GreenHy2 Limited narrowed its net loss by 16% in FY2025, driven by government grants and initial sales of its new sodium-ion batteries. Strategic partnerships and product diversification position the company for growth in renewable energy storage.
- Net loss reduced by 16% to $974,347 in FY2025
- Revenue boosted by government grants and first sodium-ion battery sales
- Expanded product range to include sodium-ion, LFP batteries, and supercapacitors
- Post-year capital raise of $941,000 replenished cash reserves
- Strategic partnership with Skeleton Technologies targets data centres and critical infrastructure
Financial Performance and Revenue Growth
GreenHy2 Limited reported a 16% improvement in its net loss for the financial year ended 31 December 2025, reducing the loss to $974,347 from $1,156,627 in the prior year. This progress was underpinned by a significant increase in revenue and other income, primarily due to government grants supporting the company’s research and development efforts. While cash on hand fell 36% to $666,457 by year-end, a successful post-period capital raising of approximately $941,000 has since restored liquidity to around $1.1 million.
Strategic Shift and Product Diversification
During FY25, GreenHy2 undertook a major strategic pivot, expanding beyond its original hydrogen-focused products to develop a diversified portfolio centred on energy storage technologies. The company launched its PowerSafe Sodium-Ion Battery range, designed for residential, commercial, industrial, and utility applications. These batteries offer notable advantages including enhanced safety; eliminating thermal runaway risks; affordability relative to lithium-ion alternatives, long operational life of around 20 years, and full recyclability.
Hydrogen has been repositioned as a secondary product amid shifting market sentiment. Complementing the sodium-ion batteries, GreenHy2 also markets high-quality Lithium Iron Phosphate (LFP) batteries and has partnered with Skeleton Technologies to introduce cutting-edge supercapacitors and hybrid SuperBattery systems to Australia. These supercapacitors, leveraging proprietary curved graphene technology, target high-power, fast-charging applications such as data centres and critical infrastructure, promising significant energy efficiency gains and enhanced safety.
Commercial Traction and Market Development
GreenHy2 recorded its first revenue from sodium-ion battery sales in the final quarter of FY25, with a current sales pipeline valued at approximately $2 million. The company is actively developing distribution channels and installation capabilities to convert this pipeline into revenue growth. Efforts are underway to secure certification from the Clean Energy Council, a key milestone expected to accelerate adoption in the residential market.
On the commercial front, GreenHy2 is pursuing large-scale utility and industrial opportunities where safety is paramount, including petrol stations, bushfire-prone areas, and eco-resorts. The partnership with Skeleton Technologies aligns with the rapid expansion of Australia’s data centre sector, driven by the AI revolution and rising energy demands, positioning GreenHy2 to capitalise on emerging critical power applications.
Outlook and Strategic Positioning
GreenHy2’s diversified product suite and strategic partnerships underscore its ambition to lead Australia’s transition to safer, more sustainable, and cost-effective energy storage solutions. The company’s focus on safety, affordability, and longevity in battery technology addresses growing market demand for reliable renewable energy storage. With a strengthened balance sheet following the recent capital raise and an expanding sales pipeline, GreenHy2 is poised to advance commercialisation efforts and scale its operations in FY26.
Bottom Line?
GreenHy2’s strategic pivot and early commercial wins set the stage for a critical growth phase in Australia’s evolving energy storage market.
Questions in the middle?
- How quickly will GreenHy2 convert its $2 million sodium-ion battery pipeline into actual sales?
- What impact will Clean Energy Council certification have on market adoption of GreenHy2’s sodium-ion batteries?
- Can the partnership with Skeleton Technologies unlock significant contracts in the burgeoning data centre sector?