- Company introduces lower-cost method for hydrogen production accelerating the Hydrogen Economy
CAMARILLO, Calif.–H24US Corp. today revealed that it is developing a new process that enhances hydrogen separation through advanced membrane technology. The Company believes this disruptive technology is a key enabler to boost the Hydrogen Economy Roadmap
Company President Mike Rocke stated that “The new technology has created a cost-effective solution for selecting hydrogen out of gas mixtures that are produced from multiple sources. The H24US process does not use large quantities of expensive precious metals in its manufacture. This technology is a key to overcoming certain cost issues moving towards acceptance of hydrogen as the future of clean, zero-carbon energy.”
CEO Charity Cheiky has highlighted the evolution of the H24US technology stating, “In this case, we are demonstrating disruptive innovation by re-purposing and enhancing an earlier technology.”
The global hydrogen energy storage market is projected to reach USD 18.2 billion by 2024 from an estimated USD 13.7 billion in 2019, at a CAGR of 5.8% during the forecast period. There is an increase in demand for hydrogen in the chemical industry and for hydrogen in stationary, portable power, and fuel for current model fuel cell vehicles.
For over 50 years, hydrogen has been safely produced, transported and used by many industries with established best practices. People are surprised to learn that hydrogen is both the cleanest fuel available and even safer than other flammable fuels such as gasoline.
In January 2020, the California Energy Commission targeted 100% climate-friendly energy by 2045. Because storing hydrogen in gas form is an easy, cost-effective path to a carbon-free footprint, the H24US technology will help drive this energy segment, which held the major market share for hydrogen energy in 2018.
The company is currently looking for additional people to support this new technology and the investment needed to build out the company’s hydrogen production infrastructure.
Founded in late 2019, H24US is a spin-out from the Global FFT incubator, a company that develops clean energy technology to support the global de-carbonization roadmap. More information about H24US can be found at H24US.com.