Hydrogen Future Industries
Investing in the future fuel
Developing a proprietary wind-based green hydrogen production system utilising advanced aerodynamics and rotor blade design and a high-performance (AEMWE) electrolyser using cheaper and more readily available materials.
Hydrogen is essential to combatting climate change:
- The hydrogen economy is centred around using hydrogen to decarbonise hard-to-abate sectors such as mining, cement, steel, and long-haul transport and developing the associated energy delivery infrastructure.
- Hydrogen can provide the lowest-cost decarbonisation solution for 22% of final energy used by 2050, roughly equivalent to the role electricity takes in today’s global energy mix.
Video Update (14 Nov 23)
A deep-dive into the patented HFI green hydrogen energy system. Video
Zak's Trader Cafe Interview (19 Oct 23)
Zak Mir talks to Timothy Blake, CEO HFI Energy Systems, about the technology behind the green energy play, and how the company is currently progressing. INTERVIEW
Issue of Equity and Warrants (5 Oct 23)
Full RNS – LINK
Daniel Maling, Executive Director of HFI, commented:
“We at HFI are pleased to have completed the deferred component of the IP acquisition at an effective share price of 10 pence. The suite of international patents are derived from over 12 years of valuable research by Tim Blake including the key aspects of our novel green hydrogen production system.
“The wind turbine component, which had previously demonstrated increased energy generation of over 300% in wind tunnel testing, is now delivering similar performance data in Montana where we have installed a 1 metre prototype.
“Tim and the team have been busy adjusting our wind turbine hardware in varying weather conditions in Montana; whilst Dr Nicholas Blake is advancing our development of the Anion Exchange Water Membrane electrolyser, which is free from costly platinum group metal catalysts, in California. With both the turbine and electrolyser testing proving positive, and our IP secured, we are focusing on accelerating our partnering discussions and commercialisation pathways.”
Interview: Timothy Blake, CEO of HFI Energy Systems (6 Sep 23)
Zak Mir talks to Timothy Blake, CEO of HFI Energy Systems as the developer of a proprietary wind-based green hydrogen production system, updates on its testing and development activities. LINK
Hydrogen Future Industries Plc - Technology Update (6 Sep 23)
Hydrogen Future Industries plc (AQSE: HFI), a developer of a proprietary wind-based green hydrogen production system, is pleased to provide the following update on its testing and development activities, including initial data which is supportive of wind tunnel results from earlier prototypes. MORE
Hydrogen Future Industry powers ahead with its plans for green energy (25 May 23)
Who We Are
We back technologies which aim to reduce the cost of hydrogen produced from renewable energy and provide hydrogen energy storage at a fraction of the cost of lithium-ion batteries.
What we do
Our most advanced system in development is a unique, highly efficient wind turbine, combined with a high-performance electrolyser, which aims to generate green hydrogen for under $2/kg.
Why we do it
Hydrogen is critical to combatting climate change. It is a clean-burning fuel and an efficient energy carrier with the potential to replace fossil fuels in hard-to-abate sectors. But the economics of green hydrogen remain challenging. Our business model is focused around reducing the cost of green hydrogen. $2/kg H2 relates to a cost of $0.06-$0.10/kWh.
Where we’ll do it
One commercialisation path is for modular independent hydrogen power systems for off-grid and remote energy supply for use in heavy industry and EV charging. On a larger scale our system could be used to establish offshore wind-to-hydrogen energy hubs.
The cost of green hydrogen production currently sits between around $3.25-$8.75/kg and must be reduced to under $2/kg to meet global targets this decade. HFI’s strategy is to develop a wind-based system which achieves this utilising advanced aerodynamics and rotor blade design and a high-performance electrolyser using cheaper and more readily available materials.
The company aims to have built its first commercial scale 15 metre diameter system by late 2024.
HFI’s future end markets include:
- Hydrogen production and storage
- Offshore floating wind turbines – any country with coastline can be energy self-sufficient
- Small onshore wind markets
- Mining industry – HFI’s system can be used to extract hydrogen from wastewater on mine sites to power operations (company has agreement in principle to collaborate with a global mining major)
The group also has an agreement with a UK developer of hydrogen production and distribution facilities (a company which is 20% owned by HFI) for HFI’s system to be implemented as their preferred green hydrogen production technology.
