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HPQ Silicon and Novacium Sign Industrial Cooperation Agreement with AD-VENTA, Advancing METAGENE™ Scale-Up
Globenewswire· 2025-12-04 12:30
Core Viewpoint - The strategic partnership between HPQ Silicon Inc., Novacium, and AD-VENTA aims to enhance the production capacity of the METAGENE™ process for green hydrogen, facilitating its industrial deployment and commercialization [1][4][11]. Group 1: Partnership Details - HPQ Silicon Inc. and Novacium have signed a cooperation agreement with AD-VENTA, a company specializing in high-pressure hydrogen storage and distribution systems [1][12]. - The partnership is expected to significantly increase the METAGENE™ station's hydrogen production capacity from a range of 1 to 10 kg/day to up to 20 kg/day [4][11]. - The collaboration will integrate the METAGENE™ hydrogen-production reactor into AD-VENTA's existing high-pressure hydrogen dispensing station [6][11]. Group 2: Technology and Production Capacity - The METAGENE™ technology autonomously produces high-pressure green hydrogen using an aluminum-silicon fuel, which will replace the previously used compressed hydrogen cylinders [6][11]. - A single METAGENE™ unit can produce 20 kg of hydrogen per day, equivalent to 400 kWh of useful electrical energy via a 60% PEM fuel cell, enabling stable power supply in off-grid regions [8][10]. - The technology is particularly suited for decentralized applications, providing an economical solution for hydrogen generation in isolated environments [7][11]. Group 3: Commercial Applications - The hydrogen produced can support various applications, including powering inspection drones, communication stations, and remote monitoring posts, which require reliable energy sources in isolated settings [9][10]. - The agreement aims to conduct operational tests for hydrogen production capacity, targeting hydrogen-vehicle fleets and autonomous power supply stations [7][11]. Group 4: Company Backgrounds - HPQ Silicon Inc. focuses on advanced materials innovation and has exclusive North American rights for the METAGENE™ technology [14][11]. - Novacium, founded in 2022, specializes in energy-related materials and is developing technologies for hydrogen generation and silicon-based battery anodes [13]. - AD-VENTA is recognized for its expertise in high-pressure hydrogen systems and contributes to the energy transition and carbon-emission reduction [12].
Next Hydrogen Announces $20 to $30M Equity Private Placement led by Smoothwater Capital Corporation
Globenewswire· 2025-11-07 13:33
Core Viewpoint - Next Hydrogen Solutions Inc. is initiating a non-brokered private placement of common shares to raise between CAD$20 million and CAD$30 million, aimed at transitioning from a development-stage company to a commercially focused business [1][2][3] Group 1: Offering Details - The private placement will be priced at CAD$0.45 per share and is expected to close around November 28, 2025, pending regulatory approvals [1][2] - The company has already secured signed subscription agreements totaling over CAD$20 million from Smoothwater and other significant shareholders [4] Group 2: Leadership and Strategic Direction - The Board of Directors supports the private placement to enhance product research and development, with Smoothwater Capital Corporation leading the investment [3] - Following the offering, Smoothwater is expected to become the largest shareholder, and its CEO, Stephen Griggs, will join as Executive Chair of the Board [3] Group 3: Use of Proceeds - The net proceeds from the offering will be utilized to accelerate sales and manufacturing of the NH150 electrolyzer, complete the development of the NH500 electrolyzer, and for general corporate purposes [5] Group 4: Company Background - Next Hydrogen, founded in 2007, specializes in designing and manufacturing hydrogen electrolyzers that convert water and electricity into clean hydrogen, supported by 40 patents [10] - The company's technology aims to provide commercial solutions for decarbonizing transportation and industrial sectors [10]
Plug Hosts Oppenheimer at Georgia Plant Following Record Month of Green Hydrogen Production
Globenewswire· 2025-09-23 11:00
Core Insights - Plug Power Inc. is hosting an investor tour at its Georgia green hydrogen production plant, emphasizing its commitment to transparency and engagement with the financial community [1] - The Georgia facility achieved a record production of 324 metric tons of green hydrogen in August 2025, with 97% uptime and 99.7% availability, showcasing the effectiveness of its GenEco electrolyzer technology [2] - Plug Power is a leader in the hydrogen economy, providing a fully integrated ecosystem that includes production, storage, delivery, and power generation [3] Company Overview - Plug Power has deployed over 72,000 fuel cell systems and 275 fueling stations, making it the largest user of liquid hydrogen [4] - The company operates hydrogen plants in Georgia, Tennessee, and Louisiana, with a production capacity of 40 tons per day [4] - Plug Power serves major global clients such as Walmart, Amazon, Home Depot, BMW, and BP, reinforcing its position in the market [4]
