- In 2021, energy production accounted for 60% of total greenhouse gas emissions globally
- Ammonia and hydrogen have been deemed as the two promising solutions for clean energy sources
- FuelPositive, through its green ammonia production technology, offers a means to store hydrogen as green ammonia for easier transportation and storage
- Through this technology, FuelPositive addresses the shortcomings of hydrogen as an energy source compared with green ammonia, ultimately stamping its position as a leader in clean energy solutions
Energy has been regarded as the dominant contributor to climate change. As of 2021, it accounted for about 60% of total greenhouse gas emissions, including CO2, which has increased by over 46% since 1990 (https://ibn.fm/1ltp3).
There is a growing need to shift to renewable energy sources and adopt clean energy solutions. Collectively, countries are aiming for universal access to modern, affordable, and reliable energy services by 2030. They are also targeting a substantial increase in the share of renewable energy in the global energy mix (https://ibn.fm/CVP90). One candidate showing great promise, not just as an energy source but also as an energy storage solution, is green ammonia.
In a study published by the Oxford Institute for Energy Studies, ammonia and hydrogen were deemed the two most promising solutions among the currently available energy storage options and techniques. Some of the aspects evaluated in the study included the economic efficiency of ammonia and its ability to address challenges including, but not limited to, transportation, decarbonization of energy systems, and scalability (https://ibn.fm/2h4tR).
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) is focused on the licensing, partnership, and acquisition opportunities associated with clean energy solutions. With its flagship product – a decentralized green ammonia production system, the company is solving issues formerly related to hydrogen as an energy source. Because green ammonia contains hydrogen, it provides the benefits of pure hydrogen, but does not have the problems associated with pure hydrogen.
FuelPositive’s technology offers a means to transport and store hydrogen as green ammonia, with the option of easy conversion back to hydrogen that can then be used in hydrogen fuel cells and other pure hydrogen applications.
“Think of ammonia as the perfect carrier for hydrogen, and if the end-use requirement for pure hydrogen, then the safest and most practical way to get that hydrogen where it needs to be is inside of FuelPositive’s green ammonia,” said Ian Clifford, FuelPositive CEO.
However, FuelPositive makes the case that ammonia is a more practical option for fuel, energy storage, fuel cells and most other applications being considered for pure hydrogen. Not only does the production of its green ammonia require less energy than producing hydrogen on its own, but it stores 65% more hydrogen than highly compressed pure hydrogen.
This puts FuelPositive at the forefront of clean energy solutions. What the company is doing and what it has achieved so far prove that green ammonia is a viable, clean energy alternative.
FuelPositive is setting the stage and the standard for clean energy solutions globally. Its research and innovation bring society closer to universal access to modern, affordable, and reliable energy services by 2030.
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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