VANCOUVER, British Columbia, Sept. 03, 2021 (GLOBE NEWSWIRE) -- PowerTap Hydrogen Capital Corp (NEO: MOVE) (FWB: 2K6) (OTC: MOTNF) (“PowerTap” or the “Company”) is pleased to announce that subsidiary Advanced Electrolyzer Systems, developed by Pinakin Patel and his team, a Company that has been the significant recipient of Federal grant awards for their many verticals, have now demonstrated substantial results in the new, novel and critical area of hydrogen recovery from natural gas pipelines.
Our landmark testing has demonstrated that the patented AES technology has an ability to store excess renewable electricity as hydrogen in natural gas pipelines. Currently, there is NO cost-effective solution to recover this hydrogen for commercial usage.
Bench testing over a period of 5000 hours has shown that the efficient extraction of hydrogen stored in natural gas pipelines is commercially viable with AES’ systems.
This both solves a major problem (grid instability) and creates a major new potential source of clean energy (hydrogen capture and storage) that heretofore has been discarded or uncapturable in an economic fashion.
In many jurisdictions globally, excess solar and wind power are leading to grid instability issues causing a lack of predictability and reliability for large-scale consumers of power. The current solution is “curtailment” of production. This is a very inefficient and expensive means of managing grid stability. The State of California alone has seen over USD $100 million in lost revenue due to the need to manage excess power within its electricity grid1. Further, California must pay neighboring states to remove excess green electricity at an enormous cost and burden.
Our solution, which applies worldwide, focuses on the “low hanging fruit” as AES technology can store this valuable excess electricity as hydrogen, within existing natural gas pipelines. “Recovering this hydrogen for reuse is a potentially multi-billion dollar market”, said Mr. Pinakin Patel.
The hydrogen stored in the pipeline will be about 10% hydrogen content by volume without any significant modifications to existing infrastructure. Our advanced technology provides a cost-effective solution for extracting this “lost” hydrogen for higher value use in the emerging green transportation industry. The key value proposition offered by our technology is its ability to extract hydrogen at the point of use, thus eliminating the hydrogen transportation costs and associated safety issues.
Across the United States and Europe, this would mean substantial progress towards hydrogen infrastructure needed for clean and green electric vehicles. Every billion cubic feet of natural gas containing 10% hydrogen translates into 100 million cubic feet of hydrogen. This represents enough hydrogen to drive a local economy of electric cars, buses, trucks, and trains. Our technology provides a modular, scalable, low-cost solution to extract this hydrogen safely and efficiently from existing natural gas infrastructure.
AES is now scaling up its bench scale testing which will demonstrate its performance at a host site pipeline. Given results to date and the testing infrastructure already in place, PowerTap estimates that this technology can rapidly move towards commercialization, tapping into rapidly emerging multi-billion dollars markets of green hydrogen markets.
https://www.globenewswire.com/news-release/2021/09/03/2291609/0/en/PowerTap-Reports-Breakthrough-Extracts-Lost-Hydrogen-From-Natural-Gas-Pipelines.html