Sparc Technologies signed an settlement with its companion (and shareholder) the College of Adelaide to co-develop ultra-green hydrogen expertise.
Sparc Tech, along with the College, will kind a joint-venture known as Sparc Hydrogen (72% owned by Sparc Tech). The brand new firm will develop a course of that may produce hydrogen based mostly on thermo-photocatalysis, which makes use of the suns radiation and thermal properties to transform water into hydrogen and oxygen.
Sparc Applied sciences will develop graphene coatings for use on this course of and enhance its effectivity.
The patented expertise used on this undertaking was developed on the College of Adelaide, along with Flinders College. Whole funding thus far, by the 2 Universities, was $2.5 million AUD.
To help this new JV, Sparc Applied sciences introduced it has obtained agency commitments to boost $2.8 million AUD by way of a placement of shares.