Lochard Energy received $2 million funding from the Australian Renewable Energy Agency (ARENA) as part of ARENA’s Advancing Renewables Program for an 18-month feasibility study into the viability of storing hydrogen underground in our existing reservoirs near our Iona Gas Storage Facility

The Feasibility Study includes the following activities:

• Further investigate the underground reservoirs to assess if hydrogen can be stored safely underground and confirm the expected quantity of hydrogen that can be stored;

• Develop concept designs for a possible pilot facility and commercial scale development;

• Assess site location options for both the pilot and commercial development concepts using a Multi-Criteria Assessment (MCA) and community, Traditional Owner and landholder consultation;

• Undertake stakeholder and community engagement to understand public sentiment and views that can be considered in the development of the Project; and

• Undertake economic analysis to understand commercial viability of the Project and studies to understand how the Project might commercially support the energy transition.