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Green Fortress Engineering's Low pressure, High-capacity Hydrogen storage


Project No: #19591
Capital needed
EUR 11,100,000
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Minimum investment per investor: 2.5M
Country: Switzerland
State: Vaud
Reason for needing Capital: Research & Development
Stage: Pre-Startup
Ideal Investor Role: Indifferent
Highlights: Silicon substrate with catalyst to split gaseous H2; Surface diffusion fills interior voids (800 m2/gm)
HOW IT WORKS: Release with temperature (100-120 C);Re-charge with pressure (8 bar – same as a bike tire); Particulate 25-40 micron, pourable, able to fill any-shaped vessel; Must keep free of air and moisture
• TECHNOLOGY READINESS LEVEL: Currently TRL 3/4 - technical feasibility demonstrated; Aim is TRL 6 in 2 years – working prototypes
What you offer to investors?: 51% equity for the 11.1M.
Business plan:

Green Fortress Engineering Inc. (GFE) is a leader in the design and development of next generation of Hydrogen Storage. GFE’s Hydrogen Ultra Storage (H2US) solution takes planet stewardship to the next level while forming the basis for an extraordinary economic opportunity. This innovative solution will allow GFE to enter several niches with a more efficient, dramatically lower cost solution while opening previously inaccessible markets. GFE is a privately held, early stage start-up that will be leveraging both non-dilutive grants and investor capital to commercialize and scale the company.

GFE Hydrogen Ultra Storage (H2US) - GFE’s ground breaking Hydrogen Ultra Storage (H2US) will drive a dynamic shift in the adoption of Hydrogen to a broad range of green energy markets including consumer, vehicular/transportation, residential, commercial and industrial applications. As an example, the H2US would increase the current range of the Toyota Mirai (300 miles) by 50% (to 450 miles: equal to many ICE vehicles today)utilizing the same physical space and at significantly reduced weight.

      Initial and lifetime cost savings through volume densities greater than that of liquid hydrogen at current system levels

      System cost savings: H2US enables storage at dramatically lower pressure (8 barvs 700 bar typical)

      Able to deliver much shorter refill times (~3.5 minutes)

      Eliminates the need for complex and costly high pressure hydrogen pressurization and storage while dramatically reducing the chance of explosive discharge.

      Unlike most known battery technologies, the H2US is fully recyclable/refurbishable using our R3 recycle, recover and restore approach.

Entry Market and Size - We have identified the material handling equipment market, i.e. fork liftsand tractor mules as our initial target market due to its faster adoption cycle and lower capex. We have estimated this market at approximately 14,000 fuel cell units existing in the US and 200 in the EU today with the potential to immediately convert to our storage technology. The improving economics of hydrogen and fuel cells is accelerating the growth of this segment at a fast pace as warehouse operations shift away from battery technology and begin implementing green energy solutions across their portfolios. In partnership with leading fuel cell solutions, the H2US will enable cost savings through reduced manufacturing costs, improvement in performance (longer run times), shorter down times (better capital utilization via faster refueling and less units required) while delivering a safer, greener solution than anything that is available today.

Initially, we expect to partner with leading fuel cell manufactures, distributors and systems integrators like Ballard-Protonex, Plug Power and Element One while working directly with equipment manufacturers such as Raymond, HyLIFT-Europe, Caterpillar, Clark, Toyota, Mitsubishi, Jungheinrich, KION, and Hyster-Yale Material Handling. Hydrogen-fueled drones are another attractive market, but the lack of hydrogen infrastructure relegates this skyrocketing market segment to a subsequent surge. Further information at www.greenfortressengineering.com


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