World’s First Home Hydrogen Battery Powers Your House for 3 Days
LAVO an Australian technology and lifestyle company has the first and only commercial-ready hydrogen energy storage system in the world designed for everyday use by residential homes and businesses.
Developed by leading researchers at UNSW, LAVO’s innovative technology provides a more complete, versatile and sustainable solution than other energy storage solutions currently on the market. LAVO’s technology has a storage capacity three times greater and a lifetime more than two times longer compared to market alternatives, offering a unique value proposition and strong competitive advantage.
LAVO is well-positioned to capitalise on global green energy demands and the shift toward renewable energy. With global investment in hydrogen forecast to increase from US$150 billion to more than US$2.5 trillion p.a. by 2050, LAVO is set to capture the significant global growth in demand for hydrogen technology.
LAVO CEO Alan Yu, LAVO
LAVO’s patented metal hydride absorbs hydrogen in a metal alloy to enable safe, long-term storage within a secure vessel. A fuel cell converts stored hydrogen back into electricity when the battery is switched on, and the fact that the hydrogen is stored in a solid-state, rather than as a liquid or gas, removes the normally considerable fire hazard from the material.
Designed to be portable and versatile, LAVO’s technology can be used for a diverse range of everyday applications. Beyond its first product to market, the LAVO System, LAVO is developing a range of lifestyle technology products, including a hydrogen-powered barbecue and bicycle.
The size of a home refrigerator and costing around $29,500, the LAVO hydrogen battery can store 3x more power than comparable home lithium battery systems.
LAVO will initially target four Australian key markets: residential, commercial, off-grid/back up diesel, and telecommunication towers. Across these segments LAVO estimates the addressable market for its technology as $2 billion in Australia, expanding on a global scale to $40 billion.
Australia is a world leader in rooftop solar penetration with over 15% or 2.4 million houses with installations, creating a significant opportunity for LAVO to make a notable and immediate impact. In addition to metropolitan homes and businesses, its hydrogen storage technology will provide regional and rural properties with much-needed secure and reliable energy source for microgrid, edge of grid and off-grid solutions.
Alan Yu, CEO and Executive Director of LAVO, commented, “As a global community we are experiencing the undeniable impact that climate change has had on our environment and we are proud to be a part of the global shift toward a cleaner, greener society. With the fantastic support of Australian state and federal governments, as well as many others around the world, we believe that hydrogen storage technology has a very bright future with a wide variety of everyday applications.”
LAVO™ is changing the way people live with energy. A hydrogen technology and lifestyle company, LAVO™ designs and manufactures renewable hydrogen energy storage solutions for residential and commercial use. LAVO™ will challenge convention, spark a global conversation and enable a meaningful change in attitudes and behaviours around sustainability, the environment and responsible consumerism. Founded in 2020, LAVO™ Hydrogen Technology Limited was established to fast track the commercialisation of technology developed within the Hydrogen Energy Research Centre cofounded by Providence Asset Group and the University of New South Wales. LAVO is headquartered in Sydney Australia. For more information visit www.lavo.com.au.