H2-Industries AG Selected to Present at CleanEquity Monaco 2014
LONDON, March 27, 2014 /PRNewswire/ -- H2-Industries AG will present at CleanEquity Monaco 2014 on March 27th & 28th at the Sporting d'Hiver, Monaco.
CleanEquity Monaco is an annual invitation-only event hosted by Innovator Capital, the London based specialist cleantech investment bank.
Other partners and sponsors include Prince Albert II of Monaco's Foundation, Covington & Burling, Qualcomm, Renault-Nissan Alliance, Autodesk, Polar Star Ventures, PR Newswire, Kwittken & Company, The Climate Group the Monte-Carlo SBM and Monaco Chamber of Economic Development.
H2-Industries AG has been identified by an expert panel as one of the world's most innovative cleantech companies and has been selected to present to senior financial and strategic cleantech investors, policy makers, legislators, end users and media.
H2-Industries AG, founded in 2011 by CEO Michael Stusch who is an Internet Entrepreneur and sold his previous company to AOL/Time Warner.
H2-Industries AG is developing electrical energy storage solutions, is headquartered in Wollerau near Zurich, Switzerland, and currently employs 25 employees (fix and consultants).
The storage medium is a liquid oil, referred to as LOHC (Liquid Organic Hydrogen Carrier) that allows unlimited times of storing and releasing of hydrogen.
The hydrogen storage technology based on standard 19" rack technology and plug-in units of 33kW that are scalable to over 1GW based in buildings.
The hydrogen is stored in an oil (LOHC) under ambient conditions. The hydrogen molecule is bind under pressure over a catalyst in the LOHC and will be released under temperatures over 300°C also over a catalyst. We can bind 1 kWh electrical energy and 0,8kWh heat in 1 Litre of LOHC.
The storage plug-in unit contains an electrolyser and a hydrogenation reactor to produce hydrogen from electrical energy and store it in the LOHC and the release plug-in unit contains the dehydrogenation reactor to get the hydrogen out of the LOHC and a fuel cell to produce electrical energy from hydrogen.
The by-product heat at 150°C can be used or transformed to coolant or to produce freshwater from saltwater due to a distillation process.
The technology was developed together with the University Erlangen - Nuremberg and is a game changer allowing for the first time the mainstream usage of hydrogen under ambient conditions. With this storage solution renewable energy can be stored for long times in high quantities.
H2-Industries AG has the automation specialist KUKA as a partner to build up a mass production facility to produce the energy storage units in high quantities up from 2016.
Contact:
DIPL. ING. MICHAEL STUSCH, Chairman and CEO
t: +43 676 9320680
c: +49 172 6612739
H2-Industries AG, Sihleggstrasse 23, 8832 Wollerau, Switzerland
About Innovator Capital
Innovator Capital is a specialist investment bank advising Cleantech and Life Science companies from around the world. Established in 2003, Innovator focuses on the provision of expert strategic and capital markets advice, transaction arranging and M&A services for private and public companies.
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SOURCE Innovator Capital
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