Halycon Power to pilot hydrogen production using geothermal energy
In December 2017, the Trust entered into a Memorandum of Understanding with Obayashi Corporation of Japan to pilot the production of hydrogen.
The plant will use renewable geothermal energy produced at the Trust’s geothermal power station at Mokai, 28 km north-west of Taupō.
Halcyon Power was established by the Trust and Obayashi Corporation under the terms of a joint venture signed in Taupō in November 2018.
Halycon Power aims to research the development and viability of hydrogen production in New Zealand and the development of domestic and export markets.
A 1.5 megawatt hydrogen plant is to be constructed at Mokai in 2019. The plant is scheduled to be operational in 2020.
Obayashi Corporation of Japan
Established in 1892 and headquartered in Tokyo, Japan, our venture partner Obayashi Corporation, operates in multi-faceted projects including in civil engineering and building construction. Obayashi has representative offices in 14 countries and more than 14,000 employees.
Tuaropaki contributes to the development of a lower carbon economy in New Zealand and Japan
The Trust has built up expertise in renewable geothermal energy since the opening of its Mokai geothermal power station in 2000.
Our hydrogen venture aligns with our values of looking after our environment and championing the research and development of alternative renewable green energy.
The Trust is delighted to be contributing to the development of the future energy needs of New Zealand and Japan through Halcyon Power.
In a world-first with Japan, the New Zealand government signed a Memorandum of Cooperation with the government of Japan in October 2018.
This agreement aims to foster the development of hydrogen technology between the two countries.
The Trust is pleased to be making a domestic and international contribution to a global quest to move away a reliance upon fossil fuels and creating a lower carbon economy.