Dr. Austin Morales Joins NewHydrogen Team to Help Drive ThermoLoop™ Development
GlobeNewswire News Room· 2025-08-19 07:30
Core Insights - NewHydrogen, Inc. has appointed Dr. Austin Morales to its UCSB Technology Team to enhance the development of its ThermoLoop™ technology, which aims to produce low-cost clean hydrogen using water and heat instead of electricity [1][4] - The company is focused on advancing cost-effective, entropy-driven thermochemical water splitting, collaborating with a team of experts from the University of California, Santa Barbara [2][4] - Dr. Morales has a strong background in dynamic reactor operation and catalytic processes, with a Ph.D. from the University of Houston and multiple awards for his research [3][4] Company Overview - NewHydrogen is developing ThermoLoop™, a technology that utilizes water and heat to produce the lowest cost clean hydrogen, addressing the limitations of current hydrogen production methods that rely on expensive electricity [6][7] - The company aims to contribute to the clean hydrogen economy, which Goldman Sachs estimates could reach a market value of $12 trillion [7] Technology Development - The ThermoLoop™ technology is designed to split water using inexpensive heat sources, such as concentrated solar energy, industrial waste heat, and nuclear reactors, thereby reducing the overall cost of hydrogen production [4][7] - Since the initiation of the research project in August 2023, the UCSB team has been developing unique materials that facilitate the thermochemical process of producing hydrogen and oxygen from water vapor [4]
Dr. Austin Morales Joins NewHydrogen Team to Help Drive ThermoLoop™ Development
Globenewswire· 2025-08-19 07:30
Core Insights - NewHydrogen, Inc. has appointed Dr. Austin Morales to its UCSB Technology Team to enhance the development of its ThermoLoop technology, which aims to produce low-cost clean hydrogen using water and heat instead of electricity [1][4] Company Overview - NewHydrogen is focused on developing ThermoLoop, a novel technology that utilizes water and heat to generate the world's lowest cost clean hydrogen, addressing the limitations of current hydrogen production methods that rely on hydrocarbons [6][7] - The company is currently funding research at the University of California, Santa Barbara, to advance its thermochemical water splitting technology, which has been in development since August 2023 [4][6] Team and Expertise - Dr. Morales joins a team of experts including Dr. Philip Christopher, Dr. Justin Marlowe, Dr. Yikyeom Kim, Dr. Eric McFarland, and Mr. Sundar Narayanan, all of whom are working on cost-effective thermochemical processes [2][4] - Dr. Morales has a strong background in dynamic reactor operation and catalytic processes, with a Ph.D. from the University of Houston and multiple awards for his research excellence [3][4] Technology and Market Potential - The ThermoLoop technology aims to significantly reduce the cost of clean hydrogen production by utilizing heat from various sources, thereby bypassing the expensive electricity generation process that currently constitutes 73% of clean hydrogen costs [7] - The clean hydrogen economy is projected to have a market value of $12 trillion, highlighting the significant economic potential of NewHydrogen's innovations [7]
CHARBONE Hydrogen Provides Update on Flagship Sorel-Tracy Project, Achieving Multiple Key Milestones This Week
Thenewswire· 2025-08-14 11:25
Core Insights - CHARBONE Hydrogen Corporation has made significant progress in the construction of its Sorel-Tracy project, which is focused on ultra-pure green hydrogen production and distribution [2][3][4] - The company has completed key infrastructure connections, including electrical interconnection and water supply, which are essential for the hydrogen production process [2][3] - Environmental stewardship efforts have been undertaken to protect a rare plant species found on-site, demonstrating the company's commitment to sustainable practices [5] Construction Progress - The electrical interconnection at the Sorel-Tracy site has been completed, allowing energy to flow from the Hydro-Quebec grid to the production area [2] - Water supply infrastructure has been installed, linking the site to a 14-inch main water line, ensuring sufficient water capacity for all project phases [3] - Heavy civil construction equipment has arrived, and construction teams have begun site preparation for production equipment installation [4] Environmental Initiatives - The Quebec Ministry of the Environment identified a rare plant species on the property, and CHARBONE has successfully relocated and protected it, ensuring its habitat is preserved [5] Financial Updates - CHARBONE has closed shares for debt settlements amounting to $118,095, issuing 1,968,254 shares at a conversion price of $0.06 to manage cash prudently [6] - The company is also closing US$1.5 million (CA$2.1 million) in convertible notes, which will result in the issuance of 2,109,900 warrants to the placement agent [7][8]
