GreenHy2 Ltd
(ASX:H2G) Share Price and News
Introduction to GreenHy2 (ASX:H2G)
GreenHy2 (ASX:H2G) is a provider of Solid-State Hydrogen Storage (SSHS) batteries. The technology leverages metal hydrides for hydrogen storage, storing the hydrogen molecules directly in a ferrous titanium lattice.
It is the only provider of this kind of technology resolving the issue of energy storage in a way that is environmentally-friendly (by not relying on fossil-fuel-backed diesel generators) and safe.
The eight key benefits are: Environmental sustainability, exceptional density, ability to operate at an extremely low pressure, an extended lifespan and reliability, the ability to store power indefinitely, reduced safety concerns, versatility and uniqueness.
GreenHy2's History
The company was incepted in 2011 by Charlie Bontempo. It was formerly known as Tempo Australia, only changing its name in 2022. The technology owned by the company was developed in Germany with GKN. H2G and GKN have the exclusive right to integrate, assembly and supply the equipment in Australia and New Zealand, as well as the right to act on a non-exclusive basis throughout Southeast Asia on a project-by-project basis subject to GKN's approval.
Future Outlook of GreenHy2
GreenHy2 is at an early stage but has a handful of key partnerships with industry players. In particular, it has run a 12-month trial with Essential Energy to use its hydrogen-powered batteries to power a heritage accommodation cottage on the NSW North Coast.
Is GreenHy2 Ltd (ASX:H2G) a Good Stock to Buy?
Investing in GreenHy2 presents a futuristic opportunity, albeit with risks typical of an early-stage company in an early-stage sector like Hydrogen. Overall, there's too much risk for most investors (particularly retail investors) to consider it.
Our Stock Analysis
Which will be the next ASX gold stocks to be acquired? Here are 3 possible candidates
Investors are wondering which will be the next ASX gold stocks to be acquired. There has been a flurry of…
Bellevue Gold (ASX:BGL): One of Australia’s newest gold producers is down >50% from its peak? Is it a takeover target?
Bellevue Gold (ASX:BGL) is one of Australia’s newest gold producer, but one of the few gold stocks to be struggling.…
XPON Technologies (ASX:XPN): Here’s why its shares skyrocketed >300% in just a few hours
XPON Technologies (ASX:XPN) achieved something today (Monday May 5) that few companies achieve – rising more than 200% in a…
Warren Buffett is retiring, will hand the top job at Berkshire to Greg Abel by the end of 2025. Here’s what you need to know
After many decades at the helm of Berkshire Hathaway, Warren Buffett is retiring. After founding his empire in 1965, he…
Here are 4 of the worst red flags for stocks that you need to watch out for
Investors should always be on the look out for red flags for stocks. We’re talking about subtle signs that may appear…
Capricorn Metals (ASX:CMM): Its sequel gold mine will be even better than the original
Capricorn Metals (ASX:CMM) is one of several gold miners on the ASX that has slid under the radar of many…
Frequently Asked Questions
GreenHy2 specializes in developing Solid State Hydrogen Storage Batteries integrated with 100% renewable energy generation.