HFI Energy Systems Limited (HESL), a wholly owned subsidiary of Hydrogen Future Industries, has been formed to develop proprietary wind and water-based hydrogen production systems with hydrogen compression and storage.
HESL’s Chief Executive Officer, Timothy Blake, has been named to lead this initiative.
Blake has extensive experience developing efficient turbine systems, which he has specialized in for the past 12 years and for which he has written multiple patents. The goal is for the company and HESL, led by Blake, to develop systems that can provide on-demand energy storage in the form of hydrogen at a fraction of the cost of lithium-ion battery storage in a variety of locations.
Prior to working on the development of turbine systems, Blake spent many years in the motorsport and transportation industries, where he worked with companies such as Lexus/Toyota, General Motors, and Airbus, and built a niche and well-respected network.
Daniel Maling, Chairman of HFI, commented: “The obstacles that have to date hindered an expansive growth in green hydrogen genera ti on arise primarily from the cost of renewable energy generation. After several months of detailed due diligence and discussions we believe our capital, coupled with Tim Blake’s experience in this area, will enable us to develop technologies which will significantly lower the cost of hydrogen production from several renewable sources.
“HFI’s shareholders will have a stake in potentially game-changing renewable energy-based hydrogen production technologies. Teaming up with Tim is the most exciting investment opportunity we have seen in the emerging sector. We look forward to Tim joining the HFI team and helping us to develop a suite of very exciting technologies.”
