Sparc Technologies Ltd (AU:SPN) has released an update.
Sparc Technologies Ltd has reassured investors that recent organizational changes at Fortescue Ltd will not affect the Sparc Hydrogen joint venture’s commitment to advancing their innovative green hydrogen technology. The technology, which relies on photocatalytic water splitting powered by sunlight, is poised to offer a cost-effective and scalable alternative to traditional electrolysis methods for green hydrogen production. Sparc Hydrogen aims to revolutionize the hydrogen industry with their modular, sunlight-driven system that could deliver significant infrastructure and electricity savings.
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