Sunhydrogen Inc - HYSR stock
OTC Symbol: HYSR | OTC Tier: OTCQB
About SunHydrogen[edit]
SunHydrogen (OTC: HYSR) is a company that is focused on developing a technology to produce low-cost, renewable hydrogen using sunlight and water. The company's goal is to create a sustainable solution for the production of hydrogen, which can be used as a fuel for vehicles and energy storage.[1]
SunHydrogen is part of a growing movement towards renewable hydrogen production, which has the potential to play a significant role in the transition to a low-carbon economy. By using renewable energy sources to produce hydrogen, companies like SunHydrogen are helping to reduce the carbon footprint of hydrogen production and create a more sustainable energy system.
Technology[edit]
Nanoparticle-Based System[edit]
SunHydrogen's technology is based on the use of a proprietary nanoparticle-based system that is designed to split water molecules into hydrogen and oxygen using sunlight. This process, known as water splitting, is a key step in the production of hydrogen. The company is currently working on improving the efficiency of its technology and scaling up production to demonstrate its viability for commercial use. SunHydrogen has also partnered with research institutions and universities to further develop its technology and explore potential applications in various industries.[2]
Gen 1 and Gen 2[edit]
The technology is described based on two stages of development. Gen 1 "utilizes an integrated photoelectrochemical water-splitting device, where solar-converted electrons are maximally transferred to hydrogen chemical bonds. It also features our proprietary holey structure, which enables efficient ion transport to ensure sustainable long-term production of hydrogen." The company has produced 100 Gen 1 demonstration units. Gen 2 is described as nanoparticle technology and is expected to lower costs and greater efficiency which will allow for scalability. According to the company, "It utilizes nano-solar cells to split water into oxygen and hydrogen at the molecular level, extracting hydrogen and leaving behind clean oxygen as the only byproduct. Billions of nanoparticles are bundled together to create one solar hydrogen panel, which can then be mass-produced and implemented globally.[1]
Partners[edit]
Honda R&D Co., Ltd.[edit]
SunHydrogen gained a well-known partner in 2024 when it entered into a joint development agreement with Honda's research and development subsidiary. The partnership seeks to advance green hydrogen production technology utilizing Honda R&D's design and manufacturing expertise.[3]
CTF Solar GmbH[edit]
SunHydrogen has signed a technology collaboration agreement with CTF Solar GmbH in July, 2024.. This partnership aims to integrate CTF Solar’s cell modules into SunHydrogen’s technology to enhance the production of green hydrogen.[4]
Academic[edit]
SunHydrogen's partnerships with various organizations are critical to the success of their technology. The University of Iowa and the University of Michigan are academic partners, and they are working with SunHydrogen to develop and test their nanoparticle-based system for hydrogen production. They are also working with SCHMID Group, InRedox, MSC Co. LTD, Geomatec, Chromis Technologies, RuC2N, and Corning Inc. to address various aspects of the technology's development and scaling.
SCHMID Group[edit]
SCHMID Group is focused on the design and engineering of the device housing for SunHydrogen's technology. InRedox and MSC Co. LTD are collaborating with SunHydrogen to improve substrate manufacturing and develop electroplating chemistries, respectively. Geomatec and Corning Inc. are partnering with SunHydrogen to facilitate their transition to large-scale substrate manufacturing.
Chromis Technologies[edit]
Chromis Technologies is working with SunHydrogen to integrate both proton exchange membranes (PEM) and anion exchange membranes (AEM) into their proprietary substrates. This collaboration is essential in evaluating performance metrics for sustainable hydrogen production.
Singh Lab at the University of Michigan and RuC2N[edit]
SunHydrogen is also working with the Singh Lab at the University of Michigan and RuC2N to identify the best catalyst for hydrogen and oxygen production and to achieve successful catalyst integration.
Overall, SunHydrogen's partnerships with various organizations across different sectors are an essential part of their development process, enabling them to access specialized expertise and resources to address specific technical challenges and accelerate their progress towards commercialization.
