HYREA Awarded BRII Government Grant for Feasibility Study on Green Hydrogen for Fishing Industry

HYREA is pleased to announce it has been awarded an $100,000 grant from the Australian Government Department of Industry, Science, Energy and Resources as part of the Business Research and Innovation Initiative (BRII). The funding will support a feasibility study aimed at assessing the potential of using HYREA’s green hydrogen technology to reduce emissions in the fishing industry.

HYREA’s technology is uniquely suited to tackle decarbonisation challenges in the maritime sector. It allows hydrogen to be generated onboard vessels from water, using proprietary hydrogen pods that are safe, efficient, and easy to store. This approach addresses several challenges in hydrogen storage and transportation, making it a more practical fuel option for the fishing industry.

The feasibility study will focus on two main areas:

1.      Technical Viability: In partnership with Knud E Hansen, a ship design consultancy, HYREA technology will be assessed for suitability of application different types of fishing vessels. The study will also explore how the technology can be integrated into existing vessels and new builds.

2.      Cost Assessment: Arche Energy, a clean energy advisory group, will examine the production costs and scalability of the hydrogen technology, providing insights into its commercial viability.

Australian Longline, leader in adoption of sustainable and ethical fishing practices, will provide strategic advice.

“This grant funding recognises the potential of our onboard production of on demand hydrogen technology to address the pressing issue of decarbonising our maritime sector and producing green hydrogen in a more sustainable manner,” said Professor Ilya Shadrivov, founder of HYREA.

The HYREA team is excited to have been awarded funding for this project and looks forward to working with the BRII team and our project partners.