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Colorful Bubbles

Catalyzing the Hydrogen Economy

A clean energy future is here.

The promise of a clean energy future powered by hydrogen has finally arrived. Commercial and government led initiatives for clean energy from green hydrogen are underway in transportation and power generation. Numerous countries have announced national strategic initiatives for the adoption of hydrogen for clean energy generation and reduction of carbon emissions.

H2U discovers and commercializes abundant inexpensive catalysts enabling the world to
SCALE THE HYDROGEN ECONOMY

H2U_LOGO

The Plan

Why

The problem the world is facing now is a barrier to scale of electrolyzers that rely on precious metals

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Today: Iridium $5600/toz, Platinum $1280/toz = 20%+ of  Electrolyzer cost by 2030 assuming NO price increases !

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As Electrolyzer CAPEX Falls, Catalyst Costs DOMINATE

The current anode catalyst, Iridium is one of the rarest elements on earth

 

90 GW of Installed Electrolyzer Capacity by 2030

  • requires 25 tonnes of Iridium

  • only 3 tonnes / year mined globally!

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"Current production of iridium and platinum for Proton Exchange Membrane electrolysers will only support an estimated 3 GW to 7.5 GW annual manufacturing capacity, compared to an estimated annual manufacturing requirement of around 100 GW by 2030"

International Renewable Energy Association (IRENA)

The Hydrogen Economy is CAPEX driven

Old World – Carbon Powered Electricity - OPEX driven  

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•Carbon based Electricity is expensive 

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•Design goal: HIGH EFFICIENCY –

use expensive materials to achieve highest efficiency

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New World – Renewable Electricity CAPEX driven (H2U)  

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•Renewable Electricity is (near) free

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•Design goal:  CHEAP – use cheap materials to achieve lowest CAPEX

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H2U Business Model

LOW COST DISRUPTION, 2 CHANNELS TO MARKET

DISRUPTIVE SCALABLE ELECTROLYZERS

Catalyst Discovery

THE ENGINE BEHIND H2U

CATALYST DISCOVERY ENGINE

H2U Gramme 50 Electrolyzer

•Low Cost, High Scalability

•Upgradeable

•Automated Assembly 

•Disruptive

Novel and disruptive design

 

KEY Feature: Low cost design

  UPGRADEABLE

 

Pricing Target:  $0.50/W

 

Key Feature: H2U catalyst and EL stack

 

BOP:  Provided by channel partner

 

Drives rapid, large scale adoption of grid scale electrolysis.

 

FCS target:  2022

Low CAPEX = Low LCOH

(Levelized Cost of Hydrogen)

Today

  • Capacity Factor: 

% of time system is producing H2

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  • Electricity Conversion Efficiency: 

% of electric energy input converted to making hydrogen

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  • System Capital Cost (CAPEX): 

cost of electrolyzer machine not including installation or infrastructure

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  • Renewable Electricity Cost: 

cost $/kWh of renewable electricity supplied to electrolyzer

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  • Operating Life: 

Years of operational life if machine is 100% utilized (i.e. 100% capacity factor)

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  • Operating Expense (OPEX):

sysmaint + electricity

H2U (Low CAPEX)

Opportunity - The Hydrogen Economy, TAM

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