each
Macarthur Minerals (MIO) has signed a deal with LAVO Hydrogen Technology to investigate the use of hydrogen power at the Lake Giles Iron Project.
LAVO creates hydrogen battery systems, which essentially create hydrogen from water, before converting it into power and generating electricity.
The clean energy business uses its patented metal hydride to store the hydrogen in its battery systems, which has the backing of the University of New South Wales and Providence Asset Group.
Under its strategic partnership and collaboration agreement with MIO, LAVO will supply up to five 40 kWh hydrogen storage units for Macarthur’s worker accommodation facilities in WA.
These remote facilities are being constructed to support Macarthur’s direct shipping ore (DSO) mining operation near Lake Giles and the storage units could be brought on-site as early as Q4.
If all goes to plan, LAVO may then supply additional hydrogen power operations for MIO’s wider Lake Giles mining project.
The two companies will work together to create a fully localised micro-grid engineering solution that includes a hydrogen storage system and fuel cell.
“The first stage of the agreement will allow Macarthur to work with LAVO in the early stages of project planning at Ularring for DSO so that we can examine opportunities for the scale-up of an integrated hydrogen energy technology solution on-site at Moonshine for the magnetite,” MIO CEO Andrew Bruton said.
“This collaboration is also aimed at enabling Macarthur to achieve a clear carbon reduction strategy for its planned future magnetite operations at Moonshine, as it can allow for potential integration with magnetite processing on a modularised and gradual ‘scale-up’ basis over a target 5 to 10-year time horizon.”
Shares in Macarthur Minerals are down 1.02 per cent at 48.5 cents each at 1:20 pm AEST.
