CANBERRA, Aug. 25 (Xinhua) -- Australia's national science agency has created a new venture to develop more efficient green hydrogen production.
The Commonwealth Scientific and Industrial Research Organisation (CSIRO) on Friday announced the establishment of Hadean Energy, will lead the CSIRO's commercialization of its tubular solid oxide electrolysis (SOE) technology.
The technology produces green hydrogen by electrolyzing water using a combination of heat and electricity.
According to the CSIRO, it uses 30 percent less electricity compared to current technologies, reducing hydrogen production costs and greenhouse gas emissions.
Sarb Giddey, lead scientist on hydrogen research at the CSIRO, said in a media release that the development of tubular SOE is a key project that could help heavy industries significantly reduce emissions.
"CSIRO's SOE technology has the potential to produce hydrogen at a higher efficiency and lower cost for integration with industrial processes," he said.
"It allows industrial waste heat to be integrated back into the industrial processes, which decreases the electrical energy required to produce hydrogen or syn-gas by up to 30 percent.
"It's great news for industry, because integrating the hydrogen product back into industrial processes onsite also eliminates storage and transport costs while drastically reducing the use of fossil fuels in the industrial process."
The technology will be trialed at Australian steel manufacturer BlueScope's steelworks in Port Kembla, New South Wales, from April 2024.
Australia's annual State of Hydrogen report, released in April, found the country has approximately 40 percent of all announced global hydrogen projects and estimated the domestic industry could be worth 50 billion Australian dollars (32.07 billion U.S. dollars) by 2050. Enditem
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