Hydrogenus Energy Limited
Zero Carbon electricity, on demand, at a lower cost
PVs, and wind turbines, in many areas, give low-cost, zero-carbon electricity, but only when the sun shines / wind blows.
The Hydrogenus system stores excess, low-cost electricity and delivers it on demand
- Invested A$1.7M in the successful development of IP for internal combustion engines operating using purely Hydrogen
- Demonstrated functioning engine operating at its Ringwood, Victoria factory
- Seeking investment of A$1M to build a functioning demonstration of the complete power system
- Plan to deliver Electricity as a Service at a lower cost for the customer, but with a margin, after financing costs, of over $100/MWh.
Our initial application of the hydrogen engine IP is to provide zero-carbon electricity, on demand, at a lower cost than any other method for off-grid, and fringe off-grid, areas.
Modeling, verified by an independent analyst, projects that for most of Australia our costs are lower than diesel generators by a meaningful margin.
Hydrogenus Energy is seeking A$1M in funding to develop a demonstration plant of the complete system.
Including solar panels for primary energy, an electrolyser to convert excess energy into hydrogen, stored and then used in a Hydrogenus-modified engine, to produce electricity on demand.
In 2020, Australia produced over 4,500GWh of electricity from liquid fuels, or nearly A$1,000M in revenue less all costs, annually. In the Pacific Islands nearly 9,000GWh and in Indonesia about 19,000GWh is produced from liquid fuels, highlighting the growing opportunity.
Seeking A$1M at A$2.50 a share, based on a pre-money value of A$7.5M (A$8.4M fully diluted).
Hydrogenus Energy intends to seek a listing on the ASX in mid-2024 when they can show a successful demonstration of the system.
Use of Funds
|R&D – Stage 2||$220,000|
Hydrogenus Energy was built on the expertise of Bennett Clayton Pty Ltd in the modification of Internal Combustion Engines (ICE) to operate on simple hydro-carbons. Also, to develop the IP of the modifications of an ICE to operate using Hydrogen as its only fuel.
Hydrogenus Energy is now able to demonstrate, at its workshop in Ringwood, Victoria, an engine that operates, safely and effectively, using purely Hydrogen as its fuel.
There are many applications of the IP, but the focus is using this engine as a key component of a system delivering zero-carbon electricity, on demand, as a service, at a lower cost for off-grid and fringe grid areas.
Hydrogenus Energy is now seeking about $1.0m to develop a demonstration plant of their complete system, including solar panels for primary energy, and an electrolyser to convert excess energy into hydrogen which is stored and then used in a Hydrogenus-modified engine to produce electricity on demand. The key development will be our Hydrogenus Integrated Energy Management System (HIEMS).
When this is developed, which is expected to be 4 to 6 months after funding, Hydrogenus will seek to execute commercial pilot operations which will be used to further develop our IP and also as marketing for commercial projects.