Global energy consultancy Xodus is architecting a new green hydrogen project based in the Mid-West region of Western Australia which will scale up to 1000 MW of electrolyser capacity. MercurHy is an export scale project which aims to supply green hydrogen whilst leveraging economies of scale, particularly regarding the supply and purchase of renewable energy. Investor engagement is underway as the company targets equity funding for the project from experienced capital and infrastructure partners interested in commercial green hydrogen progressing. The project provides for a total electrolyser capacity of 1000 MW being installed over three phases: 150 MW in Phase 1; 500 MW in Phase 2; and 1000 MW by the end of Phase 3. The intent behind scaling the project in this way is two-fold, initially to allow the market for green hydrogen sufficient time to develop and then to capitalise on future electrolyser price reductions. Xodus continues to progress the commercial strategy for the project, having entered into a memorandum of understanding for hydrogen supply with ASX-listed VRX Silica, a company with long-life, high-quality silica sand projects in Western Australia and plans for the manufacture of solar panels locally to supply national and international demand. Xodus has also advanced discussions with other potential offtakers and has the support of local landowners and the Western Australian government.
Global energy consultancy Xodus is architecting a new green hydrogen project based in the Mid-West region of Western Australia which will scale up to 1000 MW of electrolyser capacity. MercurHy is an export scale project which aims to supply green hydrogen whilst leveraging economies of scale, particularly regarding the supply and purchase of renewable energy. Investor engagement is underway as the company targets equity funding for the project from experienced capital and infrastructure partners interested in commercial green hydrogen progressing. The project provides for a total electrolyser capacity of 1000 MW being installed over three phases: 150 MW in Phase 1; 500 MW in Phase 2; and 1000 MW by the end of Phase 3. The intent behind scaling the project in this way is two-fold, initially to allow the market for green hydrogen sufficient time to develop and then to capitalise on future electrolyser price reductions. Xodus continues to progress the commercial strategy for the project, having entered into a memorandum of understanding for hydrogen supply with ASX-listed VRX Silica, a company with long-life, high-quality silica sand projects in Western Australia and plans for the manufacture of solar panels locally to supply national and international demand. Xodus has also advanced discussions with other potential offtakers and has the support of local landowners and the Western Australian government.
