Australian Mines Says Metal Hydride Undergoes Performance Testing by Consortium Backed by US Department of Energy, Shares Jump 17%

MT Newswires Live

09/12

Australian Mines (ASX:AUZ) confirmed that its metal hydride solid state hydrogen storage underwent independent third-party performance testing within the Hydrogen Materials Advanced Research Consortium, established as part of the US Department of Energy's Energy Materials Network, according to a Friday Australian bourse filing.

The consortium evaluated key storage parameters, including hydrogen absorption capacity and hydrogenation, and dehydrogenation kinetics, as well as system parameters comprised of energy density by volume and weight and thermodynamic characteristics.

It confirmed that the metal hydride can be hydrogenated and dehydrogenated repeatedly, which may lead to a multi-year long-term energy storage.

The firm's shares jumped 17% in recent trading on Friday.

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