Hydrogenious Technologies to partner with United Hydrogen Group (UHG) to enter the U.S. market
One of Anglo American Platinum’s investments, Hydrogenious Technologies, a German hydrogen storage startup, has launched its first commercial hydrogen storage and logistics system using the innovative Liquid Organic Hydrogen Carrier (LOHC) technology.
The system features various new technologies, including a Polymer Electrolyte Membrane (PEM) electrolyzer that generates hydrogen using solar power and a Hydrogenious ‘StorageBOX’ that uses LOHC technology to enable storage without any losses for extended periods of time. With the first demonstration of the LOHC technology on a commercial scale, Hydrogenious Technologies proves its technology leadership in the area of hydrogen storage. This achievement has recently been recognized with Hydrogenious Technologies having been awarded with the prestigious German Industry Innovation Award.
Hydrogenious Technologies’ manufacturing plant in Erlangen, Germany, was formally inaugurated at an event attended by key government and business officials in the country including Mrs. Ilse Aigner (Bavarian State Minister of Economic Affairs and Media, Energy and Technology), Prof. Joachim Hornegger (President of FAU Erlangen-Nuremberg), Dr. Katharina Beumelburg (CEO Siemens Hydrogen Solutions) and Mr. Frank Sreball (CEO H2 Mobility).
The investment in Hydrogenious Technologies forms part of Anglo American Platinum’s commitment to support early stage technologies and innovative industrial applications that use or enable the use of platinum group metals. Anglo American Platinum invested in Hydrogenious Technologies’ first financing round in 2014. The developments announced today demonstrate the progress they have made in furthering product development and commercialisation.
Andrew Hinkly, Executive Head of Marketing at Anglo American Platinum, a shareholder in Hydrogenious Technology, said, “We are hugely proud of what Hydrogenious Technologies have been able to achieve in what has been a rather short space of time. The inauguration laid the pathway for the first commercial deliveries and a growing order book.”
Hydrogenious Technologies recently signed a deal with United Hydrogen Group (UHG), a hydrogen distribution company based in the United States, to supply two LOHC systems, one StorageBOX and one ReleaseBOX. The technology will increase delivery ranges and decrease the operating costs of hydrogen logistics for UHG. Further, the agreement enables Hydrogenious Technologies to enter the U.S. market, which represents over 50% of the global hydrogen market, and will catalyse the rollout of hydrogen refuelling infrastructure for Fuel Cell Electric Vehicles (FCEVs.)
Daniel Teichmann, CEO of Hydrogenious Technologies, said, “The United States is the world’s largest market for merchant hydrogen. As the transportation distances are so long, hydrogen logistics companies incur significant costs for hydrogen transportation. Hydrogenious’ safe and efficient LOHC technology turns even long-distance hydrogen transport into profitable business. We are looking forward to the joint roll-out of our technology together with United Hydrogen Group.”