RE:News ! Patent Application Filed for an Autonomous, Novacium is currently engaged in discussions aiming to secure grant financing, from two potential clients, to cover 35% to 75% of the costs to deliver the first working prototype of the system by the end of 2024.
“This innovative approach aims to unlock the hydrogen stored in water using eco-friendly and low-cost alloys, providing an alternative, safe, and efficient means of hydrogen production,” said Mr. Oleksiy NICHIPORUK PhD, Novacium's Chief Technical Officer (“CTO”). “We believe this system has the power to transform hydrogen's role as a clean energy source across various industries.”
“The uniqueness of Novacium's hydrogen production system comes from the fact that its re-imagines how to produce hydrogen simply and safely, reducing transportation needs, and therefore holds the potential to have significant implications for hydrogen's role as safe and clean energy on-site source in various industrial applications,” said Mr. Bernard Tourillon, President and CEO of NOVACIUM SAS and HPQ Silicon Inc.
“We are excited to announce the filing of this patent application combined with the quick and high market interest in our solution,” said Mr. Jed KRAIEM PhD, Novacium Chief Operating Officer (“COO”). “It marks a crucial step in our commitment to advancing sustainable and autonomous energy solutions.”