Green Hydrogen

Partnering/Collaboration Strategy

Lion Energy entered into a definitive joint development agreement (“JDA”) with DGA Energy Solutions Australia Pty Ltd (“DGA”), a wholly owned subsidiary of Mitsubishi Corporation, and Samsung C&T Corporation (“Samsung C&T”) in August 2024 to jointly develop its green hydrogen hub at the Port of Brisbane (“PoB Hub”). Under the JDA, DGA and Samsung C&T will each acquire a 25% interest in the project by contributing a total of A$3.7 million to cover historical and ongoing pre-construction costs. Upon mutual agreement to commence construction, they will secure debt financing amounting to A$6.3 million, ensuring the project’s full funding.

The involvement of global players like DGA and Samsung C&T reflects confidence in the significant potential of green hydrogen in Australia.

This collaboration positions Lion Energy to serve key industries across Queensland with hydrogen offtake interest naturally following. The initial markets will likely be industrial customers displacing grey hydrogen to green hydrogen, fuel-cell generator sets, and heavy mobility players such as bus operators and truck fleet managers. The PoB Hub is expected to create a blueprint for additional green hydrogen hub-and-spoke facilities across Eastern Australia, thereby supporting the heavy mobility transportation industry’s transition to zero emissions.

Through these strategic partnerships and initiatives, Lion Energy is poised to be a leader in Australia’s green hydrogen sector, driving the transition to a sustainable, zero-emission future.