H2G Limited reports strong progress with over $4.5 million in sodium-ion battery orders and $10 million pipeline for supercapacitors, while first shipments and installation agreements roll out across Australia.
- Over $4.5M residential sodium-ion battery sales pipeline
- First shipments of Model S batteries and CEC approved inverters underway
- Installation agreements secured across NSW, QLD, WA, and Victoria
- Strategic partnership pipeline exceeds $10M for Skeleton supercapacitor solutions
- Quarterly operating cash outflow of $411K with $714K cash on hand
Growing Sodium-Ion Battery Pipeline and Market Entry
H2G Limited (ASX:H2G) has accelerated its sodium-ion battery rollout with a residential sales pipeline surpassing $4.5 million, driven by strong customer interest ahead of product availability. The company completed its Model S stackable sodium-ion battery and Clean Energy Council (CEC) approved inverters in Q2 FY26, with initial shipments now in transit. This marks a critical step from development to commercialisation for H2G’s PowerSafe range, engineered specifically for Australian conditions.
The Model S battery boasts a unique safety profile, having passed UL9540A tests for nail penetration, overcharge, and thermal runaway without fire or explosion, a world first for battery cells. Alongside affordability forecasts from cell manufacturer CATL projecting costs as low as $10/kWh, H2G’s batteries offer a 20-year lifespan and operate effectively in extreme temperatures, positioning them as a competitive alternative to lithium-ion options despite lacking government rebates.
Expanding Installation Network and Government Certification Efforts
To convert pipeline into revenue, H2G has secured installation agreements in New South Wales, Southern Queensland, Western Australia, and Victoria, targeting both residential and commercial customers. The company is actively engaging with government bodies to include sodium-ion batteries in the Clean Energy Council’s certification scheme, a move that would grant access to government rebate programs and significantly enhance market adoption.
Currently, sodium-ion batteries are not yet included in the Australian Standard adopted by the CEC, which covers lithium-ion and lead-acid chemistries. H2G is testing its batteries to the emerging SA TS 5398:2025 standard to expedite registration once sodium-ion is accepted.
Strategic Partnership with Skeleton Technologies for Supercapacitors
Beyond batteries, H2G is advancing its partnership with Skeleton Technologies to introduce high-power supercapacitors and SuperBattery systems in Australia. These technologies offer ultra-fast charging, over one million cycle lifespans, and fire-safe operation at elevated temperatures, catering to data centres, critical infrastructure, and high-security sites.
H2G has built a pipeline exceeding $10 million for Skeleton’s solutions, although conversion to orders remains slow due to technical uncertainties among data centre operators regarding grid support. The partnership taps into the growing Australian data centre market, fuelled by the AI revolution and increasing energy demands, with potential applications extending to transport and defence sectors.
Financial Performance and Cash Position
The company reported $4,000 in receipts from sodium-ion battery sales for the quarter, reflecting early-stage commercial activity. Operating cash outflows amounted to $411,000, driven by staff costs and administration expenses. Payments to related parties, including executive director salaries and office leases, totalled $181,000.
H2G ended the quarter with $714,000 in cash and $337,000 in unused financing facilities, providing an estimated three quarters of funding runway at current operating levels. The company also raised $239,000 from equity issuances during the quarter, supporting ongoing operations and growth initiatives.
Outlook Focused on Safety-Critical Industrial Applications
H2G is targeting large-scale industrial customers prioritising safety, such as petrol stations, bushfire-prone areas, utilities, and eco-resorts. The company’s sodium-ion batteries offer a fire-safe, low-carbon alternative suited to these high-risk environments. Meanwhile, the Skeleton Technologies supercapacitor solutions align with the rapid expansion of Australia’s data centre sector.
While revenue projections for the current half-year remain to be updated, H2G’s diversified portfolio and strategic partnerships position it to capitalise on growing demand for safer, sustainable, and cost-effective energy storage solutions.
Bottom Line?
H2G’s growing sodium-ion pipeline and strategic supercapacitor partnership set the stage for scaling revenue, but conversion from pipeline to orders and government certification remain key hurdles to watch.
Questions in the middle?
- How quickly will government certification include sodium-ion batteries to unlock rebate eligibility?
- What timeline can investors expect for converting the $10M supercapacitor pipeline into firm orders?
- Will H2G’s installation network expansion translate into meaningful revenue growth in the coming quarters?