Further sites are currently under review to facilitate SeaStock’s commercial expansion and to house a fully operational commercial scale plant by 2025.
A prefeasibility study into a suitable location for the plant is expected to be completed by the end of the 2023 calendar year with a comprehensive feasibility study including design, engineering and capital expenditure related to the commercial plant is expected to be complete by the end of 2023.
The company will also explore opportunities to further commercialise the technology and grow additional sites as part of this process.
SeaStock will concurrently continue to progress further applications for site agreements across the WA coast with local and state regulatory authorities throughout 2023 and beyond and to expand agreements with adjacent operators to access infrastructure along the Western Australian coast.
SeaStock expects a large scale commercial plant to be established in WA by 2025 and is reviewing site selection and renewable energy applications for a scale up model. The company is focused on a global scale up with key target markets including the EU, Middle East and the US.