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Sydney-listed Elixir Energy (EXR) gives market update on green hydrogen project in Mongolia’s South


Sydney-listed Elixir Energy (EXR) has provided a market update on operations at its green hydrogen project in Mongolia’s South Gobi region.


Mongolian subsidiary GOH Clean Energy has announced plans to acquire special purpose vehicle Solar Ilch for 720,000 Elixir shares. Solar Ilch owns various rights to South Gobi’s undeveloped Solar Ilch 50 MW solar project.


The project is on a long-term land lease agreement with the local government. Various development regulatory processes have been met.


GOH Clean Energy said it has ordered a solar monitoring unit from Australian company Fulcrum. It will be installed to provide data that will assist project funding capacity.


Elixir, which has said it considers Mongolia one of the best locations in the world to produce green hydrogen, said it has received a legal study into the regulation of hydrogen projects in Western Australia. The study was commissioned to examine how green hydrogen is regulated in a mature jurisdiction.


Elixir added that its current anticipation is that few, and perhaps no, material legal changes would be needed for green hydrogen production to commence in Mongolia.


A concept stage study has also been ordered for a pilot project to supply green hydrogen to Inner Mongolian steel mills in China.


Elixir’s managing director Neil Young, meanwhile, has been appointed founding board member of non-government organisation Future Energy – Mongolian Hydrogen Council. The organisation promotes the development of hydrogen in Mongolia to multiple stakeholders, both local and international.


Reference:

Elixir Energy (ASX:EXR) updates market on hydrogen progress in Mongolia – The Market Herald

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