GreenHy2 Ltd
(ASX:H2G) Share Price and News
Key Statistics
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
Resolute Mining (ASX:RSG): The government of Mali strikes again
Resolute Mining (ASX:RSG) is not the first resources company to have been targeted by the government of Mali – just…
Qantas Airways Shares: What’s Driving the Growth for FY25 and Have the Scandals of the Alan Joyce Era Been Left Behind?
Should you look at buying Qantas Airways Shares? Shares in Australia’s flag carrier finally surpassed pre-COVID highs in August 2024…
AUD to SGD Forecast: Trends, Influences and Predictions
The AUD to SGD forecast is a vital factor for traders, investors and anyone engaged in business or travel particularly…
Investors are wrong about Blackstone Minerals’ (ASX:BSX) Ta Khoa project, but here’s why big things are coming in the next 6 months
Blackstone Minerals (ASX:BSX) and its Ta Khoa project have been misperceived by investors. You’d be forgiven for thinking BSX is…
Is the AI boom another dot com bubble?
Is the AI boom another dot com bubble? That is what many investors are wondering as AI (Artificial Intelligence) grows…
Propel Funeral Partners (ASX:PFP): The last surviving funeral provider on the ASX
It is said the only certainties in life are death and taxes and Propel Funeral Partners (ASX:PFP) is the only…
Frequently Asked Questions
GreenHy2 specializes in developing Solid State Hydrogen Storage Batteries integrated with 100% renewable energy generation.