Hydrogen Clean Vision Options – GuruFocus.com

LOS ANGELES, Calif./ACCESSWIRE/February 7, 2022/ Clean Vision Corporation (OTCQB:CLNV), a global holding company that acquires and operates sustainable clean technology and green energy businesses, announced today that it has opted for cutting-edge hydrogen fuel cell technology as a crucial next step towards demonstrating its ability to store its clean hydrogen — AquaHMT produced from its pilot pyrolysis plant – which should lead to large-scale commercialization.

The Company plans to customize this advanced fuel cell (technically, a “low-temperature PEM pure hydrogen fuel cell electric power generator”) to install it with its Hyderabad Pyrolysis Pilot Plant which is developed in accordance with its agreement with the Indian Institute of Chemical Technology (IICT). Clean-Seas recently upgraded its plastic waste-to-energy technology to produce hydrogen as a valuable end product to improve the economics of its technology.

This fuel cell should allow Clean-Seas to provide a complete end-to-end solution: producing converted energy from a plastic waste stream and supplying clean electricity to an end user. The combination of pyrolysis and fuel cell technologies gives Clean-Seas a disruptive advantage as it enters the 125 billion dollars of hydrogen economy. The pilot plant is expected to be installed in Hyderabad in March.

Kingsberry Terms of Service and License

Clean Vision opted for the fuel cell technology of Kingsberry Power, who spent 12 years developing and patenting the technology largely funded by $10 million in US and state government (DARPA, DOE, etc.) sponsored research grants. Following its preliminary R&D and its collaboration with Kingsberry to adapt the fuel cell to the electricity produced by its pyrolysis plant, the Company plans to convert its option into a license agreement.

Under the terms of the license agreement, Kingsberry grants Clean Vision:

  • Exclusive intellectual property rights and worldwide distribution, excluding Canada. While Clean Vision commercializes the technology, Kingsberry retains a subordinate right to white label and commercialize it in the United States.
  • A five-year term with renewal rights at the discretion of Clean Vision
  • On-site technical support for custom fuel cell design for its Hyderabad pyrolysis plant
  • Ongoing worldwide technical support for the fuel cell throughout the life of the license

Although financial terms are not disclosed, the licensing fees to be paid to Kingsberry are heavily weighted by the commercial revenue and profitability of the IP when Clean Vision markets it as an integral part of its pyrolysis plants to be built in the world in clean seas. Plastic conversion network (PCN).

“This is a game-changer,” said Dan Bates, CEO of Clean Vision. “The patented and advanced hydrogen fuel cell was the last remaining component needed to create a virtuous environmental cycle – from plastic waste to clean hydrogen to usable electricity. It is not just a solution environmentally sound, but which we believe will add great value to our We have agreements with nations and cities around the world to host large PCN plants, a recently upgraded commercial pyrolysis technology to produce hydrogen clean from plastic waste and, now, the ability to efficiently store that hydrogen energy for commercial use.

“With the support of our expert strategic partners, we are preparing to demonstrate our own pilot pyrolysis plant in Hyderabad next month. By helping to solve the global plastic waste crisis and converting this plastic waste into hydrogen to help to solving the climate change crisis, Clean-Seas is at the forefront of a hydrogen economy that will change the world in the years to come,” Mr. Bates added. “The fact that three major Wall Street firms launched hydrogen-themed ETFs last year indicates that smart money sees incredible future value to be realized in this sector.”

When operational, Clean-Seas’ Hyderabad plant is designed to produce its own brand of clean hydrogen called “AquaHTM” which is generated from a waste stream that lies between green and blue hydrogen as explained in this link. This positions Clean Vision as an early entrant into the nascent market $125 billion hydrogen generation market which analysts expect to grow to $184 billion by 2028.

About Clean-Seas, Inc.

Clean-Seas, Inc. is a wholly owned subsidiary of Clean Vision. It provides efficient and cost-effective technology solutions that address the global plastic waste crisis and create economic opportunities and social benefits in emerging and developed economies around the world. Clean-Seas offers the deployment of “best in class” pyrolysis technology for the recycling of plastic waste into energy, including securing raw materials and off-take agreements. For more information visit: clean-seas.com.

About Clean Vision Corporation

Clean Vision is a public company that acquires and operates a portfolio of synergistic companies in the sustainable clean technology and green energy sectors. For more information visit: cleanvisioncorp.com.

About CSIR-IICT

CSIR-IICT is one of India’s leading research and development institutions that focuses on the development of advanced, sustainable and affordable technologies in chemical science and technology for the improvement of human welfare and is designed to meet technology transfer, commercialization and scalability requirements. . For more information: https://www.csir.res.in/.

About the IICT

CSIR-Indian Institute of Chemical Technology (CSIR-IICT), Hyderabad was established in 1944, as a constituent laboratory of the Council of Scientific and Industrial Research (CSIR), Government of India. Since its inception, CSIR-IICT has focused on developing advanced, sustainable and affordable technologies. It is internationally recognized for its contributions to chemistry and chemical technology and is an ideal place to bring ideas to commercialization through cutting-edge research and development. For more information: https://www.iict.res.in/.

Safe Harbor Statement

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to expected revenues, expenses, profits, operating cash flow, market outlook and demand for products. Forward-looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors that could cause actual results to differ materially from the forward-looking statements. These statements are based on, among other things, assumptions made by management and information currently available to it, including management’s knowledge and assessment of the Company’s industry and competition. The Company undertakes no obligation to update its forward-looking statements.

Contact
Clean Vision Corporation
Dan Bates, CEO
[email protected]

Investors
Frank Benedetto 619-915-9422
Twitter: @CleanVisionCorp

THE SOURCE: Clean Vision Corporation

See the source version on accesswire.com:
https://www.accesswire.com/687435/Clean-Vision-Options-Hydrogen-Fuel-Cell-Tech-Company-Plans-to-Adapt-and-License-Tech-for-Storing-its-AquaH-Entering- 125 billion hydrogen market

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