What is the technology?
A revolutionary large-scale mechanical hydrogen electrolyser delivering the potential to transform industrial hydrogen production by:
The ability to scavenge energy, e.g. waste heat/pressure from combustion-based power generation
The ability to scavenge waste electricity from intermittent energy sources e.g. wind turbines and solar to
create truly green hydrogen for storage.
Storage of energy when the grid is unable to accept/distribute renewables
Flexibility of energy capture for conversation and storage and later use
Fewer rare materials in manufacture
Green solution 40% more cost effective than PEM eletrolysers
Less complex support and maintenance.
Electrolyser sales for:
Renewable energy storage e.g. wind & solar to hydrogen to gas grid
Hydrogen fuel stations for fuel cell vehicles
Steam reformation replacement in industrial hydrogen production
Steam reformation in gas sales alone, (conversion of NG to hydrogen) is currently $117.4bn – https://www.marketdataforecast.com/market-reports/steam-methane-reforming-market
This market has significant issues with emissions, efficiency and cost.
HPGS is now participating in an EPSRC programme in collaboration with Nottingham, Newcastle and Reading Universities to further develop the technology for suitability and application for use in the Marine propulsion systems environment, and in particular the spark-injection of hydrogen to enhance combustion of ammonia base fuels.
Academic input into the project includes the following personnel and their respective expertise:
Prof Alasdair Cairns (PI) Professor of Mechanical Engineering and Head of the Powertrain
Research Centre at Nottingham
Prof Gavin Walker (CI) Director of both the Energy Technologies Research Institute at UoN
and the new EPSRC Centre for Doctoral Training in Sustainable Hydrogen
Dr Jon McKechnie (CI) Associate Professor in Mechanical Engineering and Associate
Director of the Green Chemicals Research Beacon of Excellence
Prof Keith Scott (CI) Professor of Electrochemical Engineering at Newcastle University
Dr Mohamed Mamlouk (CI) Senior Lecturer at Newcastle University
Dr Phil Coker (CI) Associate Professor in Sustainable Energy Systems
Dr Ben Potter (CI) Associate Professor of Energy Systems.
- Markets for industrial hydrogen production solutions are here NOW! And growing significantly
- Incentives for companies in this sector are growing across the US, Europe and Asia
- Valuations in, and associated with, this market increasing delivering significant Investor returns
- PEM electrolysers are expensive, of limiting efficiency using exotic/expensive materials e.g. platinum, palladium
- Today’s tech NOT cheap enough for biggest market, Steam Reformation worth $117.4bn per year
- A GREEN, cost effective solution to replace steam reformation now exists:
- At half the cost of existing technologies
- 25% more efficient than existing technologies
- Quicker and simpler to build than existing technologies
- The company developing new tech is in an ESPCR project incl. Nottingham, Reading and Newcastle Universities
- Investment in company available funding accelerated R&D programme delivering solution to industry in 3 – 4 years.
Opportunities for a low-cost hydrogen production solution that is NOT PEM is now significant, and growing.
See Press Releases Here:
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What is the catalyst for the commercial interest?
- Bloomberg NEF estimates that there will be an $11 trillion investment in production and storage of hydrogen worldwide through to 2050.
- In 2020 Europe announced its path to 100% renewable hydrogen by 2050.
- EU estimates that clean hydrogen could supply 24% of the world’s energy demand, with annual sales of approx. €630 billion.
- EU’s objective to support installation of 6G of renewable hydrogen electrolysers to produce approx. 1m tonnes of renewable hydrogen.
- EU also states hydrogen to become intrinsic to Europe’s integrated energy system by 2030. At least 40 gigawatts of renewable hydrogen electrolysers to produce approx. 10m tonnes of renewable hydrogen by 2030.
- Large corporates now shifting focus to transition to hydrogen as part of their energy strategy, e.g. Cummins Inc, BP, BG, Navistar Inc, Shell, Air Liquide/Air Products, Linde etc.
What does this mean for companies in the hydrogen sector?
- ITM Power delivered returns of over 1800% to Investors over a period of less than 2 years. Company Valuation now £2.67bn
- McPhy Energy in France delivered over 1700% with a valuation now of €1bn
- Ceres Power delivered over 700% with a valuation now of £2.29bn
- NEL in Norway delivered 380% with a valuation of over $3bn
- In the USA several quoted companies working in this space have also delivered significant returns to Investors:
- Bloom Energy (NYSE:BE) up 221%
- Ballard Power Systems (NASDAQ:BLDP) up 174%
- FuelCell Energy (NASDAQ:FCEL) up 447%
- Plug Power (NASDAQ:PLUG) up 575%.