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H2U Partner De Nora Confirms Success of H2U's New Non-platinum Group Metal (PGM) Catalyst for Low-Cost Green Hydrogen Production via Water Electrolysis

LOS ANGELES, March 29, 2022 /PRNewswire/ -- De Nora and H2U Technologies Inc. announced today their Joint Development Agreement (JDA) to examine the viability of newly identified non-platinum group metal (PGM) catalysts for green hydrogen production. Through their partnership, De Nora will help bring H2U's innovative, earth-abundant catalysts to the electrolyzer market. These new catalysts will fill a critical gap in the development of low-cost green hydrogen, decreasing a significant cost barrier to growing the hydrogen value chain and promoting the energy transition.

De Nora has also confirmed new success with a non-platinum group metal (PGM) catalyst identified by H2U for green hydrogen production, marking a significant milestone in H2U's catalyst discovery efforts. H2U's electrocatalyst compounds for OER and HER reactions show viability for low-cost, scalable green hydrogen production by eliminating PGM in water electrolysis.

H2U Non-PGM Catalysts

H2U Technologies boasts the world's most advanced, effective technology and systems for discovering and developing new non-PGM electrocatalysts composed of earth-abundant elements. Low-cost electrocatalysts are key components for use in water electrolysis to generate green hydrogen that drives the Hydrogen Economy. Such technology innovations include H2U Technologies' proprietary systems for high-throughput screening of compositions to determine catalytic activity.

De Nora Water Electrolysis

With almost a century of technical leadership, De Nora is a world leader in developing and manufacturing electrodes for almost every industrial electrolysis application and is serving the largest OEMs of water electrolysis equipment and plants globally.  De Nora and H2U formed a partnership a year ago to exploit H2U's proprietary Catalyst Discovery Engine™ system in order to discover and develop revolutionary electrocatalysts for hydrogen production via water electrolysis. 

Green Hydrogen and the Energy Transition

"Green Hydrogen" is the new highly anticipated energy carrier for decarbonizing the global economy. It is produced from renewable energy sources such as solar and wind, and Alkaline and PEM electrolyzers, which produce hydrogen, are ideally suited for pairing with such highly variable resources.

Hydrogen offers the ability to store renewable energy across months and seasons, as well as the ability to serve as a carbon-free fuel for heavy transportation such as ships, aircraft, trains and trucks. H2U's proprietary low-cost catalysts are designed to substantially reduce electrolyzer CAPEX requirements, especially in the coming years, where highly constrained sources of PGM materials will lead to shortages and remarkable price increases, presenting a major barrier to a rapid energy transition. 

"We are excited to undertake this opportunity with H2U Technologies," said Christian Urgeghe, Chief Technology Officer of De Nora. "PGM catalysts – specifically platinum and iridium – present a major chokepoint in the evolution of the Hydrogen Economy. We need to replace these expensive, rare materials with earth abundant compounds so that our electrolysis customers can scale their businesses, and H2U Technologies has a credible approach to accomplish this important goal."   

"We are fortunate to be working with a partner like De Nora - a global leader in catalytic coatings and Membrane Electrode Assemblies (MEAs) for electrolysis – to bring our low-cost earth abundant catalysts to the hydrogen electrolyzer market," said Mark McGough, CEO and President of H2U Technologies. "We look forward to continued collaboration and partnership with De Nora in our mission to reduce the cost and enable global scaling of green hydrogen."   

About Industrie De Nora Spa. www.denora.com
De Nora is a global supplier of innovative technologies and solutions and is recognized as a partner of choice for important industrial electrochemical processes. Since its foundation in 1923, De Nora is driven by the philosophy of continual improvement by way of developing and manufacturing electrodes and electrochemical systems. The Company offers advanced disinfection and filtration technologies to solve problems related to municipal and industrial water treatment. De Nora is committed to the development of unconventional solutions to achieve energy transition to decarbonization and clean water for everyone. Worldwide over 1,600 employees work together dynamically, sharing knowledge to achieve a sustainable future.

About H2U Technologies, Inc.
H2U Technologies is a developer of new catalysts used for the electrolysis of water into hydrogen and oxygen. The company also develops a grid-scale PEM electrolyzer, the Gramme 50. The technology underpinning H2U Technologies' products is based on 10 years of research and development funded by the U.S. Department of Energy through Caltech's Joint Center for Artificial Photosynthesis (JCAP). For more information, visit h2utechnologies.com.

