Green Cat Renewables has invested an undisclosed sum in Eneus Energy to develop renewable energy-powered ammonia production sites and boost the use of hydrogen fuel. Eneus converts hydrogen, which is expensive to store and move, into ammonia. The company said it would invest up to $US1 billion ($A1.15 billion) over five years on its new plants that will be built at a cost of about A$120 million each. Ammonia can also be used with existing fuels which need pure hydrogen.
Green Cat Renewables has invested an undisclosed sum in Eneus Energy to develop renewable energy-powered ammonia production sites and boost the use of hydrogen fuel. Eneus converts hydrogen, which is expensive to store and move, into ammonia. Green Cat said transporting and storing green ammonia would make hydrogen more competitive as a vehicle and heating fuel, and potentially for grid balancing. Ammonia can also be used with existing fuels which need pure hydrogen.