Lion Energy Limited (“Lion”) is pleased to report that it has signed a General Equipment & Procurement Agreement (“GEPA”) with Fueltech Hydrogen Pty Ltd (“Fueltech”), an Australian company, for the supply of a refuelling package and tube trailers for the new Port of Brisbane Pty Ltd (“PoB”) green hydrogen hub site announced March 3, 2023. The package is a key component of the hub that is geared towards heavy mobility fleets, with an initial focus on back to base public bus fleets.
- Lion signed a binding contract to procure refuelling and tube trailer packages from Fueltech for a total price of approx. US$1.8 million.
- Equipment includes a compressor, storage banks, dispenser, and two tube trailers.
- The package is scheduled for delivery in September 2023.
- The equipment is capable of refuelling zero-emission hydrogen buses in less than 10 minutes on a back-to-back basis.
Tom Soulsby,
Lion’s Executive Chairman
“ Lion has been working closely with the bus industry on their specific requirements around refuelling reliability and speed as part of its broader green hydrogen to industry strategy announced in 2022. The Fueltech refuelling and tube trailer package meets all the special requirements of the bus industry. The speed of order and delivery to Lion is a function of the special relationship that Lion has with the Censtar Group for refuelling, as disclosed in an MOU signed with the Censtar Group in July 2021. ”