HFI Hydrogen Future Industries PLC

 
TIDMHFI 
 
7 December 2023 
 
Hydrogen Future Industries plc 
 
("HFI" or the "Company") 
 
Collaboration with University of Bristol 
 
Hydrogen Future Industries plc (https://hydrogenfutureindustries.com/) (AQSE: 
HFI), a developer of a proprietary green hydrogen production system featuring an 
advanced aerodynamic wind turbine and a high-performance electrolyser, is 
pleased to announce it has signed a memorandum of understanding (the 
"Agreement") with the University of Bristol ("UoB") to collaborate to advance 
respective technologies, secure funding for joint research and development and 
accelerate commercial opportunities. 
 
UoB is a leading research university with several active research and 
development projects related to hydrogen. In particular, UoB has identified 
HFI's technology as having synergies with its Hydrogen Depleted Uranium Storage 
("HyDUS") project, a collaborative projectinvolving EDF UK (lead partner), UoB, 
Urenco and the UK Atomic Energy Authority (UKAEA). HyDUS's grid-scale storage is 
designed to meet three key objectives: 
 
  · to help balance fluctuations in the supply of energy from renewables such as 
wind and solar as well as provide nuclear powerplant sites with a load following 
capability (in all cases, large-scale hydrogen storage is vital to ensure power 
from renewables and nuclear is dependable and available on demand); 
  · to help decarbonise the national grid; and 
  · to provide high purity hydrogen for transport applications and energy 
intensive industries seeking to decarbonise. 
 
UoB has also identified several pilot or demonstrator sites suitable for 
locating HFI's green hydrogen production system including potential use of 
university sites outside the city of Bristol. 
 
Tim Blake, CEO, HFI Energy Systems, commented: 
 
"We are excited to be working with the University of Bristol to accelerate the 
development of HFI's system, especially the Anion Exchange Membrane Water 
Electrolyser. The University of Bristol has a world-class team with world-class 
facilities and together we can accelerate the development of the cutting-edge 
technology. Our electrolyser has demonstrated exceptional efficiency in testing 
to date and the technology has been identified by UoB as a perfect fit for their 
HyDUS project. Having access to sites in the UK to develop and demonstrate the 
complete green hydrogen system, from generation to utilisation, is very 
important to both parties." 
 
Tom Scott, Professor, University of Bristol, commented: 
 
"I have known Tim Blake for some time and have been waiting for the opportunity 
to collaborate on hydrogen projects with him and his team. The HFI green 
hydrogen production system could fundamentally change the energy landscape as we 
know it. It also has clear and immediate synergies with our HyDUS project and 
other technologies we are actively developing. By collaborating with HFI, we 
hope to share human, intellectual and equipment resources whilst also fast 
-tracking grant and other joint funding opportunities." 
 
Enquiries: 
 
Hydrogen Future Industries plc 
Daniel Maling, Executive Director                      +44 (0)20 3475 6834 
 
Vigo Consulting (Investor Relations) 
Ben Simons                                             +44 (0) 20 7390 0230 
Peter Jacob 
 
Cairn Financial Advisers LLP (AQSE Corporate Adviser) 
Ludovico Lazzaretti                                    +44 (0) 20 72130 880 
 
Liam Murray 
 
Peterhouse Capital Limited (Broker) 
Duncan Vasey                                           +44 (0) 20 7469 0930 
 
Inside Information 
 
This announcement contains inside information for the purposes of the UK Market 
Abuse Regulation and the Directors of the Company accept responsibility for the 
contents of this announcement. 
 
About Hydrogen Future Industries 
 
Hydrogen Future Industries was established to invest in projects and companies 
focused on the Hydrogen Economy. We are developing a proprietary wind-based 
hydrogen production system, featuring an advanced aerodynamic wind turbine and a 
high-performance electrolyser. Through this technology, we aim to significantly 
reduce the cost of hydrogen production from renewable sources and provide on 
-demand energy storage in the form of hydrogen at a fraction of the cost of 
lithium-ion battery storage. Click here (https://hydrogenfutureindustries.com/wp 
-content/uploads/2022/07/HFI-Flyer-for-Website.pdf) for more information about 
Hydrogen Future Industries. 
 
Visit our website: www.hydrogenfutureindustries.com 
 
Follow us on social media: 
 
LinkedIn: @Hydrogen Future Industries (https://www.linkedin.com/company/hydrogen 
-future-industries) 
 
Twitter: @HydrogenFI (https://twitter.com/HydrogenFI) 
 
Caution Regarding Forward Looking Statements 
 
Certain statements made in this announcement are forward-looking statements. 
These forward-looking statements are not historical facts but rather are based 
on the Company's current expectations, estimates, and projections about its 
industry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,' 
'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressions 
are intended to identify forward-looking statements. These statements are not a 
guarantee of future performance and are subject to known and unknown risks, 
uncertainties, and other factors, some of which are beyond the Company's 
control, are difficult to predict, and could cause actual results to differ 
materially from those expressed or forecasted in the forward-looking statements. 
The Company cautions security holders and prospective security holders not to 
place undue reliance on these forward-looking statements, which reflect the view 
of the Company only as of the date of this announcement. The forward-looking 
statements made in this announcement relate only to events as of the date on 
which the statements are made. The Company will not undertake any obligation to 
release publicly any revisions or updates to these forward-looking statements to 
reflect events, circumstances, or unanticipated events occurring after the date 
of this announcement except as required by law or by any appropriate regulatory 
authority. 
 
 
This information was brought to you by Cision http://news.cision.com 
 
 
END 
 
 

(END) Dow Jones Newswires

December 07, 2023 02:00 ET (07:00 GMT)

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