GLOBAL Energy Ventures has appointed Greg Martin as an independent non-executive director and chair.

Mr Martin has served as CEO and managing director of AGL and he has held other senior leadership positions in Santos, Spark Infrastructure, Mawson Infrastructure Group and others.

Commenting on Mr Martins appointment, GEV managing director and CEO Martin Carolan said Mr Martin brings more than 40 years of domestic and international experience across major energy, utilities, financial services and private equity firms.

“Greg adds to and compliments the skills, experience and composition of the existing board, with GEV to benefit from Greg’s track record of growing businesses and delivering significant shareholder returns in both executive and non-executive roles over the course of his careers,” Mr Carolan said.

Mr Martin said GEV had reached an exciting stage in the development of its projects.

“GEV has an opportunity to grow into a global business by addressing one of the industry’s key challenges, which is an efficient and competitive delivered cost of green hydrogen using bulk marine carriers,” Mr Martin said.

GEV is working to develop green hydrogen production and export facilities in the NT’s Tiwi Islands and in the Gascoyne region in Western Australia.

The company is also developing a large-scale compressed hydrogen ship. The American Bureau of Shipping has issued an approval in principle for GEV’s compressed hydrogen ship with a 430-tonne capacity. The company is also working on plans to build a larger ship with a capacity of 2000 tonnes.