- dynaCERT (TSX:DYA), a renewable energy stock, has secured new and repeat orders for its HydraGEN hydrogen and oxygen generation technology from clients in the mining and oil & gas sectors
- The orders originate from dealers spanning Western Canada, Australia, Brazil, Peru, Mexico and the United States
- dynaCERT manufactures and distributes technology that reduces carbon emissions and produces hydrogen and oxygen on demand
- dynaCERT stock has added 2.63 per cent year-over-year but remains down by 61 per cent since 2019
dynaCERT (TSX:DYA), a renewable energy stock, has secured new and repeat orders for its HydraGEN hydrogen and oxygen generation technology from clients in the mining and oil & gas sectors.
Western Canada
Simple Green, a long-time dealer, is expanding HydraGEN adoption with an oil & gas client after successfully trialing one unit in 2023. A 18-unit order was delivered in Q2 2024, followed by an additional 84 units in Q3 2024 and 12 more in November 2024 destined for Texas and Western Canada.
Australia
Dealer GridFix/Net2Zero delivered one HG4C HydraGEN unit and a HG6C unit to a mining client in October 2024. The following month, it secured an order for an HG1 unit as a backup to two units already powering mining camps in Australia.
Brazil and Peru
Dealer H2Tek delivered on orders for 27 HG1 units and 75 HG2 units with a mining client after an initial pilot involving six smaller HG2 units. Installations are ongoing, including for a previous order of three HG6C units for an H2Tek client in Brazil.
Mexico and Texas
Thinking Capital, a new dealer in Mexico and Texas, recently purchased seven HG1 units. dynaCERT’s technical team led installation training sessions with the first two HG1 units installed on site.
Near-term initiatives
dynaCERT is focused on developing numerous carbon credit projects to benefit HydraGEN users based on its recently announced Verra-approved methodology.
Leadership insights
“The growing demand for HydraGEN technology highlights its tangible benefits to global customers,” Jim Payne, dynaCERT’s chairman and chief executive officer, said in a statement. “With the recent approval of our methodology by Verra and progress in launching multiple carbon credit projects, we are positioned to provide even greater value. Our expanded leadership and global reach give me confidence in our continued growth.”
“Our dealers and partners play a vital role in expanding the use of dynaCERT’s HydraGEN technology across diverse industries, such as mining and oil & gas,” added Ed Cordeiro, dynaCERT’s director of sales. “Their dedication to customer satisfaction drives our progress. We look forward to building on these achievements in the year ahead.”
About dynaCERT
dynaCERT manufactures and distributes technology that reduces carbon emissions and produces hydrogen and oxygen on demand.
dynaCERT stock (TSX:DYA) is up by 2.63 per cent trading at C$0.20 per share as of 11:05 am ET. The stock has added 2.63 per cent year-over-year but remains down by 61 per cent since 2019.
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(Top image of dynaCERT’s HydraGEN technology: dynaCERT)