GreenHy2 Limited (ASX: H2G): From R&D to Real-World Energy Storage
Key Takeaways:
- Completed $1.5M Telstra Project with matched government funding delivered on time and under budget
- Replaced lithium-ion with low-pressure hydrogen batteries, cutting prior system costs by more than 50%
- Essential Energy pilot showed 100% uptime over 12 months
- Over $100M in active tenders across Australia, Fiji, and Pacific Islands
- Fully recyclable system with zero thermal risk and up to 500,000 cycles
The Real Problem: Everyone wants batteries. Not everyone Can Rely on Them.
Energy storage is booming. But most battery solutions are either too risky, too short-lived, or too expensive especially for remote or off-grid applications.
That’s where GreenHy2 comes in.
By using low-pressure hydrogen and graphene-based supercapacitor tech, the company is offering a non-flammable, long-life storage alternative that can handle over 500,000 charge cycles without the fire risk or replacement headaches of lithium-based systems. And in FY25, it didn’t just stay in the lab. It proved itself.
From Field Test to Full-Scale Traction
The biggest milestone? The $1.5 million Telstra trial, which deployed hydrogen energy storage into a real-world telecom application co-funded by the federal government. Not only did it come in under budget, but it also used an upgraded LPH battery system that halved previous costs.
GreenHy2 also completed a 12-month pilot with Essential Energy, which ran with 100% uptime, and is now leading to larger multi-unit talks.
Across the board, systems are fully recyclable, contain no lithium, and are thermally safe, with zero risk of explosion or overheating - key factors for buyers in telecom, utilities, and island grids.
What’s Next?
With tenders now exceeding $100 million, GreenHy2 is shifting gears - from builder to bidder.
Current trials are running across Australia, Fiji, and the Pacific. Meanwhile, the company secured $1.1 million in funding, brought costs down to $100k/month, and retained zero debt. An additional $342k in R&D incentives supports its rollout phase.
This isn’t a prototype anymore. It’s a platform.
Final Word
GreenHy2 isn’t chasing commodity margins. It’s building a future-proof storage backbone for markets that need safe, smart energy now.
For anyone tracking where hydrogen meets real-world reliability, this one’s worth watching.
Wave Energy gets real: How Carnegie’s CETO
Tech is surfing into Europe
From grant wins to grid-ready trials - this is the energy transition, in motion
Key Takeaways:
- 1.17M euros advanced funding secured for Spain’s first CETO deployment
- Partnered with SKF to manufacture 3 critical PTO units for European grid trial
- CETO prototype set to run 2 years at the Basque Marine Energy Platform (BiMEP)
- Control systems testing completed; grid integration moving ahead
- Investor-backed loan and bonds in place for execution stability
The Problem: Renewable Supply Is Growing but It’s Not Always Reliable
Solar only works when the sun is out. Wind can’t be controlled. But the ocean? It never stops moving.
Carnegie Clean Energy Limited (ASX: CCE) is bringing that steady motion into the energy mix. With its CETO wave energy technology, the company is moving from years of development to a funded, commercial-scale demonstration in the Basque region of Spain. Through the ACHIEVE project, it’s executing a trial with full European regulatory and financial backing bridging the gap between prototype and production.
The Execution: Hardware is ready, Deployment is next
This isn’t theoretical anymore.
With 600,000 euros committed under a BiMEP agreement, and additional payments secured from Basque and Spanish authorities, Carnegie is now mobilising offshore deployment. SKF is manufacturing the project’s core PTO components, and the control system has passed testing. All of this supports a two-year operational trial at a grid-connected site designed for marine energy validation.
Final Word
Wave energy isn’t the future. It is the present.
With funding in hand, hardware in production, and execution underway, Carnegie is proving what most energy startups only talk about: ocean power that works, scales, and connects to the grid.
(Source: Company Announcements)
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.
