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AmmPower Corp. C.AMMP

Alternate Symbol(s):  AMMPF

AmmPower is a clean energy company focused on the production of green ammonia. The company is active in all facets of green ammonia technology, including the production of green fertilizers, carbon-free shipping fuel, and the ‘cracking’, or moving of green hydrogen as ammonia. AmmPower is based in Toronto, Ontario, with a research and manufacturing facility in Southeast Michigan.


CSE:AMMP - Post by User

Post by Iseneschalon Oct 23, 2024 11:36am
52 Views
Post# 36278626

AMMP....NR yesterday ..... Bharti resigned...Halleluiah!!!!!

AMMP....NR yesterday ..... Bharti resigned...Halleluiah!!!!!

Ammpower, FuelCell Energy to work on ammonia production

2024-10-22 14:04 ET - News Release

Dr. Gary Benninger reports

AMMPOWER ANNOUNCES COLLABORATION WITH FUEL CELL ENERGY TO ENHANCE CLEAN AMMONIA PRODUCTION EFFICIENCY AND ACCEPTS RENE BHARTI'S RESIGNATION AS PRESIDENT

Ammpower Corp. has entered a strategic collaboration with FuelCell Energy Inc. to participate in pilots of distributed ammonia production.

The partnership will result in the integration of Ammpower's modular ammonia production units with FuelCell Energy's highly efficient solid oxide electrolyzer systems, improving clean ammonia production efficiencies and opening new commercial avenues.

Ammonia is a critical ingredient for the production of fertilizer, which is essential for agriculture and food security around the globe.

The technology

Ammpower's proprietary independent ammonia making machine is designed to produce up to four metric tonnes of carbon-free ammonia daily using renewable electricity. By coupling this technology with FuelCell Energy's solid oxide electrolyzer, which operates with high efficiency and integrates excess heat from the ammonia production process, the joint effort is expected to reduce energy consumption by over 25 per cent compared with traditional alkaline or PEM-based processes.

FuelCell Energy's solid oxide electrolyzer cell produces hydrogen at nearly 90-per-cent electrical efficiency without excess heat and can reach 100-per-cent efficiency when using excess heat. Hydrogen produced from electrolysis can be stored long term and transported, allowing energy from wind, solar and nuclear to be available on demand.

"Partnering with FuelCell Energy allows Ammpower to utilize state-of-the-art electrolyzer technology that significantly enhances the efficiency of our IAMM complete units," said Dr. Zhenyu Zhang, chief technologist of Ammpower. "We are excited about the potential of this integration in optimizing the green ammonia production."

"Our platforms are responsive to the clean energy goals of organizations and governments around the world, and we are particularly pleased to bring our technology to the important work of ammonia production to support global food security," said Jason Few, president and chief executive officer of FuelCell Energy.

"As we look forward, our focus is on applying these advanced technologies to meet the critical needs of agriculture and industrial sectors, where ammonia plays a key role," noted Dr. Gary Benninger, Ammpower chief executive officer.

"This partnership is about more than just technological innovation. It's about providing practical solutions that enhance productivity and sustainability in vital industries."

Ammpower and FuelCell Energy are committed to advancing ammonia production technologies that support sustainable agricultural practices and industrial applications, reducing the environmental footprint while enhancing operational efficiencies.

The company also announces that Rene Bharti has resigned as president, effective Monday, Oct. 21, 2024. Mr. Bharti will focus on his role as vice-president, business development, of a publicly traded lithium company based in Val d'Or, Que., Canada. Ammpower would like to take this opportunity to thank Mr. Bharti for his valuable service and to wish him the very best in his future endeavours.

About Ammpower Corp.

Ammpower is a clean energy company focused on the production of green hydrogen feedstock for green fuel and green derivatives. The company is based in Toronto, Ont., with a research and manufacturing facility in southeastern Michigan. The company is active in all facets of green hydrogen feedstock and green fuel production, including the production of green fertilizers, carbon free shipping fuel, and the cracking or moving of green hydrogen derivatives. The company is working on the development of proprietary technologies to produce green hydrogen at scale, including the investigation of unique catalytic reactions, to bring down costs and to take advantage of carbon credits in the renewable energy space. Ammpower currently is completing its IAMM prototype to create green hydrogen feedstock for fertilizer for the agricultural industry.

We seek Safe Harbor.

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