Collaboration with University of Bristol
07/12/2023 07:00
7 December 2023
Hydrogen Future Industries plc
("HFI" or the "Company")
Collaboration with University of Bristol
Hydrogen Future Industries plc (https://hydrogenfutureindustries.com/) (AQSE:
HFI), a developer of a proprietary green hydrogen production system featuring
an advanced aerodynamic wind turbine and a high-performance electrolyser, is
pleased to announce it has signed a memorandum of understanding (the
"Agreement") with the University of Bristol ("UoB") to collaborate to advance
respective technologies, secure funding for joint research and development and
accelerate commercial opportunities.
UoB is a leading research university with several active research and
development projects related to hydrogen. In particular, UoB has identified
HFI's technology as having synergies with its Hydrogen Depleted Uranium
Storage ("HyDUS") project, a collaborative project involving EDF UK (lead
partner), UoB, Urenco and the UK Atomic Energy Authority (UKAEA). HyDUS's
grid-scale storage is designed to meet three key objectives:
* to help balance fluctuations in the supply of energy from renewables such as
wind and solar as well as provide nuclear powerplant sites with a load
following capability (in all cases, large-scale hydrogen storage is vital to
ensure power from renewables and nuclear is dependable and available on
demand);
* to help decarbonise the national grid; and
* to provide high purity hydrogen for transport applications and energy
intensive industries seeking to decarbonise.
UoB has also identified several pilot or demonstrator sites suitable for
locating HFI's green hydrogen production system including potential use of
university sites outside the city of Bristol.
Tim Blake, CEO, HFI Energy Systems, commented:
"We are excited to be working with the University of Bristol to accelerate the
development of HFI's system, especially the Anion Exchange Membrane Water
Electrolyser. The University of Bristol has a world-class team with
world-class facilities and together we can accelerate the development of the
cutting-edge technology. Our electrolyser has demonstrated exceptional
efficiency in testing to date and the technology has been identified by UoB as
a perfect fit for their HyDUS project. Having access to sites in the UK to
develop and demonstrate the complete green hydrogen system, from generation to
utilisation, is very important to both parties."
Tom Scott, Professor, University of Bristol, commented:
"I have known Tim Blake for some time and have been waiting for the
opportunity to collaborate on hydrogen projects with him and his team. The HFI
green hydrogen production system could fundamentally change the energy
landscape as we know it. It also has clear and immediate synergies with our
HyDUS project and other technologies we are actively developing. By
collaborating with HFI, we hope to share human, intellectual and equipment
resources whilst also fast-tracking grant and other joint funding
opportunities."
Enquiries:
Hydrogen Future Industries plc
Daniel Maling, Executive Director +44 (0)20 3475 6834
Vigo Consulting (Investor Relations)
Ben Simons +44 (0) 20 7390 0230
Peter Jacob
Cairn Financial Advisers LLP (AQSE Corporate Adviser)
Ludovico Lazzaretti Liam Murray +44 (0) 20 72130 880
Peterhouse Capital Limited (Broker)
Duncan Vasey +44 (0) 20 7469 0930
Inside Information
This announcement contains inside information for the purposes of the UK
Market Abuse Regulation and the Directors of the Company accept responsibility
for the contents of this announcement.
About Hydrogen Future Industries
Hydrogen Future Industries was established to invest in projects and companies
focused on the Hydrogen Economy. We are developing a proprietary wind-based
hydrogen production system, featuring an advanced aerodynamic wind turbine and
a high-performance electrolyser. Through this technology, we aim to
significantly reduce the cost of hydrogen production from renewable sources
and provide on-demand energy storage in the form of hydrogen at a fraction of
the cost of lithium-ion battery storage. Click here
(https://hydrogenfutureindustries.com/wp-content/uploads/2022/07/HFI-Flyer-for-Website.pdf)
for more information about Hydrogen Future Industries.
Visit our website: www.hydrogenfutureindustries.com
Follow us on social media:
LinkedIn: @Hydrogen Future Industries
Twitter: @HydrogenFI
Caution Regarding Forward Looking Statements
Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
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industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
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and unknown risks, uncertainties, and other factors, some of which are beyond
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results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions security holders and
prospective security holders not to place undue reliance on these
forward-looking statements, which reflect the view of the Company only as of
the date of this announcement. The forward-looking statements made in this
announcement relate only to events as of the date on which the statements are
made. The Company will not undertake any obligation to release publicly any
revisions or updates to these forward-looking statements to reflect events,
circumstances, or unanticipated events occurring after the date of this
announcement except as required by law or by any appropriate regulatory
authority.
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