The US$185 billion hydrogen industry is still overwhelmingly dependent on fossil fuels with 98% of production relying on non-renewable sources. Projected demand for green hydrogen from transport, industrial and chemical sectors is estimated to expand the market to US$1.65 trillion by 2050.
With Electrogenos’ innovative solutions, the startup positions itself at the heart of this transition, ready to tap into this immense growth potential. Their aim is to bring green hydrogen production cost below the US$1/kg benchmark, positioning Electrogenos below half of the premium price for the EU’s first green hydrogen auction at the end of 2023.
Electrogenos’ Catalyst Innovation 👨🔬
Demonstrating manufacturing excellence, Electrogenos unveils its groundbreaking catalyst:
- Performance and durability results:
- Electrogenos’ electrodes match competitors’ current densities at less than 1.7V, representing an 89% voltage efficiency
- At 1.8V, the electrodes achieve current densities that surpass 8000A/m2, the 2030 target set by the IRENA report in 2020
- Under aggressive accelerated degradation tests over hundreds of hours, the electrodes show less than 3% degradation, promising steady performance in dynamic operation when coupled with renewable energy sources
- Testing shows the electrodes have remarkable resistance to Chromium (Cr) and Iron (Fe) poisoning, making stainless steel a good choice for the balance of plant which will reduce overall cost
- Scalability: The catalyst is produced through a room temperature soft-tooling technique, guaranteeing a continuous, fully automated factory operation and facilitating scalability.
Revolutionising Electrolyser Stack Technology 📈
Through relentless innovation, Electrogenos is tackling three of the main barriers to green hydrogen market expansion: cost, deployment pace and supply chain security.
- Cost Efficiency: With simplified architecture and to soft-tooling manufacturing process, these electrolyser stacks are projected to cost around 25% of current market alternatives
- Rapid Deployment: Electrogenos’ electrolyser stack factories unlock economies of scale at a 200MW output capacity. This is a stark departure from the centralised gigawatt model, and aims to solve the two-year backlog issue currently facing the green hydrogen industry.
- Supply Security: Decentralising manufacturing gives ownership of the supply chain to local operators and a promise of energy security in perpetuity.
Manufacturing Roadmap 🏭
With a forward-thinking business approach, Electrogenos has charted an ambitious roadmap. By early 2024, we will have completed our current cell and stack testing programme in our Oxfordshire R&D facility, and will initiate the plans for our pilot manufacturing plant. This pilot plant aims to lay the foundation for our primary objective: achieving commercialisation by 2025 with a megawatt-scale electrolyser stack offering. To execute these ambitious plans, we are currently raising funds for our seed round and looking for investors and partners to join us on our exciting journey.
A Word from the CEO 👤📢
“The alarming 98% dependency on fossil fuels in hydrogen production is more than a statistic; it’s a global challenge. At Electrogenos, we’re not just innovating for innovation’s sake. We are on a mission to pivot this industry towards a green, sustainable future. Our recent breakthroughs aren’t just numbers on a page—they signify a profound shift in how the world can access cleaner energy. We’re proud of what we’ve achieved, and even more excited about the road ahead.” – Augusto Bartolome, CEO of Electrogenos.