- Xebec (XBC) has received an E.U. research grant to create a 1 MW electrolyzer system to produce sustainable liquid fuels
- The system will convert captured CO2 and water with renewable electricity into the fuel source
- The company will design and build the system, which will integrate technologies from ECO2Fuel Consortium partners, including De Nora, RWE Power, DLR, VITO and Ariema
- Xebec is a global provider of clean energy solutions for renewable and low-carbon gases used in energy, mobility and industrial applications
- Xebec (XBC) is down by 0.35 per cent and is currently trading at $2.87 per share
Xebec (XBC) has received a research grant to create a 1 MW electrolyzer system to produce sustainable liquid fuels.
Under the ECO2Fuel Consortium, the total approved budget of C$28.9 million will be shared among partners to execute the project, which aims to convert captured CO2 and water with renewable electricity into a sustainable fuel source.
The company has been tasked with designing and building the industrial-size 1 MW system, which will integrate technologies from other consortium partners, including De Nora, RWE Power, DLR, VITO and Ariema.
Marinus van Driel, President of Xebec Europe, stated,
“As we continue the energy transition, new technologies and solutions will need to be developed to decarbonize energy, mobility and industry. We are ecstatic to be participating in this large E.U. project as the designer and manufacturer of the world’s first low-temperature industrial 1 MW system that will create renewable alcohol fuels such as methanol and ethanol.
Our selection ultimately showcases the unique and breadth of expertise we have in hydrogen, electrolysis and CO2 capture, and we look forward to getting this unit into production and testing it with our partners.”
Xebec is a global provider of clean energy solutions for renewable and low-carbon gases used in energy, mobility and industrial applications.
Xebec (XBC) is down by 0.35 per cent and is currently trading at $2.87 per share as of 2:05 pm ET.
