- Canadian-based clean energy solutions innovator FuelPositive Corp. is focused on developing green ammonia as a more efficient and sustainable source of fuel than the popular fossil fuel alternative hydrogen
- FuelPositive’s Hydrogen-Ammonia Synthesizer technology provides the means of storing hydrogen as green ammonia for effective transportation and storage, with the option of easy conversion back to hydrogen for use in hydrogen fuel cells and other pure hydrogen applications
- The company is among a handful of entities that have noted Canada’s outsized support for fossil fuels recently, and plans to roll out its IP next year in “real world” demonstration pilot projects
- Carbon footprint reduction has gained global attention in recent years amid concerns about climate change resulting from pollutants, and policy representatives from around the world recently gathered in Scotland for the COP26 2021 United Nations Climate Change Conference to address related issues
When green energy innovator FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) commissioned an analysis of Canada’s green off-peak electricity capacity earlier this year to help measure the fuel needs and carbon emissions of the country’s transportation sector, FuelPositive was adding its own insights to a recent series of examinations of Canada’s renewable energy performance.
Oil Change International, which tracks public finance of fossil fuels, reported last month that Canadian fossil fuel producers receive more public financial support than any others in the developed world, and that Canadian renewable energy received far less in public financial support than many other countries provide to their industries (https://ibn.fm/434r3).
The report noted that both the federal government and Export Development Canada — the agency that handles most of the financing — have pledged they’ll reduce fossil fuel financing during the coming years, with the Liberal party setting a deadline of 2023. Export Development Canada expects to reduce support to the six most carbon-intensive sectors by 40% below 2018 levels before the deadline, according to the report.
FuelPositive is in the business of developing and commercializing green energy solutions and gaining standout technology innovation in the sector through partnerships and acquisition, specifically in regard to “green ammonia” produced in a carbon-free manner for use in a variety of applications that contribute to environmental sustainability at a time when climate change is a profound concern for world governments.
FuelPositive’s patent-pending green ammonia (“NH3”) technology is an advanced Hydrogen-Ammonia Synthesizer, a highly portable and scalable and modular system the company plans to introduce next year in “real world” demonstration pilot projects as it advances toward commercial production (https://ibn.fm/QPvbF).
Carbon-free green ammonia has the potential to become a fossil fuel alternative — the company notes that planes, trains, ships, trucks, and other vehicles can be converted to run on ammonia as easily as they can be converted to run on propane instead of gasoline or diesel.
Additionally, FuelPositive’s Hydrogen-Ammonia Synthesizer technology can convert air, water, and sustainable electricity to store hydrogen in the form of green ammonia, allowing hydrogen to be more efficiently stored or transported than it would be in liquid hydrogen form which requires high-pressure tanks and cryogenic storage temperatures.
An end user can then easily convert the green ammonia back into hydrogen for use in producing electricity in a hydrogen fuel cell when that is required by transportation vehicles, according to the company. FuelPositive is also pursuing the development of green ammonia fuel cells which are a new and attractive alternative to hydrogen fuel cells.
Following the latest international climate summit, branded COP26, many researchers have described hydrogen as the best source for generating renewable energy (https://ibn.fm/SRSx5) because when hydrogen burns, the only by-product is water. But hydrogen has traditionally been generated from fossil fuels, which only compounds the challenges of developing clean energy goals.
Former California Gov. Arnold Schwarzenegger was expected to attend the COP26 2021 United Nations Climate Change Conference talks, which concluded Nov. 12, and appeared in the news prior to the summit as part of a wide-ranging interview in which he criticized some of the excuses policy advisers use for resisting transition to sustainable fuel sources.
“They are liars, they are stupid. Or they don’t know how to do it, because we figured how to do it (in California),” Schwarzenegger told the BBC (https://ibn.fm/iFNDp).
Schwarzenegger has built his own brand on performance fitness celebrity over the past several decades and, more recently, on environmental sustainability goals. He told the interviewer he was particularly alarmed at pollutants that result from shipping and suggested shopping locally is the most important thing individuals can do to cut carbon emissions.
“Buy local products. Every time you buy something from overseas, that is evil for the environment — this is like the worst thing you can do. … You can have (international) competition but you have to be smart about it … because if people are dead, they are dead. It’s over.”
For more information, visit the company’s website at www.FuelPositive.com.
NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF
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