Sparc Says JV With Fortescue to Use AU$2.8 Million Grant to Fund South Australia Pilot Plant; Shares Jump Over 3%

MT Newswires Live

Jul 04, 2025

Sparc Technologies (ASX:SPN) said Sparc Hydrogen and the University of Adelaide will use the AU$2.8 million in grant funding from authorities in Australia to support the operation of the Roseworthy pilot plant in South Australia, research and development efforts, and commercialization activities, according to a Friday Australian bourse filing.

The grant was given under Australia's Economic Accelerator Innovate grant program, the filing said. It covers a 24-month period, and it will be fully supported by matched financial and in-kind commitments from Sparc Hydrogen and its shareholders.

Sparc Hydrogen is a partnership between Sparc Technologies, Fortescue (ASX:FMG), and the University of Adelaide, developing a patented photocatalytic water splitting reactor technology, per the filing.

Commissioning of the pilot plant is expected to start this month.

Sparc Technologies' shares rose past 3% in recent trading on Thursday.

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It covers a 24-month period, and it will be fully supported by matched financial and in-kind commitments from Sparc Hydrogen and its shareholders.</p><p>Sparc Hydrogen is a partnership between Sparc Technologies, Fortescue (ASX:FMG), and the University of Adelaide, developing a patented photocatalytic water splitting reactor technology, per the filing.</p><p>Commissioning of the pilot plant is expected to start this month.</p><p>Sparc Technologies' shares rose past 3% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XKO.AU","symbol_name":"标普/澳交所 300指数","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2548308603","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548308603","pubTimestamp":1751596401,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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It covers a 24-month period, and it will be fully supported by matched financial and in-kind commitments from Sparc Hydrogen and its shareholders.Sparc Hydrogen is a partnership between Sparc Technologies, Fortescue (ASX:FMG), and the University of Adelaide, developing a patented photocatalytic water splitting reactor technology, per the filing.Commissioning of the pilot plant is expected to start this month.Sparc Technologies' shares rose past 3% in recent trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}