Wind Hydrogen

Petroleum
July, 2007 Page: 59

Renewable energy hopeful Wind Hydrogen has opened a $12 million IPO to fund its portfolio of proposed projects in the United Kingdom and Australia. In its prospectus, the Sydney-based company said it aimed to develop wind farms in attractive regimes and where feasible, in conjunction with its patented hydrogen balance system.

Chairman Neville Wran said hydrogen and wind energy complemented each other. "Hydrogen balancing provides a means of addressing the issue of wind variability by creating hydrogen through electrolysis from off-peak wind energy, and combusting that fuel during high demand peak periods;" Wran said. Upon its expected August 10 listing date, Wind Hydrogen intends to have a $32 million market capitalisation.