Frontier Energy: IPO following a fundraising

General Manager Mike Young said: “The renewable energy industry offers significant growth opportunities, particularly to support nearby aluminum mines and the industrial areas of Collie and Kwinana, all of which require massive decarbonisation. That’s why we decided to shift from mining exploration and focus on clean energy opportunities.

“The BSS project is strategically located in the heart of South West WA, one of the fastest growing regional areas in Australia. The local people and WA government are extremely supportive and progressive when it comes to the future needs for renewable energy solutions in the region.

“The BSS project is close to the Port of Bunbury and is well located close to excellent supporting infrastructure including roads, water, airports, several ports and a highly skilled local workforce, which gives it an edge over similar but more isolated projects.”

Mr. Young, a former head of BC Iron and Vimy Resources, is part of an impressive board and management team at Frontier Energy, including Grant Davey as chairman, experienced chartered accountant Chris Bath as as Executive Director and Chief Financial Officer (CFO) and WA’s Senior Media and Advertising Director Dixie Marshall as Non-Executive Director.

“We have assembled a balanced and respected board and management team with extensive Western Australian experience in project development and capital markets,” said Mr. Young.

Importantly, we have strong relationships with key stakeholders, including major Western Australian electricity market players, end users, local communities, and state and federal governments.” .

“One area we are keen to assess is the production of green hydrogen. This is in line with the Western Australian Government’s plan to produce and export green hydrogen by 2030 in the same quantity as natural gas. LNG produced for export. This strategy, led by Hydrogen Minister Alannah MacTiernan, underscored the need for green energy projects in WA and hydrogen manufacturing capacity.”

We will also consider investing in other renewable energy projects, such as wind projects or other solar projects.

Bristol Springs Solar Project

Frontier is developing the BSS Project, a large-scale solar energy project in the south-west region of Western Australia, 120 km south of Perth.

The BSS project is initially designed to produce 114 MWdc of electricity, incorporating next-generation technology to provide a relatively low-cost power solution connected to the backbone of the South West Interconnected System (SWIS).

The BSS project has received approval from the WA Regional Development Assessment Committee, and an application for an Electricity Transfer Access Agreement (ETAC) is pending with Western Power.

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