GREY:XEBEQ - Post by User
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SORNG1on Aug 18, 2021 3:13pm
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Post# 33724737
RE:HyGear electrolyzer sales - a hidden gem?
RE:HyGear electrolyzer sales - a hidden gem? There is a significant difference between Next Hydrogen and HyGEAR. Next Hudrogen produces Green Hydrogen from electrolysis of water. They advertise a more economical process than anyone else and their stock price is rising. The electricity used has to be Renewed Electricity from wind/solar/hydro farms. The resulting hydrogen has to be transported to the end use of hydrogen (filling station or industrial user. Building the wind/solar farms will be expensive. Building the infrastrucure to transport hydrogen will be expensive. It is not safe to transport hydrogen in existing pipelines that transport natural gas. Hydrogen is not Green Hydrogen if electricity comes from a natural gas/coal power plant. Electrolysis of water to produce hydrogen is more expensive than methanation of natural gas. Although HyGEAR has the capability for electrolysis, the majority of their hydrogen production is from natural gas. By using RNG, the hydrogen produced is considered Green Hydrogen. The RNG can be piped in existing infrasturcture to the onsite HyGEAR unit. Only a short amount of hydrogen safe pipes will be needed to go from the onsite HyGEAR to the filling station pumps or the industrial user of hydrogen. It sounds like a much more economical way to get the same Green Hydrogen. Does HyGEAR have a promising future? The answer would be YES.