Halo Capital has partnered with global engineering consultancy Penspen to accelerate the development of two of Australia’s most significant energy redevelopment projects, Hussar and Mt Winter, unlocking major helium and hydrogen reserves.
Penspen has signed a Memorandum of Understanding (MoU) to provide engineering and project management expertise across the full development cycle, from feasibility studies through to commissioning, ensuring the projects meet the highest technical and regulatory standards.
In August, Australian exploration company Georgina Energy Plc granted London-based Halo Capital a 12-month non-exclusive option to acquire the rights to 100% of the helium, hydrogen and natural gas produced from the two large-scale gas redevelopments.
Together with Penspen’s expertise, the companies aim to position Australia as a leading supplier of helium, hydrogen and hydrocarbons for the Asia-Pacific region and beyond.
Nick Clarke, Chief Executive Officer at Halo Capital, commented: “Halo Capital is very pleased to have Penspen join our efforts to develop the Hussar and Mt Winter projects, bringing with them their deep technical expertise and project management experience.
“Partnering with Penspen will ensure that our project teams are able to meet all technical and regulatory requirements to drive these and our future projects forward.”
Peter O’Sullivan, Chief Executive Officer at Penspen, said: “We are delighted to work with Halo Capital as engineering partner on this transformative development in Australia.
“Our unwavering aim is to improve access to secure and sustainable energy, and Hussar and Mt Winter offer tremendous potential to address the growing gap between supply and demand for helium, as well as further develop hydrogen’s critical role in decarbonising global industrial sectors.
“Penspen’s extensive experience in the delivery of low-carbon infrastructure systems, from feasibility and conceptual studies to detailed design and ongoing operations and maintenance, means we are well placed to support Halo Capital in the development of this project of national importance.”
Halo Capital and Penspen partner to advance helium and hydrogen projects in Australia
