Cleantech Power: Delivering affordable, reliable, and sustainable power to the people

All charged up to drive the hydrogen revolution

An Inconvenient Truth

If there are three things that seem to be inevitable in life these days its death, taxes, and climate change.

Despite our net zero efforts, global temperatures are set to hit troubling benchmarks this century, putting the world on its way to becoming a sauna.

According to McKinsey, $275 trillion in spending is needed to reach net zero by 2050. That’s almost $9.2 trillion per year or ~7% of global GDP. It’s clear we aren’t doing enough, despite how much investment is being put into wind, solar, and other renewables.

There’s a new player in renewable energy however, that’s making waves to decarbonize power generation, transport, storage, and some heavy industries.

It could even drive 6% of total cumulative emissions reductions globally on its own.

We’re talking about hydrogen and sustainable energy production companies lining up to join the race.

Enter Cleantech Power (PWWR), formerly known as Alkaline Fuel Cell Power Corp., a company that’s bringing sustainable energy infrastructure to the masses via a diversified business model of low-cost, high-efficiency hydrogen fuel cells, and cleaner on-site heat and power generation.

Summary

👉 High on Hydrogen

👉 A New Game in Town

👉 Get Powered Up

👉 The Bottom Line

High on Hydrogen

Lots of noise has been made about the growth of wind, solar and other renewables, but these clean energy sources aren’t always what they are cracked up to be.

Traditional renewables suffer from intermittency, as it’s not windy or sunny all the time. This leaves big holes in energy production, requiring massive storage infrastructure and supplementary power to compensate when output is low or when high energy demand periods occur (i.e., peaking power).

This is where fuels like hydrogen can come in and governments around the world get it; especially in Europe.

The European Commission has already put legislative proposals in place to decarbonize the EU gas market via renewables and low-carbon gases like hydrogen. Cumulative investments in renewable hydrogen in Europe could be up to €180-470 billion by 2050, and €3-18 billion annually for low-carbon fossil-based hydrogen. Europe is also looking at repurposing its vast natural gas pipelines for the transmission of hydrogen to cut investment costs by 50-80% and speed the hydrogen transition.

On top of that, public funding for hydrogen R&D increased the most YoY ever in history and now receives 5% of the total R&D budget for clean energy. European countries were the main driver of the investment, nearly doubling their spend.

Most hydrogen production today is done via fossil fuels like natural gas, but analysts estimate clean hydrogen could meet 24% of world energy demand by 2050 with annual sales of €630 billion. 24% of the world’s energy consumption today is via natural gas, so you can probably wrap your head around how much of a change this could mean for global energy consumption and energy security.

With the market for hydrogen continuing to grow and the recent global energy crisis underscoring how important energy security is, hydrogen has a real shot at playing a major role in reducing dependency on fossil fuels and reliance on countries like Russia.

A New Game in Town

Seeking to capitalize on this generational opportunity to decarbonize global energy, Cleantech Power (PWWR), is harnessing the power of hydrogen to develop long-term sustainable energy solutions in the form of low-cost, high-efficiency fuel cells.

By 2024, the company expects to have commercialized fuel cells to power homes and communities that generate zero CO2 and reduce reliance on energy grids.

The fuel cell game is a long-term play. Today, the company supplies and develops innovative low-cost, high-efficiency, and low-emissions-combined heat and power systems (CHPs) for multi-residential and commercial properties. Typically, properties rely on old, inefficient, expensive, and dirty means for power generation, so PWWR can give building operators an immediate 20% power cost savings for up to 30 years, insulate them from power grid vulnerabilities and help them reduce their carbon footprint. The company already has an active $50M+ pipeline of potential power contracts in play and is generating revenue.

That’s what we call diversification and de-risking.

Get Powered Up

How PWWR has structured its CHP business, its fuel cell technology, and its diversified business model makes it a company to watch.

PWWR differentiates by baking the costs of fuel (natural gas) into its CHP contracts, employs a flexible resourcing model, and maintains low operating maintenance costs which allow it to charge 20% less while still generating a 15% levered return on assets. Comparable utility companies charge more and make less on their assets.

Additionally, the company’s proprietary technology and fuel cell design enables it to manufacture fuel cells at a fraction of the cost of other fuel cell providers who tend to use Platinum and Palladium vs Nickel and Graphite. This makes PWWR’s offerings perfect for mass-market manufacturing and distribution so that anyone can lower their electricity costs and do their part to save the planet.

The Bottom Line

With the company already making major progress in its fuel cell development, inking joint ventures to secure green hydrogen, launching a prototype in January (Jupiter 1.0) which successfully demonstrated its capabilities, and doubling down on the growth of its CHP business, it’s hard not to be charged up about where this company is headed.

Building off the successful launch of its Jupiter 1.0 hydrogen-powered fuel cell, Cleantech Power has also just entered an exclusive sales and marketing agreement to be able to work with a variety of companies and government agencies in the Middle East and North Africa region.

Near-term catalysts include targeted deployments of several hydrogen fuel cell prototypes in pilot projects over 2023 and 2024, continued progress on its fuel cell roadmap, and the securing of additional strategic partners with the passion to prove that hydrogen and fuel cells will be critical to meeting the success of the low-carbon economy.

Watch out Elon.

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