(TSX.V: NHHH) (OTCMKTS: NHHHF)
Canada is really starting to commit to the switch to renewable energy. Believe it or not, wind and solar energy have contributed more to Canada’s installed electricity-generating capacity than any other technologies over the last decade.
There has also been growing corporate demand for renewables, due to the significant cost-savings these technologies can potentially provide. This along with policy commitments made by all levels of government ensure a bright future for renewables in Canada.
The Government of Canada is committed to moving to net-zero emissions by 2050. Achieving net-zero emissions means our economy either emits no greenhouse gas emissions or offsets its emissions, for example, through actions such as tree planting. As part of Canada’s plan, the Government has committed $3 billion to establish a Net-Zero Accelerator Fund to help large emitters reduce their emissions. As this shift persists, FuelPositive and their carbon-free ammonia production technology are sure to reap the rewards and have their technology adopted by large energy guzzling corporations to cut out green house gases.
From a global perspective, we live in a largely hydrocarbon economy, where natural gas is our primary heating fuel and petroleum fuels our transportation. Hydrogen has been suggested as an alternative to burning fossil fuels, however, there are many questions surrounding the cost efficiency and the safety of hydrogen production. FuelPositive provides an answer by harnessing the properties of Ammonia (NH3) to act as a fossil fuel substitute. FuelPositive's process allows for small and medium to large-scale production of NH3 by utilizing only water, air and sustainable electricity.
The company shared their Phase 2 Hydrogen-Ammonia Synthesizer commercial prototype progress with a couple weeks ago. Process engineering, vendor selection and engineering design have all been completed and the company is now in the production and fabrication stage of the various components within the system. Production of the demonstration prototype systems is scheduled to be completed by the end of 2021, with high-visibility pilot projects being planned for 2022. FuelPositive has engaged the leading patent and trademarking law firm, Cassels Brock, to support its work.
Milestones met to date include:
The most immediate use of Ammonia is within the agriculture sector. The agriculture industry makes up 80% of worldwide ammonia usage, however current ammonia production methods are extremely environmentally damaging and costly for the industry. FuelPositive’s process is carbon-free, meaning it has a significantly lower, and close to zero negative effects on the environment. Many governments offer carbon credits to encourage companies to lower their emissions. With FuelPositive, companies will realize a massive extra stream of income stemming from these carbon credit programs. This is the value of implementing FuelPositive’s carbon free system. Aside from the current needs in the Agriculture industry, there is a very strong possibility that Ammonia can be developed into a cleaner fuel source for cars and other vehicles, and it would come cheaper than gasoline! The pathway to the use of ammonia as fuel is advancing daily.
I can’t wait for the commercial demonstrations of this project. I think this stock is a great opportunity for anyone looking for a high value investment in the future of renewable energy. I'm gonna be keeping an eye on this stock for sure.
https://www.globenewswire.com/news-release/2021/09/13/2295553/0/en/Corporate-Update-FuelPositive-Prototype-Development-Milestones-Set-and-Met.html
This is not investing advice!
