Gowings will become a cornerstone investor in LAVO, an Australian technology and lifestyle company aiming to power a cleaner, more sustainable future through its cutting-edge hydrogen storage technology.
Launched in September 2020, LAVO says it has the first and only commercial-ready hydrogen energy storage system in the world designed for everyday use by residential homes and businesses, called the LAVO System.
Developed by leading researchers at the University of New South Wales (UNSW), LAVO said its innovative technology provides a more complete, versatile and sustainable solution than other energy storage solutions currently on the market.
According to LAVO, its technology has a storage capacity three times greater and a lifetime more than two times longer compared to market alternatives, offering a unique value proposition and strong competitive advantage.
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