Greek based Mytilineos Energy & Metals has acquired a 15% equity stake in Clara Energy’s Rosedale Green Hydrogen project located near Gundagai NSW.
Clara Energy’s project plan for Rosedale includes an 800 MW solar farm next to a 560 MW hydrogen plant near Gundagai – roughly the midpoint on the Hume Highway – able to produce enough hydrogen to fuel 800 trucks running the Hume each day. At Stage 1solar capacity will reach 250MW and the hydrogen installation will produce enough hydrogen to be used by 200 trucks.
This investment by Mytilineos will support commencement of Stage 1 of the Rosedale project.
In a statement announcing the purchase of the stake Mytilineos explains:
“Hydrogen is a technology whose benefits are rapid refueling times compared to gasoline or oil depending on the ability to cover longer distances with a single fill. At the same time it is safer than conventional fuels since it is 14 times lighter than air; a narrow vertical flame is produced in the event of a point leak in the tank which does not create a high temperature and does not spread.”
