ASX Announcement
GreenHy2 signs $1.5M Agreement to Supply Hydrogen Storage System to Telstra
Thursday 3 October 2024
GreenHy2 Limited (ticker “H2G”) is pleased to announce that we have signed a Federal Government Grant to provide our Hy2MEDI generation and storage system to Telstra. The System, valued at $1.5M, will be funded by the Australian Government, Department of Infrastructure, Transport, Regional Development, Communication and the Arts from the Telecommunications Disaster Resilience Innovation (TDRI) Program, Power Resilience Round.

The Hy2MEDI for this Project has been specifically designed, using GKN Hydrogen technology, for the Telecommunications industry and operates at 48-50VDC specifically for Telecommunications equipment. The system is highly redundant and is designed to operate through natural disasters or other events which may impact both emergency and community telecommunications.
Future
The Total Project, costing $3M and includes $1.5M of Telstra funding, will optimise the current configuration to ultimately provide the highest performing robust telecommunications solution and enable roll-out to all critical infrastructure sites for both fibre optic repeater stations and mobile towers; transitioning to a renewable and non-diesel future. Telstra currently has over 9,000 diesel supported telecommunications installations across Australia and many more throughout Southeast Asia and the Pacific Islands. Telstra owns Digicel Pacific a mobile network operator in the Pacific including Fiji, Papua New Guinea, Vanuatu, Samoa, Tonga and Nauru where the technology is highly applicable.