New Energies, new possibilities

LocoSoco Group Plc in discussions with Proton Technologies about hydrogen production that utilises existing fossil fuel infrastructure to generate clean hydrogen and sequester carbon.

LocoSoco Group Plc (“LocoSoco”, “LOCO”), the platform that profits from distributing products & technologies that contribute to sustainability and is listed on the Direct Market segment of the Vienna MTF, announce discussions are underway with Proton Technologies, a leader in the field of Clean Hydrogen Production that utilises existing fossil fuel infrastructure.

LocoSoco is listed on the Direct Market segment of the Vienna MTF. For quotes and trading data, link here: https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BD5BTL23&ID_NOTATION=246035708&cHash=96818d4943bd602c7947d54b3503cb6f

Proton Technologies “Clear Hydrogen” is a carbon-free, low-cost opportunity for extracting hydrogen using previously expensed infrastructure and known energy deposits.

Operating for over 6 years and holding patented technology for the extraction of clean hydrogen whilst sequestering carbon within existing oil wells.

Proton Technologies has the experience and technology to effect change on a global scale whilst profiting with purpose.

Part of this includes the production of clean hydrogen and generating carbon credits to underpin further investment into the transition from dirty energy sources to sustainable low cost energy solutions.

LocoSoco CEO James Perry commented:

Having been in conversation with the team at Proton Technologies over the past year, we are excited to potentially deliver further opportunities for commercialising Proton’s patented technologies.

“At LocoSoco we get to see a wide range of game changing technologies coming to market that serve to increase the value that we bring to our client base, our partners and future customers who are looking to transition to sustainable alternatives. Clean Hydrogen Energy in my opinion is the future of land, air and sea transportation and the opportunities it presents are on a global scale.” Thanks for staying up to date with Hydrogen Central.

About LocoSoco

LocoSoco delivers products and technologies that contribute to economic and environmental sustainability, working within sectors including retail, hospitality, corporate and government organisations.

LocoSoco Group Plc in Discussions with Proton Technologies about Hydrogen Production that Utilises Existing Fossil Fuel Infrastructure to Generate Clean Hydrogen and Sequester Carbon, London, April 4, 2022

Hysata – electrolyser breaks efficiency records, enabling world-beating green hydrogen cost.

Hysata’s world-leading hydrogen electrolyser technology has been recognised on the global stage with ground-breaking research published in top tier peer-reviewed scientific journal Nature Communications. 

The research confirms Hysata’s ‘capillary-fed electrolysis cell’ can produce green hydrogen from water at 98% cell energy efficiency, well above International Renewable Energy Agency’s (IRENA) 2050 target and significantly better than existing electrolyser technologies, enabling a hydrogen production cost well below A$2/kg (US$1.50/kg). 

Green hydrogen is vital for decarbonisation of hard-to-abate sectors like steel, heavy transport and chemicals. The Energy Transitions Commission expects demand for green hydrogen to grow to 500- 800 million tonnes per annum by 2050 to meet demand in these sectors, creating a new multi-trillion-dollar industry.

Currently however, green hydrogen is too expensive to compete with fossil fuels, due in large part to the low efficiencies of existing electrolysers. Hysata’s ultra-high efficiency electrolyser will make green hydrogen competitive years earlier than generally assumed, accelerating global decarbonisation and increasing energy security.

The technology was invented by scientists at the University of Wollongong and is now being commercialised by Hysata, with backing from IP Group and the Clean Energy Finance Corporation (CEFC).

Paul Barrett, CEO of Hysata, said the company is on a clear pathway to commercialise the world’s most efficient electrolyser and reach gigawatt scale hydrogen production capacity by 2025.

Paul Barrett, CEO of Hysata, said:

The global momentum towards net zero is creating a massive opportunity for green hydrogen and electrolysers.

“Economics will ultimately determine which technologies win, and with our world-beating efficiency, Hysata is well placed to lead in this major new global market.”

“Our electrolyser will deliver the world’s lowest hydrogen cost, save hydrogen producers billions of dollars in electricity costs, and enable green hydrogen to outcompete fossil fuel-derived hydrogen.”

“Our technology will enable hydrogen production of below US$1.50/kg per kilogram by the mid-2020s, meeting Australian and global cost targets much earlier than generally expected. This is critical to making green hydrogen commercially viable and decarbonising hard-to-abate sectors.” 

“Hysata has some of Australia’s brightest minds working together to position Australia as a leading manufacturer and exporter of electrolysers, with plans underway to build a pilot electrolyser manufacturing plant and employ dozens of new highly skilled specialists in 2022.”

“Green hydrogen is forecast to be a trillion-dollar industry with the backbone of this industry being the electrolyser. Given the urgency to reach net zero, we are gearing up to scale up as quickly as possible. The elegant design of our electrolyser is perfectly suited to mass production.” 

This significant step change in hydrogen technology is on track to accelerate the global hydrogen economy and drive down the cost of green hydrogen production in Australia and globally, positioning Australian as a leading manufacturer of electrolysers and producer of green hydrogen. 

Gerry Swiegers, Chief Technology Officer at Hysata said the overall design of the Hysata electrolyser system was simpler than existing technologies.  “I am eager to use my years of experience to bring Advent’s current and future products to the European market, as well as to establish long-lasting and sustainable partnerships to speed this mission.” Thanks for staying up to date with Hydrogen Central.

Gerry Swiegers, Chief Technology Officer at Hysata, said:

Electrolysers have been around for 200 years, however the large amounts of renewable electricity required to produce green hydrogen and the overall cost of electrolysers today has prevented large-scale uptake of green hydrogen.

“Hysata’s overall electrolyser system has been designed for ease of manufacturing, scaling and installation, delivering 95 percent overall system efficiency, equivalent to 41.5 kWh/kg, compared to 75 percent or less for existing electrolyser technologies.”

“For hydrogen producers, this will significantly reduce both the capital and operational costs to produce green hydrogen.” 

“Hysata is proud to be at the forefront of this technology innovation and introducing an entirely new category of electrolyser that is as monumental as the shift from the internal combustion engine to electric motors,” Swiegers concluded. 

READ the latest news shaping the hydrogen market at Hydrogen Central

Hysata’s electrolyser breaks efficiency records, enabling world-beating green hydrogen cost, March 16, 2022