1 November 2024
Hydrogen Future Industries
PLC
("HFI" or
the "Company")
Directorate
Change
Hydrogen Future
Industries plc
(AQSE: HFI), a developer of a proprietary
wind-based green hydrogen production system featuring an advanced
aerodynamic wind turbine and a high performance electrolyser,
announces that Hannah Haxby, Independent Non-Executive Director,
has resigned from the board with immediate effect to focus on other
executive commitments.
The Company has commenced its search
for a replacement Independent Non-Executive Director and will
update the market in due course.
Neil Ritson, Chairman, commented:
"We hope to continue our relationship with Hannah through her
other capital markets focussed roles and thank her for her support
and guidance whilst a member of our board."
Enquiries:
|
Hydrogen Future Industries plc
|
|
|
Neil
Ritson, Chairman
|
+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
Liam Murray
|
+44 (0) 20 72130 880
|
|
|
|
|
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, incorporating hydrogen compression and
storage. Hydrogen Future Industries is at the forefront of green
hydrogen production with its integrated system that marries an
advanced ducted wind turbine with a state-of-the-art Anion Exchange
Membrane Water Electrolyser (AEMWE). This innovative pairing is
designed to optimise renewable energy for the efficient production
of hydrogen.
Click here for
more information about Hydrogen Future Industries.
About HFI wind turbine technology
The HFI wind turbine is at TRL
(Technology Readiness Level) 6-7, showcasing an advanced design
with superior aerodynamics and rotor blade technology that
generates three times the energy of a traditional open rotor
design. The aim is to generate energy at a cost below $30/MWh and a
unit CAPEX of $700,000/MW. This innovation represents a smaller,
quieter, and more efficient alternative to existing wind energy
generation technology. The turbine's unique features include a
smart hydraulic drive that improves efficiency and reduces the cost
of energy production, the ability to generate energy over a broader
range of wind speeds, and versatile energy output in hydraulic, DC,
or AC forms without the need for additional AC to DC rectifiers for
hydrogen production. Significantly, the turbine can be raised and
lowered for optimal wind capture, reducing maintenance and
installation costs, as servicing can be performed at ground
level.
About HFI Anion Exchange Membrane Water Electrolyser (AEMWE)
technology
At TRL 4-5, the HFI Anion Exchange
Membrane Water Electrolyser (AEMWE) presents a step forward in
power efficiency, longevity, and cost-reduction for green hydrogen
production. Testing has confirmed a cell efficiency of 97%, notably
higher than the 80-85% of rival technologies. Constructed without
platinum group metal catalysts, the AEMWE utilises more affordable
and accessible materials, resulting in a projected cost that is 50%
lower per kW than the PEM electrolyser. It is designed to deliver
high efficiency even with variable energy supply typical of
renewable sources, and it features a unique system where individual
cells can be replaced without halting hydrogen production. The
AEMWE's catalysts are chemically attached to the electrodes,
preventing wash-off and ensuring durability. The ongoing patent
applications aim to protect the unique intellectual property
developed around this technology.
Visit our
website: www.hydrogenfutureindustries.com
Follow us on social
media:
LinkedIn: @Hydrogen
Future Industries
X (formerly
Twitter): @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.
