This technology stage process has potential for systems producing over 25, 000kg per day to produce hydrogen at a cost under $0.5 per kg including energy and maintenance. This system will locally compress the hydrogen and if desired can liquefy it for storage in floating insulated tanks or barges. It requires a minimum average wave height of 4 foot at a 5 second interval.
1kg of hydrogen is equivalent to 1.03 gallons (3. 785 liters ) of gasoline. Hydrogen can replace gasoline, natural gas and propane as a fuel. It has the highest energy density per pound of any fuel available. Most petroleum used for heating can be replaced by hydrogen.
Our wave energy system can deliver energy densities over 50 times greater than photo voltaic PV or solar thermal processes. This keeps capital costs much lower and provides a better roi. Estimates show large systems repaying entire capital investment in less than 2 years.
We are seeking market partners to fund and operate 1, 000kg per day systems in the ocean near their country. These systems cost between 2.5 and 3.5 million depending on the region, weather patterns, etc. We offer national exclusive manufacturing and distributorship for the first few partners depending successful sales. Those willing to fund first local demonstration systems but do not plan on building their own national distributorships can receive 5% of our royalties in that country.
Over a 10 year life the demonstration systems will produce 3, 650, 000 kg of hydrogen equivalent to 86, 904 barrels of petroleum. This will yield a cost per KG based on the original investment of $0. 82 which is less than 1 / 2 the cost of hydrogen from other production systems. Even when a 10% per year maintenance cost is factored in the cost is only $1.64 per kg, which is still under the cost of other systems. This low price point is obtained with a relatively small system and it gets much more cost effective as scales go up.
Respond only if you have $3, 000, 000 USD for a local demonstration system and are prepared to invest more in building local distribution channels. We verify financial capability by visiting the office of serious candidates. Visits cost $3, 000 inside the USA and $10, 000 outside the USA and must be paid before the visit. Fortune 1000 companies will receive preferential treatment.
Due to patent restrictions information we care share is limited until customers have signed binding agreements.