GreenHy2 Reports 300% Order Growth, Expands Battery Tech Portfolio

Broadening Horizons in Renewable Energy Storage

GreenHy2 Limited (ASX: H2G), a pioneer in renewable energy storage solutions, unveiled significant advancements at its 2025 Annual General Meeting. The company has strategically expanded its technology suite beyond hydrogen to include cutting-edge graphene-based hybrid supercapacitor batteries. This move aligns with GreenHy2’s vision to lead the industry with safer, longer-lasting, and more efficient energy storage technologies.

In 2024, GreenHy2 initiated negotiations and testing collaborations, notably with the University of New South Wales, to validate these graphene supercapacitor batteries. The company has secured multiple technology agreements granting access to the latest graphene-based battery cells and products, positioning it at the forefront of next-generation energy storage innovation.

Robust Financial and Market Momentum

FY24 was a year of substantial growth for GreenHy2, with orders increasing threefold to $1.5 million and a successful capital raising effort netting over $1 million. The company reported a cash balance of approximately $1 million and zero debt, underscoring a solid financial footing. Market interest has surged, with the company receiving around ten active enquiries monthly and maintaining a strong digital presence that drives over $100,000 in monthly engagement.

GreenHy2’s customer engagement highlights include ongoing projects with telecommunications giant Telstra, which has committed $1.5 million to a diesel replacement project using newly negotiated hydrogen battery technology. Additionally, Essential Energy completed a 12-month trial of GreenHy2’s systems with 100% availability and renewable energy fraction, paving the way for a new 10-unit project.

Tapping into Expanding Battery Markets

The global battery market is experiencing explosive growth, with estimates projecting a rise from over US$100 billion in 2024 to upwards of US$500 billion by 2030. Australia’s battery market, currently valued at over A$2 billion annually, is expected to exceed A$3 billion by 2030, buoyed by government initiatives like the $500 million Battery Breakthrough Initiative. GreenHy2’s technology advancements and strategic partnerships position it well to capture a meaningful share of this expanding market.

Notably, the company’s graphene-based hybrid supercapacitor batteries offer compelling advantages over traditional lithium-ion technologies, including vastly extended cycle life, enhanced safety with no thermal runaway risk, full depth-of-discharge, and superior efficiency. These features make them particularly attractive for applications ranging from microgrids and telecommunications to data centers and electric vehicle charging.

Looking Ahead: Commercialisation and Scale

GreenHy2 is actively trialing its new battery technologies with leading Australian customers and exploring joint trial agreements. The company is also advancing projects in remote and off-grid locations, such as Fiji’s rural electrification program, where its supercapacitor solutions address the shortcomings of previous lithium-ion deployments. While some projects like Horizon Power’s microgrid initiative have been delayed due to political changes, GreenHy2 is proposing alternative solutions that leverage its latest battery innovations.

With a diversified product pipeline targeting microgrids, telecommunications infrastructure, home solar, industrial storage, and vehicle charging, GreenHy2 is building a comprehensive ecosystem supported by digital control and battery management systems. The company’s ongoing R&D efforts and government incentives further underpin its growth trajectory.