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Endua receives funding for hydrogen-powered energy module – EQ Mag Pro

Endua receives funding for hydrogen-powered energy module – EQ Mag Pro

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Endua’s proposal to develop modular hydrogen-powered energy generation and storage systems has received a financial boost from the Australian federal government, which has awarded it nearly AUD 1 million ($719,800) to assist it in commercializing its innovations.

Endura, based in Brisbane, plans to build modular hydrogen power banks using new electrolysis technology developed by Australia’s Commonwealth Scientific and Industrial Research Organization (CSIRO). Endura is one of 22 businesses that will receive funding totaling more than AUD 12.2 million ($8.8 million) to commercialize their ideas.

The awards are part of a government program aimed at assisting Australian businesses in growing, commercializing ideas, and attracting more investment in order to expand into new domestic and international markets.

Endua has been awarded a grant of AUD 998,269 to commercialize its hydrogen-powered energy storage technology, which is intended to provide off-grid consumers with sustainable, reliable, and inexpensive electricity. It intends to create clean energy generation and storage in the form of a modular power bank capable of driving up to 150 kW of electricity in a single pack.

The startup will manufacture hydrogen in its gadget, which will store and deliver renewable energy, using CSIRO electrolysis technology. Batteries provide backup power, but Endua’s goal is to supply renewable energy that can be stored in vast numbers, enabling off-grid infrastructure and communities to be self-sufficient.

Endua CEO Paul Sernia, the founder of EV charger manufacturer Tritium, stated that the hydrogen-based technology will enable rural communities, towns, and industries such as mines and remote infrastructure to become self-sufficient on renewable energy alone.

Endua’s power bank technology will initially target the off-grid diesel generator industry, which consumes $1.5 billion in diesel annually and emits 200,000 tons of carbon dioxide.

Endua’s power bank technology will initially target the off-grid diesel generator industry, which consumes $1.5 billion in diesel annually and emits 200,000 tons of carbon dioxide.

Source: energynews
Anand Gupta Editor - EQ Int'l Media Network