Powertap reports accelerated commercial development of at home green hydrogen solution.
PowerTap Hydrogen Capital Corp. announce that its 49% owned subsidiary, AES-100 Inc. (“AES”), a leading clean hydrogen technology company, has initiated design and development activities for a green-hydrogen home power unit. This unit is being sized for applications to meet the needs of average North American households, revolutionizing green power production.
The global addressable market for hydrogen is estimated to be approximately US$150 billion at present but is estimated to reach over US$600 billion by 2050.1 With nearly 140 million homes in the United States2 alone, the market opportunity is both tremendous and transformative.
AES will initially focus on commercialization in states such as California with excess green electricity that is routinely curtailed. This curtailment is expensive to ratepayers. This wasted green electricity could otherwise mitigate the need for fossil-fueled energy that generates harmful greenhouse gases.
🔥 What about we co-host a webinar? Let's educate, captivate, and convert the hydrogen economy!
Hydrogen Central is the global go-to online magazine for the hydrogen economy, we can help you host impactful webinars that become a global reference on your topic and are an evergreen source of leads. Click here to request more details
The AES technology provides a bridge between the day-time excess green electricity and the evening-time shortage, when solar energy is not available. This beneficial deployment of the AES technology for home power will expedite green hydrogen as a viable fuel source, while stabilizing the power grid to permit greater penetration of renewables such as solar and wind.
It is designed to leverage existing infrastructure, while saving billions in taxpayer investment, making it a win/win for both the government and public alike.
The home power unit is much smaller – typically a few kilowatts (kW) in size. It does not require extensive scaleup efforts that are needed for larger units for industrial applications in megawatt (MW) size. AES anticipates a much shorter development timeline for the home power unit, approximately half the time required for our development of the anticipated industrial sized AES units.
This means that AES units offering green hydrogen to the home can be in the market sooner and with much lower capital investment. It will begin its beneficial contributions in solving the world’s pressing climate change problems sooner, and will also provide a valuable foundation for larger size industrial applications with a reduced risk for associated capital investment.
Mr. Pinakin Patel
This fast-track approach will bring AES technology from research to reality sooner.
“It promises earlier return on our investment at lower risk. We are very excited to see an accelerated path to commercialization.” Thanks for staying up to date with Hydrogen Central.
ABOUT POWERTAP HYDROGEN CAPITAL CORP.
PowerTap Hydrogen Capital Corp., through its wholly owned subsidiary, PowerTap Hydrogen Fueling Corp. (“PowerTap”), is focused on installing hydrogen production and dispensing fueling infrastructure in the United States. PowerTap’s patented solution has been developed over 20 years.
PowerTap is now commercializing its third-generation blue hydrogen product that will focus on the refueling needs of the automotive and long-haul trucking markets that lack hydrogen fueling infrastructure.
There are currently under 100 operational publicly available hydrogen stations in the United States with most of the existing stations purchasing industrial hydrogen from industrial manufacturers and shipping hydrogen to individual stations via tanker trucks.
www.PowerTapcapital.com
www.PowerTapfuels.com
PowerTap Hydrogen common shares are listed on the NEO Exchange. Please visit the company’s profile on the NEO Exchange website at https://www.neo.inc/en/live/security-activity/MOVE#!/market-depth.
Hihglights:
- AES-100 Inc. (a leading clean hydrogen technology company) developing transformational direct-to-consumer green hydrogen power unit for the common American home
- AES technology positioned to save government and municipalities billions in infrastructure spend
- Accelerated development timeline to be twice as rapid as for industrial sized application, leading to expedited commercialization
PowerTap Reports Accelerated Commercial Development of at Home Green Hydrogen Solution, Toronto, January 10, 2022
