Province Resources quick to deploy wind/solar measuring technology
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
In a development that will enable Province Resources Ltd (ASX:PRL) to accelerate crucial data collection, the company has secured the normally long lead time SODAR monitoring station from Fulcrum3D (Fulcrum) to be deployed in the next four weeks at the HyEnergy ZERO CARBON HYDROGENTM Project (HyEnergy Project).
The monitoring station is critical in collecting preliminary wind and solar data every 10 minutes within the project area to assess the wind and solar resource potential.
Fulcrum3D’s flagship Sodar wind monitoring system is one of only five remote sensing instruments globally considered to provide bankable wind data by leading independent consultants.
The data collected will enable the proposed wind turbines and solar array network to be optimised, prior to the final project scope and scale decision point.
Province’s HyEnergy Project recently gained plenty of attention with the company’s shares soaring more than five-fold in a day, and the early stage deployment of this data collection system could well provide another upward trend given that it shows management’s commitment to quickly advance the project.
On this note, managing director David Frances said, “It is great to be able to hit the ground running on the exciting HyEnergy ZERO CARBON HYDROGENTM Project.
‘’I look forward to progressing the feasibility studies as quickly as possible, whilst also planning the initial fieldwork programs to assess the salt, potash and mineral sands target areas within the greater Gascoyne Project.”
The Gascoyne and HyEnergy ZERO CARBON HYDROGEN projects are located in Western Australia’s north-west and cover an area of 1,408 square kilometres.
The town of Carnarvon is the administrative centre and adjoins the project area.
It has first class infrastructure in place including the Dampier Bunbury Natural Gas Pipeline (DBNGP) and the major North West Coastal Highway with the former being a potential source of power distribution.
Gascoyne region offers ideal landscape and climate conditions
The Renewable Green Hydrogen Project is located in Western Australia's Gascoyne Region and covers a flat-lying arid landscape with low-intensity pastoral land use.
Given Gascoyne's climate and wind patterns, renewable energy is an attractive and viable option.
With low competing land use and proximity to a large regional centre and Carnarvon’s associated infrastructure, the project area is potentially ideal for installation of a commercial-scale wind and/or solar farm, integral to the production of green hydrogen.
The hydrogen industry is in its infancy in Western Australia, but the move into sustainable energy by both governments and corporations around the globe has accelerated driven by technological advances, as well as regulatory changes and stimulus packages offered by governments looking to reduce carbon emissions, and in some cases revitalise economies following COVID downturns.
Green hydrogen produced from renewable sources, such as wind and solar energy, looks set to play a significant role in a decarbonised future and meeting the global aim of net zero emissions by 2050.
Fulcrum3D leads the way in wind and solar monitoring
A wholly Australian-owned company, Fulcrum has established itself as the go-to suppliers of wind and solar monitoring stations, distributing to the major developers and operators alike.
The group’s monitoring systems have been installed and remain operational worldwide, maintaining a strong focus in Australia.
In each case, Fulcrum provides high quality and accurate data through its systems which are proven to be robust and reliable in even the harshest of environments.
Fulcrum offers clients holistic monitoring solutions from system design, integration, and installation through to data management and subsequent analysis.
The group regularly works with financiers, engineers and developers in the wind and solar sectors to generate bankable analysis as it understands the required traceability and confidentiality.
Fulcrum’s in-house team includes chemical, renewable energy, mechanical and electrical engineers along with WHS professionals and physicists, providing Province with the ideal mix of on-ground and professional expertise in terms of developing an end-to-end green hydrogen solution.
Ground resource data essential for developing effective solar generation
The Fulcrum3D Sodar measures wind speeds from 50 metres to 200 metres, providing wind speed and direction data up to and above wind turbine hub height.
The wind resource is ranked fourth in Western Australia for mean wind speeds recorded per annum.
This data is used in bankability analysis and studies ahead of project construction, an essential component in Province completing its anticipated studies.
There are now over 170 Sodar units now in operation around the world, with Fulcrum tailoring its technology to suit specific project requests.
Historically, solar farms have not always carried out on-the-ground resource monitoring, instead relying on satellite data alone.
This trend is changing and it is imperative that accurate solar data is captured for the specific site location for such large capital investments to build a solar array network of commercial scale.
The Fulcrum Pyranometer solar monitoring station (Kipp & Zonen SMP11) is a high quality instrument suitable for the development of solar farms.
Carnarvon has a very rich solar resource averaging 211 sunny days per year, with an average solar exposure of 22 MJ/m2 /day (or 6.24 kWh/m2 /day).
tagsSODAR STATIONS FULCRUM3D HYENERGY ZERO CARBON HYDROGEN PROJECT SOLAR AND WIND DATA GREEN HYDROGEN
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.