TNG Limited has signed a project development agreement with Malaysian-based AGV Energy & Technology to jointly and exclusively develop green hydrogen projects in Australia using the HySustain production technology.

The joint venture’s ultimate objective is to develop multiple HySustain production plants around Australia to diversify production and service green hydrogen demand and emerging regional hydrogen markets, with a focus on Australia, Japan and South Korea. 

AGV Energy has developed HySustain in conjunction with its global development partners to produce green hydrogen and oxygen using the electrolysis of demineralized water and 100% renewable energy. The technology is well advanced, based on the results from a test plant in Europe to validate its operational and commercial feasibility.

TNG executed a Heads of Agreement with AGV Energy in June to collaborate on opportunities for vanadium redox flow battery (VRFB) and green hydrogen technology integration in Malaysia and Australia. The parties have since advanced detailed discussions on a standalone green hydrogen project development strategy for Australia, including the identification of an initial project opportunity in Northern Australia, resulting in the execution of this project development agreement.

"We are very pleased to partner with TNG to collaborate on opportunities for implementation of the HySustain Technology in Australia. We believe Australia possesses all of the necessary elements required to support development of a competitive and sustainable green hydrogen industry capable of servicing growing demand in the Asian region for clean energy and hydrogen applications," said AGV Energy’s Managing Director CEO Alfred Adaikalaraj.