Press Contact:
Nneka Etoniru
FTI Consulting
P: +1 (332) 213-7903
nneka.etoniru@fticonsulting.com

SOURCE H2U Technologies

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Clean Hydrogen Technology Developer Will Use Proceeds from Follow-on Offering to Build the World's Fastest Electrocatalyst Discovery Process and Disruptive PEM Electrolyzer

LOS ANGELES, March 2, 2022 /PRNewswire/ -- H2U Technologies, Inc. (H2U), the developer of new energy technologies to produce green hydrogen, closed an oversubscribed $11 million Series A funding round with leading venture capital and energy firms, led by Jericho Energy Ventures (Jericho)(TSXV:JEV)(Frankfurt:JLM0)(OTC PINK:JROOF), Freeflow Ventures (Freeflow), VoLo Earth Ventures (VoLo), and Hess Corporation (Hess)(NYSE:HES).

H2U raised a $7M first tranche of Series A financing in 2021, which was co-led by Jericho, Hess, Dolby Family Ventures and Motus Ventures.

"H2U has discovered abundant, low-cost catalysts for green hydrogen production, replacing rare, expensive PGMs. Coupled with H2U's novel, low-cost electrolyzer design, we and our partners will produce least-cost green hydrogen, so we are thrilled to have such support from new and existing investors," said Mark McGough, President and CEO of H2U.

"We are excited to have H2U in our portfolio of businesses," said Brian Williamson, CEO of Jericho Energy Ventures. "H2U's cutting-edge technology will play an integral role in accelerating the production and deployment of clean hydrogen to advance the energy transition. We look forward to partnering with H2U and providing the necessary resources to build upon its differentiated product offering."

Proceeds from the deal will be used for the advancement of H2U's innovative electrolyzer designs and to commission the build of its proprietary Catalyst Discovery Engine™ (CDE). The CDE is one million times faster than traditional catalyst discovery processes and uses artificial intelligence to identify non-PGM (Platinum Group Metals) PEM catalysts.

The Big Picture

Due to the rapidly growing demand for clean hydrogen and the use of rare earth metals in many forms of clean hydrogen production and utilization, most expect demand for rare earths to increase dramatically in the coming decades. To prevent shortages in critical materials that would interfere with today's primary pathway for clean hydrogen production, the industry needs to materially reduce or fully eliminate its reliance on expensive, finite and singly sourced rare earth metals. This is now a widely known issue – the DOE recently identified through its Clean Hydrogen Electrolysis Program that fundamental research will be required to replace non-precious metal electrocatalysts facilitating the advancement of hydrogen production technologies.

Reliance on rare and precious metals such as iridium dramatically increases the cost of PEM electrolysis, and ultimately the cost of green hydrogen. However, H2U's CDE can identify earth-abundant alternative catalysts at a rate one million times faster than known industry methods, unlocking a critical barrier to PEM water electrolysis scalability and maximizing the production of ultra-low-cost clean hydrogen. H2U will leverage this unique platform by developing its own non-precious metal-based PEM electrolyzer for widespread commercial adoption.

Partners and Investors Weigh In

David Fleck, Founder and Managing Partner of Freeflow, states, "This investment underscores our commitment to back the visionary companies with roots at Caltech that are solving complex problems in human and planetary health. By embracing technological disruption, H2U is paving the road toward net zero emissions."

"We (VoLo Earth Ventures) are tremendously pleased to join the H2U team," Eric Riesenberg, Managing Partner of VoLo and newly appointed board director at H2U, said. "VoLo's fund is dedicated to decarbonization and new energy investments and was impressed by H2U due to its great management team and highly differentiated low-cost approach to generating green hydrogen through PEM water electrolysis." 

"H2U is leading the way in developing the technologies that are needed to advance the global energy transition. We are pleased to make this investment to further accelerate H2U's remarkable innovation in the hydrogen space," said Tim Goodell, Executive Vice President and General Counsel of Hess.

"Under McGough's leadership, H2U has hired an enviable staff of scientists and engineers working to create a step change in the pace of global decarbonization efforts," said Tom Werner, H2U's Chairman of the Board. "H2U's innovative work to identify new catalysts that significantly reduce costs – as was done for solar – is imperative to scaling green hydrogen production to a level that will allow the world meet its carbon reduction goals."