HFI’s system: wind turbine
- Features advanced aerodynamics and rotor blade design
- Smaller, quieter, safer, more efficient alternative to existing open rotor wind turbines
- Proprietary rotor blade design with optimised cowling directs airflow across blades, creating multiple factor increase in wind speed
- Years of numerical modelling and wind tunnel development have indicated 3x increase in energy generation over existing open rotor wind turbines due to unique design spreading energy across rotor blades
- No gearbox or generator required: reduces weight and cost of nacelle; simplified installation and maintenance; standardised transportation
HFI’s system: high-performance electrolyser
- Electrolyser aims to improve power efficiency, longevity and cost; testing at up to 97% efficiency
- Developing an Anion Exchange Membrane Water Electrolyser (AEMWE) without platinum group metal catalysts – cheaper and more readily available materials, features include:
- 50% cheaper than Proton Exchange Membrane (PEM)
- Variable Cell technology that optimises the electrolyser to the available energy, works with renewable energy
- 7-10 year membrane life
- Zero Gap
- Carbonised material electrodes
- No wash-off of catalysts provides exceptional electrode life without output efficiency depletion over time as with PEM
- Concept testing led by quantum-physicist Dr Nicholas Blake in California
- Patent searches and application writing underway
- Phase I and II testing with 1 metre diameter prototype completed in Montana, USA; Phase III testing of upgraded turbine to measure energy output and gather data is underway with initial data supportive of the system’s capacity to produce low-cost renewable energy and therefore affordable green hydrogen
- Concept testing of an electrolyser for the hydrogen production system is ongoing in California, USA
- Acquisition of suite of patents in 2022 significantly enhances IP
- Patents were granted in respect of work undertaken by Tim Blake between 2015-2018, prior to him joining HFI covering a range of works including:
- Ducted wind turbine rotor configuration
- Dynamic telescopic tower to optimise wind farm energy production and reduce maintenance cost
- 3D yaw control
- Variable hydraulic drive and electro-magnetic clutch to increase efficiency and lower cost of energy production
- Conversion of stored energy to green hydrogen
- Patents cover most major markets where HFI plans to develop the hydrogen energy systems
- Potential wider commercial applications for patents exist in renewable energy generation sector beyond HFI’s systems
Tim Blake - CEO, HFI Energy Systems
Tim Blake is CEO of HFI Energy Systems Limited (HESL), a wholly owned subsidiary of Hydrogen Future Industries. HESL has been formed to develop proprietary wind and water-based hydrogen production systems, incorporating hydrogen compression and storage. Tim has considerable experience in the development of efficient turbine systems, an area in which he has specialised for over a decade and written multiple patents. Prior to working on the development of turbine systems, Tim spent numerous years, and built a niche and highly regarded network, in the motorsport and transportation industries, working alongside companies including Lexus/Toyota, General Motors, and Airbus.
Neil Ritson - Non-Executive Chairman
Neil Ritson is an energy sector professional with a career spanning over 40 years, including 20 years in various technical and managerial positions with British Petroleum. Neil was formerly International Vice President at Burlington Resources, which was acquired by ConocoPhillips, and Executive Chairman at Solo Oil plc (now Scirocco Energy plc). He currently serves as Non-Executive Chairman of Helium Ventures plc (AQSE: HEV).
Daniel Maling - Executive Director
Daniel Maling is a member of the Chartered Accountants of Australia & New Zealand. He has over 20 years of senior corporate and commercial management experience primarily in the natural resource and technology sectors.
Daniel has worked with several AIM, ASX and TSX listed companies providing corporate finance, business development and strategic advice. Previously Mr Maling was Corporate Finance and Business Development Manager for AIM listed mining and oil and gas investment house Cambrian Mining plc which merged with Western Canadian Coal plc before being bought by Walter Energy for US$3.3bn.
Fungai Ndoro - Non-executive Director
Fungai Ndoro is an experienced corporate financier who specialises in working with growth companies within the London market. She has worked in the City for over a decade and has spent most of her career at Peterhouse Capital, advising and executing a broad spectrum of corporate transactions for public companies, including IPOs, acquisitions and disposals, fundraisings, and structural reorganisations. Fungai has executed the structuring and launch of several companies within sectors including resources, technology and life sciences. She is currently a non-executive director of Helium Ventures Plc and executive director of Quetzal Capital Plc.
Ryan Neates - Finance Manager
Ryan Neates is a member of the Chartered Accountants of Australia & New Zealand. He has over eight years of experience in both private practice and the commercial sector. Whilst in private practice he specialised in business advisory and the business valuation process.
Since moving to the UK in 2019 Ryan has gained experience working with large multinationals in the Healthcare and Property sectors throughout the UK and Europe. More recently he has been involved with publicly listed companies across various exchanges primarily in the mining and life sciences industries.
As a result of his varied background, Ryan has developed a wide ranging skill set suitable for approaching complex issues and delivering dynamic solutions. Most of all he is excited to be assisting in maximising the great potential that Hydrogen Future Industries possesses.