RE:RE:RE:RE:Looks like AXE has larger competitors I trust the fact that the microwave is intermittent compared to Hazer Group (reactor at 900 degrees). It will be interesting to follow the cost and operating cost in future. We should expect news with a major Grant for a project with Aurora in the next couple of months (my opinion). Maybe the Grant will be in Aurora but it will give us a heads up.
Hydrogen production from the Aurora technology has the potential to significantly reduce global CO2 emissions by over 900 million tonnes per year. Additionally, Aurora uses 80% less electricity than electrolysis, the conventional method of producing clean hydrogen, requiring far less electrical generation capacity per kg of hydrogen. And, unlike electrolysis, the process does not require water as a feedstock, preserving another critical and scarce resource.
"At Aurora, we are producing low-cost hydrogen at the point of use, at the exact scale required, and without generating any CO2," said Andrew Gillis, CEO, Aurora Hydrogen. "We use existing energy pipelines and distribution systems to move the energy, then produce hydrogen where it's needed, eliminating the need for any new costly hydrogen transportation infrastructure."
"Energy Innovation Capital invests in innovative companies commercializing technology for clean, abundant and affordable energy for all," said Christopher Smith, managing director, Energy Innovation Capital. "Aurora's novel and thermodynamically sound approach has the opportunity to decarbonize the current carbon intensive hydrogen industry and lead the commercialization of new low-carbon hydrogen applications. The team at Aurora is uniquely positioned to produce hydrogen in one of the fastest, most economical and cleanest ways ever seen on the market."