Shipping Solutions for the Energy Transition
Global Energy Ventures (ASX: GEV) is an energy transition company with a mission to deliver compressed shipping solutions for transporting energy to regional markets. Our business model is to Build, Own and Operate the production, storage and shipping of green hydrogen.
Compression delivers a proven, simple and efficient methodology for the transport of green hydrogen, and with electric drive engines fuelled by onboard fuel cells, the compressed hydrogen ship delivers a zero emission marine transport solution.
In 2020, GEV introduced the world’s first large-scale compressed hydrogen ship and positioned the company as an early mover to fast track the marine transport of Hydrogen. The company’s patent pending, intellectual property is the design of a pressure vessel to enable bulk compressed, non-liquefied, hydrogen storage, in volumes that significantly exceed those offered by other compression technologies. The engineering and design of the ship has benefited from the Company’s long-standing history in developing compressed gas carriers through to final construction approval.
GEV recently achieved American Bureau of Shipping, Approval in Principle for the 2,000t and 430t compressed hydrogen ships.
Compression is the preferred solution for onshore hydrogen transport, but is often overlooked for shipping, due to its lower volumetric energy density when compared to ammonia or liquefied hydrogen (these are the current commonly explored shipping methods by the hydrogen export industry). However, the higher energy density of alternatives requires complex, capital intensive and energy demanding processes.
GEV has demonstrated that the simplicity and energy efficiency of its shipping solution is ideally suited for exporting hydrogen over medium distances (i.e., from Australia to Asia-Pacific) providing a lower delivered cost and eliminating the technical barriers of other transport alternatives.
Board of Directors
MANAGING DIRECTOR & CEO
CHIEF DEVELOPMENT OFFICER
CHIEF OPERATING OFFICER OF GEV CANADA CORPORATION
H2 DEVELOPMENT DIRECTOR
CHIEF FINANCIAL OFFICER