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Be the first with the news that moves the market- Acceleware (AXE) and Aurora Hydrogen will share C$2 million in funding for hydrogen research
- The funding is from Alberta Innovates Hydrogen Centre of Excellence
- Edmonton’s Aurora Hydrogen is developing clean hydrogen production technology that uses microwave energy
- The companies intend to produce clean, low-cost, scalable hydrogen from natural gas at point of use using radio frequency-driven methane pyrolysis
- Calgary-based Acceleware offers clean-tech decarbonization technologies implementing radio frequency heating and seismic imaging
- Acceleware (AXE) is down by 12.9 per cent, trading at $0.27 per share
Acceleware (AXE) and Aurora Hydrogen will share C$2 million in funding for hydrogen research.
The funding is from Alberta Innovates Hydrogen Centre of Excellence as part of its Advancing Hydrogen Competition.
Edmonton’s Aurora Hydrogen is developing hydrogen production technology that uses microwave energy without generating CO2 emissions or consuming water.
The companies will jointly develop a project to produce clean, low-cost, scalable hydrogen from natural gas at point of use using radio frequency-driven methane pyrolysis.
The two-year, $5.5 million project will utilize radio frequency energy from Acceleware’s Clean Tech Inverter (CTI) to heat Aurora’s unique pyrolysis reactor.
The CTI’s high energy conversion efficiency has the potential to outperform Aurora’s proven microwave-based reactor.
The companies are targeting a 200-kg-per-day hydrogen production unit with eventual scaling to 2 and 20-tonne systems.
“Adding to our current RF XL heavy oil pilot, this project will further develop our core area of expertise – decarbonizing industrial heating applications by replacing combustion with clean electricity-powered RF energy,” stated Geoff Clark, Acceleware’s CEO.
“If the project is successful,” added Andrew Gillis, Aurora’s CEO, “we see that the CTI can help us rapidly advance industrial-scale H2 production volumes while also driving down energy intensity.”
Calgary’s Acceleware offers clean-tech decarbonization technologies implementing radio frequency heating and seismic imaging. Its RF XL is a patented, low-cost production technology for heavy oil and oil sands designed to eliminate greenhouse gas emissions.
Acceleware (AXE) is down by 12.9 per cent, trading at $0.27 per share as of 9:39 am EST.