A Track Record of Success

In 2021, H2U announced a strategic partnership with SoCalGas, the largest natural gas distributor in the U.S, who recently announced plans to replace up to 25% of their natural gas with clean hydrogen, requiring 10 to 20 GW worth of electrolysis capacity. The pair have partnered to pilot H2U's novel PEM electrolyzer – the Gramme 50™ (G50) – which features breakthrough sub-component innovations to enable low-cost green hydrogen production. 

"Innovations that make green hydrogen production more cost-effective and scalable are critical to providing clean, safe and reliable energy for the nearly 22 million Californians we serve while reaching our net-zero emissions goal," said Neil Navin, SoCalGas vice president of clean energy innovations. "Partnering with H2U Technologies will provide meaningful advancements that aim to move this important technology forward."

H2U headquarters are located in a 25,000 square foot facility in Chatsworth, CA.

About H2U Technologies, Inc.
H2U Technologies is a developer of new catalysts used to start or speed up the electrolysis of water into hydrogen and oxygen. The company also produces a grid-scale PEM electrolyzer, the Gramme 50. The technology underpinning H2U Technologies' products is based on 10 years of research and development funded by the U.S. Department of Energy through Caltech's Joint Center for Artificial Photosynthesis (JCAP).

 

For more information, visit h2utechnologies.com

 

Contact:

Angela Fuller

Angela.fuller@h2utechnologies.com

Press Contact:
Nneka Etoniru
FTI Consulting
P: +1 (332) 213-7903
nneka.etoniru@fticonsulting.com

SOURCE H2U Technologies

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H2U Technologies Announces New CEO to Lead Commercialization of PGM-free PEM Electrolyzers for Green Hydrogen Production

Mark McGough joins H2U Technologies, Inc. as CEO and President.

December 20, 2021 05:21 PM Eastern Standard Time

LOS ANGELES--(BUSINESS WIRE)--H2U Technologies, Inc. (H2U) announced today that Mark McGough has joined the company as President and Chief Executive Officer. Mr. McGough has a long and successful track record commercializing new energy technologies, including introduction of the ultracapacitor as a new class of energy storage technology while President of Maxwell’s Advanced Energy Storage business, and as CEO and commercialization leader of fast growth startups like Ioxus, Energetics and Pentadyne Power.

H2U is developing the world’s lowest cost PEM electrolyzer, the Gramme50, designed specifically for producing the lowest levelized cost green hydrogen, to enable scaling of the Hydrogen Economy. H2U’s key enabling technologies for achieving and maintaining low CAPEX are H2U’s proprietary low cost earth abundant non-PGM catalysts, and its disruptive PEM design which allows for easy upgrades to the catalyst/MEA as H2U continuously improves it’s Platinum and Iridium replacements.

“Green Hydrogen” is the new highly anticipated energy source for decarbonizing the global economy. Green hydrogen is made from renewable energy sources like solar and wind generation, and PEM electrolyzers, which produce hydrogen, are ideally suited for pairing with such resources. Green hydrogen offers the ability to inexpensively store renewable electricity at grid scale for long periods of time, as well as the ability to serve as a carbon free fuel for heavy transportation such as ships, aircraft, trains and trucks – a clear advantage over battery storage.

"I am thrilled to join H2U Technologies - the best science team in this business – and equally excited to lead commercialization of the unique H2U catalyst and electrolyzer product sets that address a key barrier to scaling the Hydrogen Economy," said Mark McGough, the new President and CEO of H2U Technologies. “H2U has the world’s fastest electrocatalyst discovery capability, and we have already demonstrated the ability to produce hydrogen with full replacement of expensive iridium catalyst materials. Also, H2U’s novel low cost electrolyzer design, fitted with our new PGM-free catalysts, will begin customer demonstrations in mid 2022.”

CalTech Professor and H2U Co-Founder Nathan Lewis adds, "I couldn’t be more pleased to welcome Mark onto our team. I founded H2U with the vision of a clean energy future, and we have just hired a highly successful, proven executive with the experience and capabilities to lead us to a realization of that vision."

About H2U Technologies, Inc.

H2U Technologies is a developer of new catalysts used for the electrolysis of water into hydrogen and oxygen. The company also develops a grid-scale PEM electrolyzer, the Gramme 50. The technology underpinning H2U Technologies' products is based on 10 years of research and development funded by the U.S. Department of Energy through Caltech's Joint Center for Artificial Photosynthesis (JCAP). For more information, visit h2utechnologies.com.

Contact:

Angela Fuller

Angela.fuller@h2utechnologies.com

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