Infinite Green Energy, one of the first WA companies targeting hydrogen production, has been placed into administration ahead of a Supreme Court hearing over a disputed debt.
Infinite Green Energy, one of the first WA companies targeting hydrogen production, has been placed into administration ahead of a Supreme Court hearing over a disputed debt.
Documents filed with corporate regulator ASIC show that KordaMentha’s Richard Tucker and Jared Palandri were appointed as voluntary administrators to 10 companies in the group on Monday.
In an unusual move, Hall Chadwick WA’s Aaron Dominish, Cameron Shaw and Richard Albarran were subsequently appointed in a similar capacity.
Their respective roles have not been clarified.
Infinite Green had been due in court this week over a bid by Queensland investor DD Investment to recover a $3.85 million loan made in 2023.
The group, originally known as Infinite Blue Energy, was established in 2018 by chief executive Stepehen Gauld and chief operating officer Yolanda Zhao.
It had been pursuing development of the $120 million MEG HP1 hydrogen project near Northam and the much larger Arrowsmith project near Dongara.
At its peak, the company gained $5 million in financial backing from the state government – subject to its Northam project proceeding – and signed up South Korea’s Samsung C&T Engineering & Construction and Israel’s Doral Energy as project partners.
It has also worked on potential international projects.
The company boasted an impressive board, chaired by former Woodside boss Peter Coleman and including lawyer Tim Lester and former Rio Tinto iron ore executive Chris Salisbury as directors.
They all resigned last year.
The Northam project hit a series of roadblocks during 2023 and 2024 when the company unsuccessfully sought planning approval through the Regional Development Assessment Panel.
It submitted a new application for planning approval in January, via the WA Planning Commission’s Part 11B pathway.
Infinite was still seeking environmental approvals for its Arrowsmith project.
