Sharing an impressive video of the catalyst in action, furiously bubbling hydrogen by simply dipping a catalyst tip inside a glass containing the so-called Electriq~Fuel, Electriq~Global’ CEO Guy N. Michrowski detailed the company’s roadmap and go-to-market strategy to eeNews Europe.
“What we’ve developed is the technology for safe H2 storage using a liquid carrier, a mixture of water and boron hydride (BH4) which can store a good quantity of hydrogen but which is also safe, non-explosive, non-toxic, and can be handled at ambient pressure and temperature”, said Michrowski as an introduction.
“This makes storing hydrogen very cost competitive. In our case, the whole infrastructure of H2 transport is simple and cost competitive with gasoline. But we also designed a method of generating H2 from the fuel, on demand thanks to a catalyst, to feed fuel cells” continued the CEO.
The technology was invented by Dr. Alex Silberman, an electro-chemical expert with a strong background in developing fuel cells and hydrogen-based energy solutions and currently CTO and Co-Founder of Electriq~Global.
“As he realized that a lot of good companies were creating cost competitive fuel cells, he decided to focus on the missing component, how to make H2 easily accessible. The target price for hydrogen to become cost competitive with gasoline is $6/kg at the filling station. Our aim is to go even below that” said Michrowski.
“But in fact, we are not competing with gasoline, we are enabling the switch to electric vehicles. Very soon, by 2025 in Holland, by 2030 in Germany and by 2040 in France, regulations will be limiting the use of internal combustion engines. So we are only replacing the compressed hydrogen stack”.