After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*. The Motley Fool Australia has no position in any of the stocks mentioned. Similarly, there would need to be government and regulatory support through the various permitting stages, and it could be argued that the project would be a ‘’where there’s a will, there’s a way’’ story from a government perspective. Today, PRL announced that it has appointed ERM as lead approvals consultant at its HyEnergy ZERO CARBON HYDROGEN TM Project in the Gascoyne Region of Western Australia. Microsoft and partners may be compensated if you purchase something through recommended links in this article. Province Resources (ASX: PRL) is a natural resources company focused on the green energy market, investigating the world class wind and solar resources of the Gascoyne Region at the HyEnergy ZERO CARBON HYDROGEN™ Project. An Australian-built project that commits to supplying Australian consumers first would be a great vote winner. As home to many other large resource projects, governments and corporations have already established deep relationships with important global partners and the related collaborative globally competitive supply chain benefits can be drawn on by Province. 296877). PRL's Hydrogen will be Green AND Zero Carbon Australia's potential zero carbon hydrogen exports could reach $2.2 billion by 2030 and $5.7 billion by 2040. Formally Scandivanadium (ASX: SVD), PRL has entered into a conditional agreement to acquire a company which holds seven license applications in the Gascoyne region of WA, which are suitable for developing a renewable green hydrogen project. But if Fortescue can implement its green manufacturing plan through the use of hydrogen, we might be able to produce steel locally. The optimum end-game would be full-scale production to supply Asian markets, as well as multiple markets in Australia. Fortescue Metals Group Limited (ASX: FMG) Fortescue Metals Group is well known for its iron ore … PRL announced acquisition of a Zero Carbon Hydrogen project located in the north of Western Australia. There are also plans to develop a massive new renewable hydrogen production facility near Kalbarri in Western Australia, with up to 5,000MW of combined solar and wind projects to supply it. PROVINCE RESOURCES (ASX:PRL) This former battler is up 438 per cent since announcing plans to buy the HyEnergy zero carbon hydrogen project in WA last month. On that note, hot on the tail of the lithium trend, hydrogen energy is another potential innovation in the renewable energy space being closely watched by investors. Really, it … Since then, the Province Resources share price has fallen back to the current level of 8.5 cents at the time of writing, up 750% in 12 months. On the back of climate commitments in Europe and Asia, nearly half of the globe has already embraced net zero policies; further, early statements from the pending new US Administration appear encouraging. PRL is looking to become an Australian leader in green hydrogen production, through its Zero Carbon Hydrogen Project TM. It would be the only ASX listed junior to do this, giving investors an excellent early entry point into this growing market. While achieving this goal would be no mean feat, management has definitely demonstrated that it has its finger on the pulse in measuring global sentiment for such a commodity. The timing couldn’t be better in terms of demand growth as it is being driven by global and local government commitments to renewable energy, industry developments such as vehicles that will be able to run on renewable hydrogen, and a seemingly unquenchable thirst from capital investors. In our own backyard we have one of Australia’s most successful entrepreneurs in Andrew ‘Twiggy’ Forrest saying: “Green hydrogen gives Australia an opportunity to slash our emissions – and if we get this right, the impact could be nothing short of nation-building.’’. The goal of the project is to use the premium solar and wind energy resources, along with desalinated seawater, to produce renewable hydrogen to Asian markets, with an eye to Japan and Korea. Western Australia’s geographical proximity to Asia and its long-term presence in these markets is another strategic benefit. The information contained in this report is general information only. It’s no secret that alternative energy sources are gaining interest. Once again, very low competing land use and a high solar resource as illustrated below makes the project area ideal for a large-scale solar array network. ASX companies investing in green hydrogen projects. Province is a different story in that it is looking to progress this potential project at such a time that it could be considered an early mover, an advantageous position in terms of attracting investor interest (including government investment) and tapping into high-demand markets. 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The Province Resources share price was plodding along, not doing too much for most of the year until recently. Even though PRL's new project is very early stage, the market clearly liked the new Zero Carbon Hydrogen theme, sparking a fast rise in the PRL share price... probably a bit too fast. Any advice is general advice only. So let’s take a look at four ASX companies with exposure to hydrogen. HelloFresh Offer Revealed: Get 40% Off Over Your Next 4 Deliveries Now! Article 07-Jan-2021 $ 0.013 Our Stock Picks for 2021 Article 05-Aug-2020 Hydrogen from fossil fuels, primarily natural gas, produces carbon as a by-product and is against the norms of zero emissions. The State also benefits from low intensity land use and low population density. These may be at ports, in cities, or in regional or remote areas, and will provide the industry with its springboard to scale. More specifically, Province is targeting Carnarvon, and as indicated below that region has the natural resources, land characteristics and existing infrastructure to host such project. Three-year total return: +45.7% a year. This comes at a time when nearly half the globe has already embraced net zero policies. Located in the Gascoyne region of Western Australia, HyEnergy is projected to generate 1 gigawatt (1,000 megawatts) of renewable energy to generate approximately 60,000 tonnes of green hydrogen. The process involves passing high voltage direct current through water which breaks the compound into its constituent elements. Feasibility Studies Data Collection has commenced with the installation of the first Fulcrum3D SODAR … This article contains general investment advice only (under AFSL 400691). Arguably, many ASX investors are becoming more forward-looking with their investments, rather than making decisions based on lagging indicators. This enables competitively priced predictable and firm renewable electricity output, 365 days a year. Earlier this month, the company inked an MOU with French renewable power producer Total Eren to complete a feasibility study for the HyEnergy Zero Carbon Hydrogen Project near Carnarvon The multi-project, multi-commodity acquisition set Province back $750,000 in shares, 50 million performance shares and $80,000 cash Hydrogen is high energy, safe, flexible and clean fuel that can be used to power vehicles, generate electricity and produce heat, all without carbon emissions. Following the announcement of the company’s acquisition, Province Resources shares skyrocketed from 2.6 cents to 14.5 cents.
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