The technology produces hydrogen on demand using onboard electrolysis, then directs hydrogen and oxygen directly into the air intake of an internal combustion engine to reduce fuel consumption by 20%, increasing power and reducing exhaust emissions by up to 50%.
Since launching in early October 2023, the company has received significant interest from haulage fleets, buses, miners, and logistics operators across the globe, with potential sales orders of over US$15 million. With proven market demand, Alpha H2 is currently working with several pilot customers to deliver the first installations in Australia.
Overall, US$20 million has been invested into the development of this technology, while Alpha H2’s manufacturing partner has already installed thousands of these units across the world.
After building up a book of customers over the next 18 - 24 months, Alpha H2 will then look to a planned liquidity event, such as a public listing on a favourable exchange.
Read the article online at: https://www.globalhydrogenreview.com/product-news/25102023/alpha-h2-announces-early-access-investment-opportunity/
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