Green hydrogen projects have had difficulties making it past final investment decision for numerous reasons. To focus on a few:
- High sticker shock from the initial CAPEX
- High O&M costs including planned stack replacement
- Long lead-times for the electrolyzer(s) - years in some instances
- Uncertain legislative and policy environment
BullX Research took the insight from our combined backgrounds in green hydrogen and developed an electrochemical cell around a set of manufacturing methods. A cell designed from the ground up for ease of manufacturing, conducive to a high degree of automation. While the manufacturing methods are technology flexible, we are starting with AWE (Alkaline Water Electrolysis) technology due to the maturity of the technology which helps reduce risk. Some of the key features include:
- Lower material costs compared to typical AWE
- Drop in replacements to accommodate additional technologies
- Minimal handling and labor requirements, highly automatable
- Our cell and stack manufacturing costs are only 35% compared to the competition, based on published values for manufacturing AWE
- 10x higher manufacturing capacity per dollar invested into that capacity when compared to announced expansion projects globally
- Shorter lead-time >> less inventory requirements >> lower risk for manufacturing and customers
- Made in America with limited exposure to tariffs and international volatility
Where we are now:
- Design and tooling for laboratory cells and stacks completed
- Demonstrated manufacturing technologies and validated manufacturing capacity through lab scale cell production
- We continue to gather performance and durability data on the lab scale systems while refining our design and models for the first commercially relevant sized cell
- We are in the final stages of designing tooling for our commercial sized cells
We have ambitious goals, including being the cost leader in AWE and AEM stack manufacturing