World’s First 125KW-AEM Electrolyzer Delivered by Future Hydrogen!
On January 12, 2025, Future Hydrogen marked a historic milestone by officially delivering the world’s first 125KW-AEM electrolyzer to Huaneng Jiuquan Power Plant. This groundbreaking innovation is powered by Future Hydrogen’s proprietary technology, featuring key components with fully independent intellectual property rights.
This next-generation AEM electrolyzer sets new benchmarks in hydrogen production with its high current density, superior electrolysis efficiency, and rapid adaptability to dynamic load fluctuations. It is designed for seamless integration with renewable energy sources and transforms fluctuating power generation into green electricity and hydrogen.
The advantages are striking: the AEM electrolyzer is just 1/4 the size of a comparable alkaline electrolyzer, making it far more compact. Moreover, it is a cost-effective alternative to PEM electrolyzers, eliminating the need for costly iridium-based noble metal catalysts.
This delivery showcases Future Hydrogen’s technological leadership and advances the global transition toward sustainable, renewable hydrogen energy.
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, has announced that it raised US$56 million in venture financing, bringing total raised since inception to more than US$270 million.
The round was co-led by existing investor Aramco Ventures and new investor SV Investment. Additional new investors participating in the round include Samsung Heavy Industries, BHP Ventures, Hanwha Investment & Securities, AFW Partners, Quantum Ventures Korea, Kibo Invest, and Seoul IP, along with existing investors Temasek, MOL Switch, Yanmar Ventures, AP Ventures, and Marunouchi Innovation Partners.
This financing follows the latest demonstration of Amogy’s ammonia-to-electrical power system where it sailed the world’s first carbon-free, ammonia-powered maritime vessel in September 2024. In earlier demonstrations, the company used its technology to power an aerial drone, commercial farm tractor, and semi-truck. Amogy’s patented ammonia-powered system splits, or ‘cracks,’ ammonia into its base elements of hydrogen and nitrogen. The hydrogen is then funnelled into a hydrogen-to-power system, either an integrated fuel cell or hydrogen engine, generating high-performance power with zero carbon emissions.
“Since our founding just four years ago we’ve been on a rapid trajectory to bring our innovative ammonia-to-power technology to hard-to-abate sectors like maritime and power,” said Seonghoon Woo, CEO and co-founder of Amogy. “The latest technical demonstration — the successful sailing of the NH3 Kraken, our ammonia-powered tugboat — showcased that Amogy’s technology is a safe, viable, and effective solution for achieving decarbonisation goals in heavy industries. On the heels of this monumental achievement, we’re especially invigorated by the strong validation we’re receiving from premier investors representing a mix of industry who are supporting our rapid push towards commercialisation.”
“The Amogy team has demonstrated exceptional progress in developing their ammonia-powered technology through a systematic and highly effective approach,” stated Ilyong Choi, Executive Vice President of SV Investment. “Their unwavering commitment to commercialisation, coupled with a deep focus on research and development, has instilled confidence among partners in the viability and adaptability of their solutions for diverse customer needs. Amogy’s strategic execution plan is set to bring their technology to the forefront of distributed generation and maritime applications, with impactful deployment expected at the right sites and timelines by 2026.”
“Amogy's novel catalyst and reformer technology enables ammonia cracking at a significantly lower temperature and operating footprint, unlocking transportation use cases that were previously not operationally or economically feasible,” commented Laurel Buckner, Vice President Ventures at BHP. “With our investment, BHP Ventures deepens its commitment to technologies that drive innovation, reduce emissions, and support BHP’s broader sustainability strategy."
With this latest financing, the company will accelerate commercialising its technology in key markets including maritime shipping and stationary power generation and will continue strengthening its research and development efforts and manufacturing capabilities.
January 11, the No. 1 Test Field of the Green Hydrogen Demonstration and Experimentation Platform, led by the China Hydrogen Alliance, completed a four-day "5MW Alkaline Electrolyzer Hydrogen Production System Integrated Testing Platform" validation.
The platform successfully carried out multiple scenario tests, including one-click cold and hot starts, polarization curve testing, wind power curve simulation, load increase and decrease testing, dynamic response testing, stable operation testing at various power levels, real-time monitoring of cell voltages, and more.
These advancements promote rapid sampling, high-precision measurement, wide-range dynamic parameter adjustment, and intelligent multi-scenario test management under the Hydrogen Energy Pioneer Initiative.
Located in Ordos, Inner Mongolia, the platform leverages the National Hydrogen Energy Key R&D Program and the National Energy Administration's first (set) technical equipment initiative. In collaboration with leading industry players, it aims to address critical pain points in China's hydrogen energy sector, including the lack of standardized performance and quality evaluation methods for key hydrogen equipment, monitoring and testing technologies, test equipment, and demonstration platforms. This initiative supports the China Hydrogen Alliance's "Hydrogen Energy Pioneer Initiative," accelerating the advancement of innovation in key hydrogen technology equipment and the improvement of standards governance.
Construction of the No. 1 Test Field began in March 2024 and was completed by the end of December. The facility has now been handed over. Feasibility studies for the No. 2 Test Field have also been completed.
