“The potential for large-scale underground salt cavern hydrogen storage”

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The Company has Identified and secured a rare opportunity in the development of giga-scale hydrogen projects – with the potential for large-scale underground salt cavern hydrogen storage.

entX holds gas storage exploration tenure over the entire onshore area of the Polda Basin, located on the Western Eyre Peninsula of South Australia recognised as:

• A tier one location for wind energy
• High potential solar power region
• Access to deep water port – export infrastructure and domestic supply markets
• Access to regional population centers and agricultural communities.

Exploration and definition of salt caverns within entX’s tenure is expected to commence Q2 2023.

Bloomberg NEF reports levelised cost of hydrogen storage: engineered tanks US$2.30; depleted gas field US$1.90/kg; rock cavern $0.71/kg; salt cavern $0.23/kg

Project Highlights: Infrastructure-scale hydrogen generation enabled by large-scale, cost-effective storage capability; Potential multi-user product offtake from export commodity products to grid-firming.

Read about our Kimberly-Clark Australia Green Hydrogen Supply project.