Green Swan Partners and sHYp, BV have announced today (4th May) a joint business development agreement that will see the parties explore markets to deploy sHYp’s electrolyser technology commercially on a global scale.
sHYp’s electrolyser technology is unique in the fact that it is membrane-less and can produce hydrogen from seawater or brine.
Unlike other market alternatives, desalination is not required and also does not utilise a membrane, can be 3D printed and is designed for modular generation at the point of use.
This reduces both capex and opex costs as well as the need for complex distribution pipelines when compared to traditional electrolyser technology.
In addition to this, the electrolyser can also be located at ports, offshore to harness surplus electricity generated by wind, solar and wave farms; in the future this could be utilised on-board vessels.
As well as generating hydrogen, sHYp’s technology can simultaneously produce valuable co-products such as magnesium hydroxide and capture CO2 from sea water or modify water pH for water treatment applications.
These additional revenue streams are expected to greatly increase the gross margin of the overall process, allowing for hydrogen to be produced at a cost equivalent to or lower than hydrogen derived from methane.
sHYp is on track for a first commercial pilot in Q4 of 2021.
Under the terms of the joint business development agreement (JBDA), the parties will explore markets, verticals, applications, and geographies to deploy sHYp’s technology commercially.
Once opportunities have been identified, the parties will form a joint venture to selectively commercialise the technology on a global scale.
Lala Faiz, Green Swan Partner and sustainability expert, said, “This technology is a game changer. It is a vast improvement over existing electrolysis technology as it requires no desalination and results in no toxic waste.
“Green and Blue hydrogen technologies are a necessary and critical tool in our portfolio as we tackle climate change, and we’re extremely pleased to be working with sHYp.”
Chetan Chothani, Partner at GSP, said, “If you look at the feedstock for this technology as being salt water and its need for energy to run the electrolyser, the most natural co-location site would be off-shore and near-shore wind farms.
“Imagine a wind farm island with sHYps technology deployed that can provide offtake for hydrogen, CO2, clean water (a product of hydrogen combustion) and synthetic fuels derived from reforming H2 and CO2.
“The technology and its end-use applications are varied, including the production of valuable chemicals.”
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