Configuration of Asahi Kasei's alkaline water electrolyzer. (Graphic: Business Wire)
DÜSSELDORF, Germany & TOKYO & NOVI, Mich --The Japanese technology company Asahi Kasei has received governmental support for the expansion of its manufacturing capacity for cell frames and membranes of alkaline water electrolyzers for the production of green hydrogen at its plant site in Kawasaki, Japan. The purpose is to establish a stable domestic manufacturing supply chain for technologies that contribute to achieving the country’s goal of carbon neutrality by 2050
Driven by expectations for green hydrogen as a clean energy alternative to fossil fuels, the annual installed capacity of water electrolyzers globally is forecasted to reach 31 GW by 2030. As such, the manufacturing capacity for electrolyzers and related components needs to be scaled up in order to keep pace with the expanding demand for the production of hydrogen.
For decades, Japan has been a leader in the field of technology for hydrogen production and utilization. Green hydrogen is one important cornerstone of the country’s “Green Transformation (GX)” strategy to achieve carbon neutrality by 2050. As one part of this strategy, the “GX Supply Chain Construction Support Project” aims at establishing a world’s first domestic manufacturing supply chain for cutting-edge technologies that will contribute to achieving Japan’s climate goals, while nurturing economic growth.
Increasing annual production capacity to 2 GW
Asahi Kasei is a comprehensive manufacturer and provider of alkaline water electrolyzers for the production of hydrogen. Within the abovementioned governmental program, Asahi Kasei proposed to build new plants for both cell frames and membranes for electrolysis having manufacturing capacity of at least 2 GW each at the company’s plant site in Kawasaki, Kanagawa Prefecture, Japan, by 2028. On December 18, the Japanese Government adopted this proposal for financial support. The total capital investment for this project is estimated to be approximately ¥35 billion, and Asahi Kasei expects to receive a subsidy of up to ¥11.4 billion through this initiative.
Including the current manufacturing capacity for Asahi Kasei’s ion-exchange membrane chlor-alkali electrolysis process, this expansion will raise the company’s total annual capacity for cell frames and membranes to more than 3 GW.
Asahi Kasei aims to create synergies between its two electrolysis businesses by establishing a system that can respond to both the uncertain expansion of the hydrogen market and the growing demand in the chlor-alkali electrolysis business, which has earned a high level of trust and market share from customers around the world.
“Even as it remains unclear when a hydrogen society will become a reality, we need to swiftly establish and expand a production system to seize the opportunity of market expansion and earn our share of the water electrolysis equipment market,” comments Masami Takenaka, Lead Executive Officer of Asahi Kasei and Senior General Manager of its Green Solution Project. “Looking ahead to the huge market that will emerge from a new hydrogen ecosystem while anticipating market expansion toward 2030, we aim to build the world’s largest water electrolysis equipment manufacturing capacity and supply system through further capital investment and alliances with partners built through existing businesses, including overseas. Through these efforts, we aim for a 20% share of the world’s major water electrolysis equipment markets, primarily in Europe, North America, and India, by around 2030, which will contribute to strengthening the green hydrogen supply base worldwide while raising the industrial competitiveness of Japan in the field of hydrogen.”
“The lack of inexpensive electricity from renewable energy sources, as well as unstable supply, pose serious challenges to the further expansion of the green energy market,” comments Kenji Takeda, Executive Officer of Asahi Kasei responsible for Ion Exchange Membranes, Microza & Water Processing, and Green Solution Project Business Development. “Establishing a stable manufacturing supply chain for green hydrogen is another major step towards realizing a hydrogen society. We will work with the Ministry of Economy, Trade and Industry (METI), which is promoting GX to the fullest extent, to become a leading global supplier in the field of water electrolysis, while leveraging our strong network in the ion-exchange membrane industry.”
Clean Power Hydrogen PLC (CPH2), a UK-based green hydrogen technology firm, has issued new shares to meet increased demand following itsrecent fundraising event.
The company, known for its innovative Membrane-Free Electrolyser technology, has released 536,666 new Ordinary Shares at 7.5 pence each, under existing authorities, with no plans for further share issuance in this round.
Clean Power Hydrogen PLC (CPH2), the innovator behind the Membrane-Free Electrolyser ("MFE"), has announced the issuance of 536,666 new Ordinary Shares priced at 7.5 pence per share. This move comes as a response to the heightened demand following the company's successful fundraising event on December 18, 2024. The shares are being issued under the company's existing authorities, and CPH2 has confirmed that this will be the final issuance of shares for this fundraising phase.
The UK-based firm specializes in green hydrogen technology and has gained recognition for its IP-protected MFE technology, which is pioneering advancements in the hydrogen production sector. The additional shares will provide the company with necessary capital to expand and accelerate its operations to meet the growing interest and demand in the green hydrogen market.
Admission and Total Voting Rights
Application has been made to the London Stock Exchange for the New Shares to be admitted to trading on AIM. Admission is expected to become effective in respect of, and dealings on AIM are expected to commence in, the New Shares, at 8:00 a.m. on 20 January 2025.
Following Admission of the New Shares, the Company will have 354,424,187 Ordinary Shares in issue with the Company holding no Ordinary Shares in treasury. Therefore, the total number of voting rights will also be 354,424,187. This figure may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
