In its prospectus, the Sydney-based company said it aimed to develop wind farms in attractive regimes and, where feasible, with its patented hydrogen balance system.

Chairman Neville Wran said hydrogen and wind power complemented each other.

"Hydrogen balancing provides a means of addressing the issue of wind variability by creating hydrogen through electrolysis from off-peak wind energy, and combusting that fuel during high-demand peak periods," Wran said.

Upon its expected August 10 listing date, Wind Hydrogen expects to have a $32 million market capitalisation.

Wind Hydrogen has patents relating to both the use of hydrogen for grid balancing of wind power and for the prediction of wind data for wind farm power management and forecasts.