Next Hydrogen Successfully Energizes Ontario’s largest Onsite Clean Hydrogen Fueling Station at a Distribution Centre
Globenewswire· 2025-07-28 11:00
Company Overview - Next Hydrogen Solutions Inc. has successfully commenced operation of its electrolyzer for clean hydrogen fueling at Ontario's largest onsite clean hydrogen generation and fueling station, capable of producing up to 650 kg of hydrogen per day to support fuel cell forklifts [1][3] - The company was founded in 2007 and specializes in designing and manufacturing electrolyzers that convert water and electricity into clean hydrogen, supported by 40 patents for its unique cell design architecture [4] Technological Advancements - The electrolyzer features an innovative cell design and is integrated with compressors and dispensers, with the company overseeing system operations until the station is transitioned to the customer [2] - The successful validation of the second-generation electrolyzer through extensive Factory Acceptance Tests marks a significant advancement for the industry, paving the way for large-scale, low-cost green hydrogen production [3] Market Position and Future Plans - Next Hydrogen is scaling up its technology to deliver commercial solutions aimed at decarbonizing the transportation and industrial sectors following successful pilot projects [4]
Next Hydrogen Successfully Energizes Ontario's largest Onsite Clean Hydrogen Fueling Station at a Distribution Centre
GlobeNewswire News Room· 2025-07-28 11:00
Company Overview - Next Hydrogen Solutions Inc. is a designer and manufacturer of electrolyzers that generate clean hydrogen using water and electricity as inputs [4] - The company was founded in 2007 and has developed a unique cell design architecture supported by 40 patents, enabling high current density operations and efficient conversion of renewable electricity into green hydrogen [4] Recent Developments - The company has successfully commenced operation of its electrolyzer for clean hydrogen fueling at Ontario's largest onsite clean hydrogen generation and fueling station, capable of producing up to 650 kg of hydrogen per day [1][2] - The electrolyzer was manufactured with innovative cell design architecture, and the company is overseeing system operations until the fueling station is formally transitioned to the customer [2] Leadership Insights - Raveel Afzaal, President and CEO of Next Hydrogen, expressed gratitude to the team for validating the second-generation electrolyzer through extensive testing and highlighted the significance of demonstrating the electrolyzer in a market application for advancing the industry [3]
HPQ, Novacium, and Pragma Industries Sign Agreement for Commercial and Industrial Green Hydrogen Production Using METAGENE™ Technology
Globenewswire· 2025-06-10 11:30
Core Insights - The strategic partnership between HPQ Silicon Inc., NOVACIUM SAS, and Pragma Industries aims to commercialize METAGENE™ green hydrogen production systems to meet increasing market demand [1][2][7] - METAGENE™ technology allows for the autonomous production of hydrogen without the need for electricity or heavy infrastructure, producing 1.25 m³ of hydrogen per kilogram of fuel [3][6] - The collaboration will focus on integrating METAGENE™ into Pragma's sustainable mobility solutions, particularly for last-mile transportation and hydrogen-powered drones [5][7] Company Overview - HPQ Silicon Inc. is a technology company focused on advanced materials and critical process development, with a partnership with NOVACIUM to innovate in renewable energy technologies [1][13] - NOVACIUM SAS is a green technology start-up specializing in developing proprietary technologies linked to renewable energy, founded by experts in the field [11][12] - Pragma Industries is a leader in hydrogen-powered soft mobility solutions, dedicated to sustainable urban transportation and reducing carbon emissions [10] Technology Highlights - METAGENE™ technology utilizes a non-explosive aluminum-silicon alloy for hydrogen production, making it suitable for light mobility applications [3][6] - The technology's ability to generate hydrogen on demand without traditional constraints opens new deployment models for various applications, including mobility and industrial use [9] - A pilot phase for the integration of METAGENE™ production stations is planned for late 2025 to early 2026, targeting a production capacity of 10 kg of hydrogen per day [7][9]