14 February 2022

FRV Australia and Hexagon Energy Materials Limited (ASX:HXG, “Hexagon” or “the Company”) have signed a non-binding Memorandum of Understanding (MoU) that covers a collaboration for a potential clean hydrogen hub at Middle Arm, Darwin in the Northern Territory; a new potential North Western Australia Hydrogen Hub development and other collaborations elsewhere in Australia.

In November 2021 Hexagon and FRV Australia collaborated as consortium partners on an AusIndustry grant application in relation to a Middle Arm, Darwin, Hydrogen Hub Feasibility Study. The application was made under the “Activating a Regional Hydrogen Industry – Clean Hydrogen Industrial Hubs: Hub Development and Design program” and led to this MoU and further collaborations.

Both Hexagon and FRV Australia are already progressing individual clean hydrogen and renewable energy projects at or near Middle Arm, Darwin, each of which are fully funded in terms of pre-feasibility studies. FRV Australia has also secured funding for further studies and the construction stage for its hydrogen and renewable energy project.

FRV Australia has successfully developed nine solar farms in Australia that are currently producing a combined total of [781MW] of electricity sold into the National Electricity Market (NEM) and is currently developing additional projects within the Northern Territory including its 29MW Berrimah Solar Farm where installation of an electrolyser is under assessment. FRV Australia’s team includes green hydrogen plant design and equipment supply specialists, solar engineer professionals, construction and project management professionals and commercial analysts as well as a dedicated asset management team.

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Source: FRV