Hydrogen Engine Center Restructures to Focus on Commercialization
27 November 2007
Hydrogen Engine Center, Inc., a developer of systems and processes used in the design, manufacture and distribution of alternative fuel internal combustion engines, engine controls and generator systems, including those fueled by hydrogen and ammonia (earlier post), is taking a series of steps to expand its advanced technology development while simultaneously accelerating the delivery of alternative energy solutions to the global market.
The company has adopted a four-point strategic plan:
Licensing of energy technology, built upon HEC’s current and growing patent portfolio. The new company structure underscores the importance of technology licensing. HEC technology converts most spark ignited engines to burn hydrogen or ammonia. By licensing this technology, HEC will sell to OEM manufacturers worldwide, helping transform traditional engines into near-zero emission power sources. HEC intends for this strategy to enable it to reach a broader market, with rapid product delivery cycles, bringing solutions that OEM partners and end user customer demand.
Expanding HEC work in utilizing its non-polluting power solutions in transforming renewable energy sources such as wind and solar power into mainstream power sources. HEC has two renewable energy customer partnerships in place now. These projects combine wind towers with HEC system to produce and store hydrogen as a fuel. This technology is being piloted by HEC partners in Canada and the US.
The formation of the HEC Advanced Carbonless Energy Technology Group (ACETG). ACETG will operate as the global IP hub for the company, and as a gearbox for co-development with strategic partners. HEC is targeting green corporate partnerships with key sectors such as government, manufacturing and transportation.
Hydrogen cogeneration/reuse. Hydrogen is the waste product of many chemical processes. The manufacturing of chlor-alkaline—used in the production of cellulose fiber—generates “unused” hydrogen. This hydrogen is unsuitable for most fuel cells. The HEC team, with a strategic client, has in place an OxxPower genset which is burning this hydrogen and generating power to run the factory, effectively using this hydrogen to provide cleaner-burning, very low cost energy. This system is operational with customers in India. (Earlier post.)
As part of the restructuring, Don Vanderbrook has been named CEO of HEC; he had been COO. Ted Hollinger, founder and Chairman of HEC, will head up the ACETG.
Hydrogen Engine Center is one of many companies that are working in this space. To see a more complete list, please try visiting: http://energy.firsthandcapital.com/index.php?fuseaction=investing.companies and enter "all companies" and "hydrogen". Thank you.
Posted by: | 27 November 2007 at 11:53 AM
Oops, that link won't work. Please try http://www.cleanerenergynow.com/index.php?fuseaction=investing.main
Posted by: | 27 November 2007 at 11:54 AM