H2Store acquired University of Queensland spinout Hydrexia in 2021, and is developing hydrogen storage systems based on proprietary magnesium hydrides. H2Store merged with Hyfun in 2022, a Shanghai-based company supplying hydrogen filling stations Hydrexia had developed prototypes for the industrial hydrogen storage market that address storage requirements from 10-150 kg. These products can replace traditional pressurised gas systems (either pallets of manifolded cylinders, or tube trailers) and demonstrate advantages such as improved safety & handling, smaller footprint and better matching of customer usage needs. The total industrial hydrogen storage market (served by pallets, tube and tanker trailers) is estimated at USD200-500 million per annum.
Awards & recognition:
- Hydrexia was named the Asia Pacific Company of the Year 2013 at the Cleantech Group’s Global Cleantech 100 Awards.
- Hydrexia Pty Ltd won a High Commendation in the Research and Development category at the Engineers Australia Queensland Engineering Excellence Awards 2012.