Commercialization[edit]
Timeline[edit]
The company has laid out the following timeline for commercialization:[1]
- 2023 - Substrate Fabrication (note that this milestone was slated for 2021 in earlier versions of the timeline)
- 2023 - Nanoparticle Fabrication
- 2023 - Membrane and Catalyst Integration
- 2023 to early 2024 - Device Housing (note that this milestone was slated for mid-2021 to mid-2022 in earlier versions of the timeline)
- Mid 2023 to mid 2024 - Fluid/Hydrogen System (note that this milestone was slated for 2022 in earlier versions of the timeline)
Business Plan[edit]
The company is working on scaling up their nanoparticle technology for the mass production of renewable hydrogen. They are also exploring potential partnerships with manufacturing partners to help them achieve their goal of providing continuous large volumes of hydrogen to a small number of locations throughout the country. SunHydrogen is targeting commercial customers such as large cargo fleet operators, utilities, and industrial companies that are in need of clean hydrogen. By providing a sustainable alternative to traditional hydrogen production methods, SunHydrogen is helping to reduce the carbon footprint of these industries and enable the transition to a low-carbon economy.[1]
In addition to their own commercialization efforts, SunHydrogen is also looking to invest in other early-stage companies that are working on renewable hydrogen technology. This strategic investment in TECO 2030, a Norway-based company that is developing zero-emission technology for the maritime and heavy industry sectors, is an example of this approach.[1]
Cost[edit]
The company projects a cost of $2.50 per KG, which it believes will be competitive with other available non-renewable (brown) hydrogen generation methods and lower than the cost of other clean hydrogen producers.[1]
Progress Updates[edit]
March 2023[edit]
Efficienty[edit]
In a progress update, SunHydrogen's CEO, Tim Young, discussed the company's recent achievements and future plans. Young highlights the company's success in improving the efficiency of their nanoparticle-based technology for producing renewable hydrogen. The company has achieved a significant milestone, demonstrating a conversion efficiency of over 1.5%, which is considered to be a critical threshold for commercial viability.[5]
Scaling and Production[edit]
Young also mentions the company's plans to scale up their technology and begin mass production. They are working with manufacturing partners to prepare for large-scale production and developing a plan to service commercial customers, including cargo fleet operators, utilities, and industrial companies.[5]
Partnerships[edit]
SunHydrogen is also expanding its partnerships with other companies and institutions to advance renewable hydrogen technology. Young highlights the recent strategic investment in TECO 2030, a Norway-based company that is developing zero-emission technology for the maritime and heavy industry sectors.[5]
Commitment to Sustainability[edit]
Young emphasizes SunHydrogen's commitment to sustainability and its role in helping to create a cleaner, more sustainable energy system. He notes that renewable hydrogen production can play a critical role in reducing carbon emissions and enabling the transition to a low-carbon economy.[5]
Overall, SunHydrogen's progress update highlights the significant achievements the company has made in developing its nanoparticle-based technology for renewable hydrogen production. The company's plans for scaling up production and expanding partnerships with other companies demonstrate its commitment to commercializing this technology and advancing the renewable hydrogen ecosystem.[5]
Financial Performance[edit]
For the full year ending 6/30/2021 the company reported no revenues and total expenses of $1,681,000.[6]
For the full year ending 6/30/2021 the company reported no revenues and total expenses of $5,806,000.[6]
For the full year ending 6/30/2022 the company reported no revenues and total expenses of $4,000,475.[6]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Sunhydrogen.com. FAQ. Accessed on 4/13/2023.
- ↑ Sun Hydrogen. Technology. Accessed on 4/13/2023.
- ↑ Green Car Congress. SunHydrogen enters joint development agreement with Honda R&D. July 25, 2024. Archive link.
- ↑ GlobeNewswire. SunHydrogen Announces Agreement with CTF Solar GmbH, Global Innovator of Thin Film Solar Cell Modules, to Accelerate Production of Green Hydrogen Panels. July 26, 2024.
- ↑ 5.0 5.1 5.2 5.3 5.4 GlobeNewswire. SunHydrogen's CEO Tim Young Shares Progress Update on Company's Nanoparticle-Based Green Hydrogen Technology and Investment in TECO 2030 ASA. March 20, 2023.
- ↑ 6.0 6.1 6.2 OTC Markets. HYSR Financials. Accessed on 4/13/2023.
