HiiROC today completed a c. £26 million fund raise with new investors including Melrose Industries, HydrogenOne, Centrica, Hyundai, and Kia, who join existing strategic investors Wintershall Dea and VNG in helping to combat climate change with affordable hydrogen produced at scale but without CO2 emissions.
HiiROC’s patented technology uses a thermal plasma electrolysis technique to convert biomethane, flare gas, or natural gas into clean hydrogen and carbon black. This produces CO2-free “turquoise hydrogen” at a cost equivalent to steam methane reforming, but without the emissions and with just one-fifth the energy required by water electrolysis.
Carbon black, a solid carbon waste, has a variety of uses, including tyres, construction materials, and soil enhancement. It is made utilizing HiiROC’s technology, which eliminates the pollutants and pollution that come with the traditional oil furnace manufacturing process.
HiiROC technology may be installed anywhere hydrogen is required, utilizing existing infrastructure and minimizing the expenses of storage and transportation. HiiROC’s development potential spans the hydrogen economy, from grid injection and power generation to decarbonizing industry through natural gas replacement, flare mitigation, and synthetic fuels. The 400kg/day hydrogen facility in Germany, recently announced by Wintershall Dea and VNG, as well as EPi’s biomethane pilot plant in Chelmsford and Northern Gas Networks as part of its hydrogen strategy, are among the first initiatives.
This round of investment will allow the company to expand the deployment of pilot units to new client groups, putting the technology in a better position for future adoption. The modular units offer a wide range of uses, from small-scale transportation and heating to large-scale decarbonization of gas-fired power plants and grid hydrogen mixing. Furthermore, the investment will hasten HiiROC’s technological development, allowing it to expand its application into fields like as low-carbon synthetic fuels and gas flaring/venting mitigation to assist fulfill global methane emission reduction objectives set forth at COP26.
“We are ecstatic to have closed this significant investment round at such an exciting time in our development.” Our system will manufacture low-cost, zero-emission hydrogen that will be distributed to clients at the point of need in a modular, scalable manner. We’re now in a great position to move forward with commercialization, and we’re excited to be a part of the hydrogen economy’s shift to Net Zero.” HiiROC’s CEO, Tim Davies.
