(Sydney/Australia) – Australian family-run investment company Gowing Bros Limited will become an anchor investor in Australian technology company Lavo. Lavo has developed a hydrogen storage system for private households and businesses.
Solar power becomes hydrogen
The system is intended to be integrated into photovoltaic systems, but does not store solar power, but rather uses the excess yield to split water using electrolysis. The hydrogen obtained in this way is stored and can be used in a fuel cell to generate electricity. 
At 1.680 by 1.240 by 400 millimeters, the device has the dimensions of a medium-sized refrigerator and weighs 324 kilograms. Gowing has reserved 200 of these systems for himself and wants to use them in his properties.
The technology, developed in collaboration with the Hydrogen Energy Research Center at the Australian University of New South Wales, is expected to come onto the market in mid-2021. The storage capacity is 40 kilowatt hours - enough to supply an average multi-person household for around two days. Each system initially costs 34.750 Australian dollars (21.870 euros) and will be manufactured in a limited number of 2.500 systems. From September 2022, the production volume will increase and the unit price will drop to $29.450.
Nedstack and Lavo cooperate
In November, Lavo and Nedstack fuel cell Technology BV announced their collaboration. Accordingly, the Dutch manufacturer of PEM fuel cell technology wants to set up production in Australia. Nedstack was founded in 1999 as a spin-out from AkzoNobel and is based in Arnhem, Netherlands.
Photo above
Lavo Managing Director Alan Yu / © Lavo
Photo middle
Presentation of the system / © Lavo
