Deloitte’s 2023 global green hydrogen outlook, page 13 INTERNATIONAL ENERGY AGENCY, Global Hydrogen Review 2022, Executive Summary. “It marks a crucial step in our commitment to advancing sustainable and autonomous energy solutions.” Jed KRAIEM PhD, Novacium Chief Operating Officer (“COO”). “We are excited to announce the filing of this patent application combined with the quick and high market interest in our solution,” said Mr. Most of these projects rely on electrolysis or fossil fuel with Carbon Capture, Utilization, and Storage (CCUS) for hydrogen production, which doesn't fully address the multiple challenges hindering hydrogen adoption. ĭespite the rapid growth in the pipeline of low-emission hydrogen production projects, few of them are advancing to the Financial Investment Decision (FID) stage. Īccording to a Deloitte study, achieving net-zero greenhouse gas emissions by 2050 will require the development of a clean hydrogen market equivalent to 170 million tonnes (MtH2eq) by 2030, with projections reaching nearly 600 MtH2eq by 2050. However, as of 2021, less than 1 million tonnes (Mt) of hydrogen demand out of a total of 94 Mt came from low-emission sources, with the rest produced from unabated fossil fuels. There is no doubt that hydrogen can play a significant role in decarbonizing the economy due to its zero-emission characteristics and high energy-to-weight ratio. Bernard Tourillon, President and CEO of NOVACIUM SAS and HPQ Silicon Inc.
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“The uniqueness of Novacium's hydrogen production system comes from the fact that its re-imagines how to produce hydrogen simply and safely, reducing transportation needs, and therefore holds the potential to have significant implications for hydrogen's role as safe and clean energy on-site source in various industrial applications,” said Mr.
Novacium is currently engaged in discussions aiming to secure grant financing, from two potential clients, to cover 35% to 75% of the costs to deliver the first working prototype of the system by the end of 2024. The dual-application process, designed for military and civilian uses, addresses a potential client's need for a low-carbon footprint, on-demand, high-pressure autonomous hydrogen production system deployable anywhere globally, even under off-grid conditions, with safety as a top priority. “We believe this system has the power to transform hydrogen's role as a clean energy source across various industries.” Oleksiy NICHIPORUK PhD, Novacium's Chief Technical Officer (“CTO”). “This innovative approach aims to unlock the hydrogen stored in water using eco-friendly and low-cost alloys, providing an alternative, safe, and efficient means of hydrogen production,” said Mr. Harnessing Hydrogen Potential While Eliminating Limiting Factors Furthermore, the hydrogen produced by the chemical process directly reaches industry-standard pressure levels, typically ranging from 200 to 1,000 bars. The new hydrogen production system uses a chemical process to liberate hydrogen from specific low-cost, low-carbon footprint, and non-hazardous alloys. (“HPQ” or the “Company”) (TSX-V: HPQ) (OTCQB: HPQFF) (FRA: O08), a technology company specializing in green engineering processes for silica and silicon material production is pleased to inform shareholders that its Lyon based, affiliated company, NOVACIUM SAS (“Novacium”) has filed a patent application for a low carbon footprint, chemical based, on-demand and high-pressure autonomous hydrogen production system. Montreal, QC (GLOBE NEWSWIRE) - HPQ Silicon Inc.
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