Hydrogen

Verdant enlists NT’s ex-chief minister to push big Darwin green hydrogen plan

Published by

Verdant Earth Technologies, a small energy company chaired by former NT chief minister Adam Giles with big plans for exporting green hydrogen, is in talks with Darwin Port to create a green hydrogen export hub in the Top End.

Verdant Earth – previously known as Hunter Energy – recently acquired Monarch Hydrogen, which is in the process of building a $43 million hydrogen plant near Newcastle that it hopes will produce 6.5 tons a day of compressed hydrogen by next year.

Verdant’s only other operation is also a work in progress – a plan to convert the old coal-fired Redbank Power Station in NSW’s Hunter region into 150 megawatt biomass plant. But the company says it has bigger plans for a 50MW battery facility, a 40MW solar farm and a 70MW gas plant. It also says it plans to “scale up” its hydrogen manufacturing.

The company has been talking to Darwin Port about turning Darwin into a hydrogen export hub. RenewEconomy contacted both Verdant and Port Darwin, but neither had responded at time of publication so the details of the talks remain limited.

But the company’s seemingly grand plans are lent some plausibility by the fact it lists its chairman-elect as Adam Giles, the former the chief minister of the Northern Territory – a man who you would assume has some significant sway in Darwin.

Verdant CEO Richard Poole said: “Hydrogen continues to attract greater support from the Australian Government, with the recent federal budget commitment of a further $1.6 billion to fund priority technologies, including clean hydrogen.”

“Verdant Earth Technologies is working to help establish Australia as a major green hydrogen producer and exporter.

“A strategic alliance with Darwin Port would pave the way for the establishment of a green hydrogen hub at Australia’s nearest port to Asia and the country’s ‘northern gateway’ for Australasian trade.”

James Fernyhough is a reporter at RenewEconomy. He has worked at The Australian Financial Review and the Financial Times, and is interested in all things related to climate change and the transition to a low-carbon economy.

James Fernyhough

James Fernyhough is a reporter at RenewEconomy. He has worked at The Australian Financial Review and the Financial Times, and is interested in all things related to climate change and the transition to a low-carbon economy.

Share
Published by

Recent Posts

New Year begins with more solar records, as PV takes bigger bite out of coal’s holiday lunch

As 2025 begins, Victoria is already making its mark on the energy landscape with a…

3 January 2025

What comes after microgrids? Energy parks based around wind, solar and storage

Co-locating renewable generation, load and storage offers substantial benefits, particularly for manufacturing facilities and data…

31 December 2024

This talk of nuclear is a waste of time: Wind, solar and firming can clearly do the job

Australia’s economic future would be at risk if we stop wind and solar to build…

30 December 2024

Build it and they will come: Transmission is key, but LNP make it harder and costlier

Transmission remains the fundamental building block to decarbonising the grid. But the LNP is making…

23 December 2024

Snowy Hunter gas project hit by more delays and blowouts, with total cost now more than $2 billion

Snowy blames bad weather for yet more delays to controversial Hunter gas project, now expected…

23 December 2024

Happy holidays: We will be back soon

In 2024, Renew Economy's traffic jumped 50 per cent to more than 24 million page…

20 December 2024