Pure Hydrogen is a clean energy-focused company seeking to become the leader in the development of Hydrogen and Energy Projects. It has plans to supply hydrogen fuel as a domestically sourced clean fuel in Australia and other countries. Coupled with its controlling shareholding of HDrive offering an expanding line of Hydrogen fuel cell and electric commercial vehicles to customers seeking to reduce their emissions. Pure Hydrogen has a number of solutions that can allow transition to Zero Emissions (ZE) for commercial customers. Concurrently, the Company is developing natural gas projects directly in Australia and indirectly in Botswana through a strategic investment it holds in a Botswana-focused energy company listed on the ASX.
Strategically, Pure Hydrogen will also prioritise incubation for early-stage companies or projects within the clean energy sector, with the aim of realising profits from those investments.
Cash: AUD6M
Debt: /
Major shareholder:
Management ownership – 9%
Scott Brown – Managing Director
Scott has over 30 years’ experience as a director and an executive with ASX-listed companies, specialising in the technology, energy and resources sectors. He has held senior executive roles and directorships at several companies including Real Energy, Objective Corporation, Allegiance Mining and Mosaic Oil. Scott is the cofounder of Pure Hydrogen.
Over the past 12-24 months, Pure has observed a significant increase in interest from global capital markets and from potential customers in the United States, Europe, UK and the Middle East for hydrogen solutions and the hydrogen sector generally. The 121 conference presents an opportunity for Pure to speak directly with investors who have an interest in the space and discuss where commercial opportunities are emerging.
July 2023 – Secured a 60% controlling interest in HDrive International
August 2023 – Signed term sheet with Solo Resource Recovery to trial a hydrogen powered waste collection vehicle
August 2023 – Partnered with Monard Capital Pty Ltd to deliver a $125m hydrogen truck rental facility
October 2023 – Hon. Adam Giles appointed Chairman
November 2023 – Received purchase order for hydrogen fuel cell electric vehicles (HFCEV) from Nutcher Hydrogen
February 2024 – Received a binding order from Wilba Transport on behalf of the NSW government for the delivery of a battery electric EV70 Mini Bus
April 2024 – Delivered two electric mini-buses to Sapphire Coast Buslines in NSW
April 2024 – Leased a 4,000m² site in Queensland to develop first demonstration hydrogen micro-hub
April 2024 – 2nd agreement with Solo Resource Recovery to trial a hydrogen powered waste collection vehicle
May 2024 – Commercial demonstration plant produced hydrogen and graphene powder
June 2024 – Signed term sheet with the City of Newcastle to supply a hydrogen waste collection truck
July 2024 – Signed a MOU with Riverview International Trucks to negotiate distribution and supply of HFC trucks into California
July 2024 – Sales contract with Barwon Water for the Taurus HFC Prime Mover
July 2024 – Signed a MOU with Vietnam ASEAN Hydrogen Club for the supply of buses
August 2024 – Registered Australia’s first HFC Prime Mover in Brisbane, Queensland
3 Months:
Commence construction of the demonstration hydrogen microhub, and complete final safety and quality control testing for several state-of-the-art hydrogen vehicles in the Company’s product suite, including the Taurus Prime Mover and the HFC Garbage Truck.
Pure also has a 40% interest in Turquoise Group Pty Ltd, which is commissioning a demonstration plant in Queensland that makes Graphene and Hydrogen from Methane.
6 Months:
Complete construction and commission first production of Green Hydrogen from the Archerfield hydrogen microhub. Growing the sales pipeline of Zero emission Trucks and Buses for a range of industries.
12 Months:
Grow sales pipeline for the Company’s hydrogen vehicle fleet to domestic and international markets, following completion of all safety and quality control testing. Accelerate rollout of hydrogen infrastructure, led by targeted microhub strategy with selected strategic partners.
The global hydrogen sector is still an emerging economy and is in the early stages of attracting major investment capital. However, Pure Hydrogen remains well-funded to advance its commercial hydrogen strategy with a ‘capex-lite’ approach to infrastructure development, leaving it well placed to benefit as investment in the sector continues to grow with increasing support from policymakers in key jurisdictions.
Pure Hydrogen is unique among its ASX peers, and is also one of the few listed companies globally pursuing a dedicated hydrogen strategy to coincide with the ongoing emergence of the global hydrogen economy. With an extensive background already established with a variety of different hydrogen solutions, Pure is building a unique competitive advantage which will leave it well placed to capitalise alongside the growth of the hydrogen industry in both domestic and global markets.
1. Hydrogen vehicles: Successful transition from product development to commercialisation, with strong sales pipeline underpinned by hydrogen’s inherent advantages as a clean-energy fuel source for the heavy vehicle industry.
2. Hydrogen infrastructure: Building out infrastructure for hydrogen supply through a low-capex partnership approach; targeting diversified hydrogen production networks with capacity to scale.
3. Near-term news flow: Completion of final safety testing for leading hydrogen vehicle suite, including Prime Mover truck and Waste Collection truck, along with commercial demonstrations of Turquoise and Green hydrogen production from established manufacturing sites.