COLUMBUS, Ohio July 15, 2020 – Hydrogen is on the rise. This carbon-free fuel and energy storage medium is the perfect antidote to our fossil fuel addiction, and the world is waking up to the great potential hydrogen has to power our lives without disrupting the climate. Investment in hydrogen is spiking with multiple new funds announced, including Pale Blue Dot, Chris Sacca’s Lowercarbon, and HydrogenOne Capital. With stronger commitments to reducing carbon emissions, Europe is leading the way. However, there is also action elsewhere with hydrogen-centric carbon neutral/negative goals from major companies such as Dominion Energy and Microsoft.

• Robust to Contaminants – Unlike PEM electrolyzers that require di-ionized water, CEB can operate on lower quality water. This allows for simplified, more efficient systems, especially in areas where freshwater is scarce, such as offshore.
• Commercial System Design – Performed a preliminary design of commercial-scale CEB and determined that 3 MW / 1500 kg(H₂)/day system that outputs at 200 bar can be accommodated in a standard 40 foot container.
• Low Cost – CEB was evaluated using a standard DOE case for renewable energy (40% electrolysis utilization and $0.02/kWh) and was found to reduce the cost of green hydrogen by 35% compared to an equivalent PEM system.

• Renewable Energy – Through dialog with major renewable power equipment suppliers, project developers and utilities, we have confirmed the need for co-located green hydrogen production and long duration energy storage. With these firms, we have laid the groundwork for partnerships focused on demonstrating utility-scale CEBs.
• On-site Hydrogen – Explored hydrogen as a service (H2aaS) model where P2H2, with partners, places CEB to serve hydrogen users while retaining ownership and the ability to sell additional products and services: oxygen, peak shaving, backup power and grid support. H2aaS provides competitively priced on-site green hydrogen as well as an attractive margin for P2H2.
• Space – Based on the results of our NASA SBIR, we submitted pre-proposals for two additional NASA programs and were strongly encouraged to submit full proposals. Working with NASA, P2H2 is exploring lunar energy storage and in-situ resource utilization (ISRU) to produce hydrogen and oxygen from lunar water.
• Military – As the Navy looks to maximize the value of abundant Obama-era solar installation at bases, the unique advantages of CEB could play a role in producing green hydrogen for fuel cell vehicles and potable water for personnel.

• Selected – P2H2 was selected to participate in 2020 Cleantech Open cohort. This was announced by our friends at BRITE Energy Innovators.
• Facilities – Renovations are underway for our new 4,000 sq. ft space, and we expect to move in by the end of August.
• Financing – Continued holding exploratory conversations with a range of investors and are on pace to move forward with a seed round later this summer.

COLUMBUS, Ohio May 6, 2020 – Pioneering hydrogen and energy storage company Power to Hydrogen, was selected to participate in Cleantech Open Accelerator, the oldest and largest cleantech startup accelerator program, with the mission to find, fund, and foster entrepreneurs with ideas to solve our greatest environmental challenges.

Since 2006, Cleantech Open has worked with over 1,500 early stage cleantech innovators, helping them develop their business models, engage investors and secure first customers. Each year, over 150 companies participate in one of the Cleantech Open US, Global Climate Innovation or Global Ideas programs. Once a year, the best innovators from across these programs come together in celebration of their progress and impact in creating an inclusive green global economy.

Upon learning that Power to Hydrogen was selected for Cleantech Open, CEO Tad Dritz noted “we’re looking forward to participating in Cleantech Open, a program that has been highly recommended by multiple advisors.” Before adding “Cleantech Open will valuable in advancing Power to Hydrogen and connecting with potential partners and investors.”

COLUMBUS, Ohio April 2, 2020 – Welcome to the first edition of P2H2 News, a quarterly update about progress at, aka P2H2. As the world reels from the COVID-19 pandemic, our hope is that this newsletter is a welcome reprieve that shows despite the disruptions we continue to make progress towards our goal of radically improving access to and affordability of green hydrogen, a cornerstone of our collective clean energy future.

“Hydrogen Now!” is what I asserted in a recent Gastech Insights article, and I mean it. In many ways the hydrogen economy is ready to pop, but adoption is constrained by the cost of producing (green) hydrogen from renewable resources. This is where P2H2 is focusing efforts. Our Clean Energy Bridge™ can (and will) produce cheaper green hydrogen with:

• Low cost equipment – 20-40% less than equivalent PEM systems
• High pressure operation – eliminating costly, maintenance intensive compression
• Reversibility – enabling power production and improving asset utilization

• Current Density – Elevated electrolysis performance to 800 mA/cm² (at 1.8 V), 2X higher than liquid alkaline and competitive with pricier PEM electrolysis.
• Roundtrip Efficiency – Reached 53% RTE (on voltage basis), which is respectable for long-term energy storage and compares favorably with competing approaches, including lithium ion batteries that are only 60% efficient for long-duration storage and costs 10X more than CEB for incremental capacity.
• Simplified System – Demonstrated operation (>50% round-trip efficiency) with dead-ended, self-generated gases, validating commercial systems can work with only a liquid pump, and no other moving parts.
• Low Cost – Preliminary bottom-up cost analysis based on shows significant cost advantage for CEB over PEM electrolyzers; at volumes over ~25 units/year, CEB price (with 50% margin) is less than PEM cost (no margin).

• Renewable Energy – Pairing CEB with utility-scale renewables is a billion-dollar opportunity. While this is still a few years out, P2H2 began exploring the potential of combining CEB and offshore wind turbines with Shell, WindSTAR Center at University of Massachusetts-Lowell and others; this team applied for Phase I Department of Energy (DOE) SBIR.
• On-site Hydrogen – Through extensive customer discovery, during participation in H2Refuel [link] accelerator, we discovered an unmet market need for cost effective on-site hydrogen generation. Hydrogen is needed for fleet vehicles such as fuel cell lift trucks at distribution centers; financial modeling for this case indicates that CEB offers 2X higher return on assets (ROA) compared to industry leading alkaline electrolyzers.
• Space – With partners including Lockheed Martin and support from NASA, P2H2 is applying CEB technology to both store power and produce hydrogen and oxygen from lunar water. P2H2 sought additional support from NASA via an SBIR Phase II and other programs (ACO and Tipping Point).
• Military – Due to operational advantages they offer, hydrogen and microgrids are hot topics in military circles. During the past quarter, P2H2 sought Army and Air Force support for Tactical Energy Hub, a militarized version of CEB.[PM3] 

• Financing – Pitched numerous early stage investors and other potential backers. Generated good deal of interest but given the current situation, we decided delay seed round until summer.
• Partnerships – In addition to the commercial relationships described in the Market section, P2H2 has partnered with Brite Energy Innovators, Ohio’s only energy focused entrepreneurial support organization.
• Facilities – To date, P2H2 has been operating out of (sister company) pH Matter offices in Columbus, Ohio, but recently contracted 4,000 sq.ft. with both offices and laboratory space. We expect to move to the new spot, which is only a few doors down, in June.