Elixir Energy eyes Mongolia for renewable energy project
The Australian Elixir Energy has set its sights on the Gobi Desert in Mongolia for the production of renewable energy. The company’s early findings showed that the region has vast potential for wind and solar energy that could be used to fuel hydrogen production.
The company believed that the South Gobi region had strong utility potential for wind and solar, a key factor in ensuring the profitability of hydrogen production.
In an exchange filing Thursday, Elixir Energy said “very high wind speed, a daytime wind profile that complements solar production, a cold climate that promotes improved solar efficiency, and a seasonal profile that produces more wind during the less sunny months”, meant that the region offered an exceptionally high energy capacity.
Memorandum of Understanding with the Mongolian Government
South Gobi’s combined capacity factor for wind and solar was rated at 79% in early data. According to Elixir, this means it “will produce about 60% more hydrogen from the same capital investment than an area with a capacity factor of about 50%.”
The company has signed a Memorandum of Understanding (MoU) with the Mongolian government to conduct further investigations into the potential for hydrogen-based green power generation in the region.
Read more: Queensland aims for hydrogen ‘superpower’ status
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