GreenHy2 Builds $3M Sodium-Ion Pipeline and $10M Supercapacitor Pipeline

Sodium-Ion Battery Sales Pipeline Strengthens

GreenHy2 Limited (ASX:H2G) has expanded its residential sodium-ion battery pipeline to over $3 million, reflecting steady commercial traction for its PowerSafe Sodium-Ion Battery range. This growth is supported by three dedicated websites targeting different segments, including residential and commercial customers. The company is finalising testing of its Generation 2 Sodium Ion Battery and Inverter, with sales expected to ramp up following anticipated certification and testing completion in early June. Discussions with distribution and installation partners aim to convert this pipeline into revenue, building on the rapid technical adoption of sodium-ion technology.

This pipeline milestone builds on the momentum from earlier quarters when GreenHy2 first reported a $2 million sodium-ion pipeline and initial sales, marking a clear acceleration in market penetration $2M sodium-ion battery pipeline.

Strategic Diversification with Supercapacitors and Distribution

Alongside battery sales, GreenHy2 is advancing its partnership with Skeleton Technologies, which supplies high-power supercapacitors and SuperBattery systems based on proprietary Curved Graphene technology. These products offer ultra-fast charging, fire safety, and lifespans exceeding one million cycles, targeting data centres and critical infrastructure. The company holds a pipeline exceeding $10 million in quotations for these technologies, reflecting growing interest amid the AI-driven expansion of Australia's data centre sector.

GreenHy2 is also focused on expanding its distribution and installation network nationally, aiming to accelerate uptake of sodium-ion batteries across residential, commercial, and industrial markets. This strategic approach seeks to address safety-critical applications such as petrol stations and bushfire-prone areas, where sodium-ion's fire-safe characteristics offer a competitive edge.

Operational Highlights and Financial Position

Operationally, the company recorded $20,000 in sodium-ion battery sales receipts during the quarter, with total operating costs of $448,000. Payments to related parties, including executive directors, amounted to $158,000. GreenHy2 ended the quarter with $894,000 in cash and $1.238 million in total available funding, providing an estimated three quarters of operating runway. This follows a $702,000 net inflow from financing activities, including a capital raise, maintaining a solid liquidity position to support ongoing development and sales efforts.

The Telstra TDRIP project remains in the performance evaluation phase, positioning GreenHy2 for future opportunities in hydrogen, sodium-ion, and supercapacitor solutions with the telecommunications giant. This project complements the company’s diversified battery technology portfolio and strategic partnerships, signaling potential for further contract wins.

GreenHy2’s diversified approach to energy storage, combining sodium-ion batteries and advanced supercapacitors, aligns with the growing demand for safer, more sustainable, and cost-effective solutions tailored to Australian conditions. The company’s focus on certification with the Clean Energy Council, targeting the SA TS 5398:2025 standard, is a crucial step toward wider market acceptance and insurance compliance, which could be pivotal for residential adoption.

Earlier in the year, GreenHy2 secured a $941,000 capital raise to accelerate its sodium-ion battery rollout, underpinning its growth strategy and product development pipeline $941K capital raise.