Stockbox spoke to Tim Blake, Hydrogen Future Industries CEO where he discusses their plans to develop pilot green hydrogen production system in Ireland.
- HFI has announced a new licensing agreement to deploy its technology in Ireland, aiming to develop green energy solutions and support the Irish grid, especially focusing on areas like farming and data centres that require substantial energy.
- HFI has developed a proprietary wind-based hydrogen production system utilizing one-meter wind turbines and electrolysers to generate hydrogen at under $2 per kilo, aiming to address current challenges in green hydrogen production.
- The global hydrogen market is projected to reach $2.5 trillion by 2050, with significant growth in electrolysis capacity expected.