Aurora H2 is obligated to finish its Series 1I see two things happening here. Hope you guys can see it too.
I don't have time right now to write with exact details.
Here's the timeline:
Prior to Jun 23, 2022 Aurora pitches for $ funding its noval idea
Jun 23, 2022 Aurora H2 raised/closed US$10mm in Series 1 raise (or +C$13mm) and is closely following through defined deliverables declared within the parameters that it pitched to raise the Series 1.
Currently (according to what I can find out, so this is IMO my opinion only) Series 1 appears to be late in its schedule, now reaching 200kg H2 per day using microwaves 75kW @915MHz, or Phase "demo plant v2.1). I see they pegged v2.1 to be online Q3 2023 or late.
Plant is being built in a building in Sherrit's indusctrial campus in Fort Sask nearby NE Edmonton.
This is adjacent to other giant H2 providers campuses : DOW, Liquid Aire,etc.
IMO my expectation is This plant needs to also meet capital and opex set in their Series 1 pitch.
Afterwards
The Aurora H2 and AXE collaboration appears to have started well before they both receive the C2mm
* AXE has 2 patent pending in publication stage for H2 and CTI RF. This was submitted a while back. Probably around the time Laura and Dr O was talking H2 in the AXE h2 video. IMO
* Acceleware Announces CTI Collaboration with Aurora Hydrogen
September 07, 2022
* Acceleware and Aurora Hydrogen Announce $2 Million in Shared Funding from Alberta Innovates Hydrogen Centre of Excellence for Turquoise Hydrogen Collaboration
February 22, 2023
IMO AXE CTI potentially will be used in another project (major scale up) after the current Aurora H2 Series 1 project completes.
In order for Aurora to reach 2000kg H2/d with microwave, (my guess is they build 10x 200kg/d plants, so now quite the solution)