Hydrogen infrastructure investments have been estimated to surpass $10 trillion by 2025. Goldman Sachs last year estimated global green hydrogen projects were on track to become a $13 trillion-plus market by 2050 for the “utilities industry alone” and Analysts at Barclays expect demand for hydrogen to grow eight-fold to 575 million tonnes per year by 2050
Already, 18 economies comprising more than 75% of global GDP are developing and rolling out hydrogen strategies. Several countries, including Germany, Japan and South Korea, have dedicated substantial funds to national hydrogen strategies.
On June 3, 2020, Germany released a stimulus package of €9 billion (C$13.7 billion) for the ramp-up of hydrogen technologies.
On December 16, 2020, the Canadian federal government released its long-awaited Hydrogen Strategy estimating a market to be worth C$50 billion just for the domestic hydrogen sector.
In the USA, the Department of Energy stated that by 2050, the United States could see a two-to-four-fold increase in hydrogen demand across the nation.
China aims to put one million hydrogen fuel–cell vehicles on the road by 2030.
Hydrogen will help these sectors reach net-zero:
- Road transport
- Shipping and aviation
- Heat for buildings
Xfuels Inc. (OTC: XFLS) is a fully integrated energy company that products responsible products both traditional and renewable. The company’s continued focus on carbon footprint reduction and cutting-edge technologies not only benefit the environment and local communities but also add value tothe company’s bottom line.
The company’s (XFLS) proprietary technology is based on the most advanced technology of hydrogen production from methane with energy yield ~4X the 2020 US DOE and is also currently retrofitting a 6MW hydrogen and electricity plant, expecting around $9m revenue once fully operational.
The plant has a full capacity of 6MW biogas/syngas. Syngas is for hydrogen production and biogas is for electricity production. The plant should produce ~ 51,000,000 kWh/year @ $0.179 average per kWh. Also, heat energy generation ~ 36 GWh a year. Xfuels has an electricity production cost of 2 Cents kW/h!
SunHydrogen (OTC: HYSR) is developing a breakthrough, low-cost technology to make renewable hydrogen using sunlight and any source of water, including seawater and wastewater. The only byproduct of hydrogen fuel is pure water, unlike hydrocarbon fuels such as oil, coal and natural gas that release carbon dioxide and other contaminants into the atmosphere when used. By optimizing the science of water electrolysis at the nano-level, our low-cost nanoparticles mimic photosynthesis to efficiently use sunlight to separate hydrogen from water, ultimately producing environmentally friendly renewable hydrogen. Using our low-cost method to produce renewable hydrogen, we intend to enable a world of distributed hydrogen production for renewable electricity and hydrogen fuel cell vehicles.
The company recently announced progress on the development process for the scale-up of its nanoparticle hydrogen generation technology.
Earlier this year, the company announced its cooperation with Schmid Group in Freudenstadt, Germany and InRedox in Longmont, Colorado to develop its technology to commercial scale. Schmid is developing the process and equipment for manufacturing while InRedox is focused on the electrochemical process of creating nanoporous templates on transparent substrates for growing nanoparticles.
The company is also making good progress in the acquisition of the equipment and chemicals for fabrication, testing and validation of large-scale devices. The devices will consist of arrays of billions of nanoparticle-based hydrogen generators, each able to split water molecules into hydrogen and oxygen. Each array will be approximately the size of a single six-inch silicon solar cell.
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