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.