H2U Technologies (H2U) announced the appointment of Mark McGough as President and Chief Executive Officer.
McGough has a long and successful track record of commercializing new energy technologies, including the introduction of the ultracapacitor as a new class of energy storage technology as President of Maxwell’s Advanced Energy Storage business, as well as as CEO and commercialization leader of fast-growing startups such as Ioxus, Energetics, and Pentadyne Power.
H2U is developing the Gramme50, the world’s lowest cost PEM electrolyzer, specifically for producing the lowest levelized cost green hydrogen, in order to scale the Hydrogen Economy. H2U’s proprietary low cost earth abundant non-PGM catalysts and its disruptive PEM design, which allows for easy upgrades to the catalyst/MEA as H2U continuously improves its Platinum and Iridium replacements, are key enabling technologies for achieving and maintaining low CAPEX.
The new and highly anticipated energy source for decarbonizing the global economy is “green hydrogen.” Green hydrogen is produced using renewable energy sources such as solar and wind generation, and PEM electrolyzers that produce hydrogen are well suited for pairing with such resources. Green hydrogen has the ability to store renewable electricity at grid scale for long periods of time while also serving as a carbon-free fuel for heavy transportation such as ships, aircraft, trains, and trucks – a clear advantage over battery storage.
“I am thrilled to join H2U Technologies – the best science team in this business – and equally excited to lead commercialization of the unique H2U catalyst and electrolyzer product sets that address a key barrier to scaling the Hydrogen Economy,” said Mark McGough, the new President and CEO of H2U Technologies. “H2U has the world’s fastest electrocatalyst discovery capability, and we have already demonstrated the ability to produce hydrogen with full replacement of expensive iridium catalyst materials. Also, H2U’s novel low cost electrolyzer design, fitted with our new PGM-free catalysts, will begin customer demonstrations in mid 2022.”
CalTech Professor and H2U Co-Founder Nathan Lewis adds, “I couldn’t be more pleased to welcome Mark onto our team. I founded H2U with the vision of a clean energy future, and we have just hired a highly successful, proven executive with the experience and capabilities to lead us to a realization of that vision.”