- Canadian-based growth-stage company FuelPositive Corp. is building prototypes for a commercially viable and sustainable clean energy ammonia production system that can enable the hydrogen economy by making the transportation and storage of hydrogen easy and economical
- Ammonia has been a carbon-intense industry, but FuelPositive’s Phase 2 Hydrogen-Ammonia Synthesizer is a highly portable and scalable patent-pending solution for rolling out a carbon-free, on site production model to end users
- A report by scientific and technological innovation magazine New Atlas weighs the potential benefits of using ammonia as a means of storing hydrogen for green energy, including ammonia’s ability to “do a better job of storing hydrogen than hydrogen gas itself”
- Renewable energy sources are growing worldwide, and U.S. President Joe Biden has expressed the country’s renewed desire to work with international partners to combat global climate change, and FuelPositive’s technology could resolve concerns about infrastructure
When U.S. President Joe Biden began his term in office with executive actions that defined his support of a clean energy future and sustainable infrastructure, he declared his desire to resume international cooperation in fighting climate change for the first time since the previous administration’s election (https://ibn.fm/iQjgU).
This month, the President advanced his policies by declaring a plan to shift half of U.S. energy to solar by 2050. But aside from mapping out a future well beyond when he will be in office, Biden’s plan has drawn skepticism for its expectations of upending current technology and the energy industry to redesign the electric grid from its origins to consumer end use (https://ibn.fm/pBVUc).
Such challenges remain a common obstacle in the drive to combat climate change, including questions about the best source for generating renewable energy. Many researchers believe hydrogen is an alluring solution because when hydrogen burns, the only by-product is water. But the traditional process for producing hydrogen from fossil fuels has frustrated clean energy goals. The transportation and storage of hydrogen is also problematic.
A new report by science and technology innovation magazine New Atlas describes the benefits of turning to “green ammonia” for the pathway to a new clean fuel that can serve as an alternative to fossil fuels because of its rich hydrogen properties. Ammonia is also known as hydrogen nitride (NH3) because it comprises three hydrogen atoms bonded to one nitrogen atom.
“Indeed, in many ways, ammonia does a better job of storing hydrogen than hydrogen gas itself,” the New Atlas report states (https://ibn.fm/yE6vE). “H2 is notorious for leaking away through the metal walls of containers, for embrittling steel it comes into contact with, and for taking a lot of energy to liquefy at cryogenic temperatures. And then there’s density: it may sound weird, but there’s one and a half times more hydrogen in a gallon of ammonia than there is in a gallon of hydrogen, all else being equal.”
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF), an innovative company focused on clean energy technologies to address global concerns about climate change, is developing technology that it believes will serve as a cost-effective means of storing and transporting hydrogen via ammonia produced in a carbon-free system as a means of commercializing the process New Atlas’ report describes.
The report notes that ammonia carries 70 percent more energy than liquid hydrogen by volume and nearly three times as much energy as compressed hydrogen gas. By weight, ammonia carries more than 20 times as much energy as today’s lithium batteries, the report states.
FuelPositive’s patent-pending first-of-its-kind carbon-free ammonia (“NH3”) technology is its Phase 2 Hydrogen-Ammonia Synthesizer, a highly portable and scalable system the company expects to roll out in prototype next year through an agreement with National Compressed Air Canada Ltd. (https://ibn.fm/Ss5rb).
FuelPositive anticipates the development of manufacturing, licensing, partnership and acquisition opportunities using its technology.
“We think our company will grow a lot in value over the next six to 12 months as our systems are delivered to end users — the people who need FuelPositive’s carbon-free ammonia,” CEO Ian Clifford recently told a group of young investors (https://ibn.fm/VxWtq).
“Many people don’t know it, but planes, trains, ships, trucks and other vehicles can be converted to run on pure ammonia – just as easily as they can be converted from gasoline and diesel to run on propane,” Clifford stated in a separate news release (https://ibn.fm/Gebaj). “The transportation sector just didn’t see a benefit to switching to ammonia until now, because the production of traditional ammonia results in massive carbon emissions. But, when you use our carbon-free NH3 made from green electricity rather than traditional ammonia, it means we can move people around and transport goods with no pollution.”
Renewable electricity generation is growing at a noteworthy pace in many parts of the world, according to the International Energy Agency (“IEA”), a Paris-based intergovernmental organization. But the IEA also acknowledges that the demand for fossil fuel-based electricity generation is expected to outpace the growth in energy generation from renewable sources for the immediate present as clean energy producers work to accelerate their output (https://ibn.fm/8RRqa).
FuelPositive’s technology provides a potential solution for meeting that need for carbon free energy storage and striving toward global 2050 goals.
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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