Sparc Technologies appoints energy expert Stephanie Moroz to its board
Stephanie Moroz has more than 25 years’ experience in energy including hydrogen and batteries and is currently chair of the renewable hydrogen directorate with Australia’s Clean Energy Council.
As it powers ahead with its ultra-green hydrogen collaboration, Sparc Technologies (ASX: SPN) has appointed global industry energy expert Stephanie Moroz to its board as non-executive director.
Sparc executive chairman Stephen Hunt said Ms Moroz’s appointment to the company’s board will “add tremendously” to its skill set and experience in the energy space – particularly, green hydrogen.
Ms Moroz has more than 25 years’ experience and global industry expertise in hydrogen, batteries, nano-materials and combustion engines.
She has successfully built an international corporate career in automotive manufacturing and went on to lead two materials companies through higher growth periods that included multi-million capital raises.
Ms Moroz is currently innovation manager with global energy company EDL where she leads the team in evaluating new technologies and business models for potential applications including energy storage, remote power generation, renewable fuels and decarbonisation.
As well as EDL, Ms Moroz also either sits on the board or acts in an advisory capacity for major organisations including the Australian Institute of Energy (director), Clean Energy Council (chair of the renewable hydrogen directorate), University of the Sunshine Coast (chair of the science industry advisory committee), the Queensland Government (grants assessor), and New Energy Technology (advisor).
“These attributes will enhance strategic capabilities and widen our network in this field, which will complement the work we are undertaking with the photocatalytic green hydrogen project with Fortescue Future Industries and the University of Adelaide,” Mr Hunt noted.
“Ms Moroz’s expertise in material sciences will also strengthen Sparc’s capabilities with developing and commercialising graphene materials and particularly for applications in the energy sector,” he added.
Ms Moroz replaces Tom Spurling who has stepped down from his non-executive director role with the Sparc board.
Green hydrogen joint venture
Last month, the ultra-green hydrogen joint venture progressed between Sparc, the University of Adelaide and Fortescue Metals Group’s (ASX: FMG) subsidiary Fortescue Future Industries (FFI) after FFI made its $1.8 million stage one payment.
The collaborators have established joint venture entity Sparc Hydrogen, which will develop and commercialise a thermo-photocatalysis technology based on producing commercially-viable ultra-green hydrogen via photocatalysis instead of renewable energy and electrolysis.
This technology will harness the sun’s radiation and thermal properties to convert water into hydrogen and oxygen – eliminating the need for renewable energy from wind farms or photovoltaic solar panels and expensive electrolysers.
Sparc and its collaborators believe the capital and operating expenses for this technology will be “significantly lower” than other current forms of green hydrogen production.