Advanced Hydrogen Producing Equipment Wins Top Prize and $1 Million in TERA-Award Competition
HONG KONG&CHINA GAS S/ADR (HOKCY)
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Source: PR Newswire
HONG KONG, April 22, 2024 /PRNewswire/ -- The results of the third TERA-Award Smart Energy Innovation Competition, hosted by Towngas, have been announced in Hong Kong. The Gold Award and a prize of US$1 million were won by a project of advanced alkaline hydrogen-producing equipment from a Chinese research team, significantly reducing the cost of hydrogen production. An Israeli team won the Silver Award for hydrogen storage at near-ambient conditions; another Chinese team received Bronze for versatile heat/cold energy storage material.The Gold Award winner, which received a US$1 million prize, is Hua Xia Hydrogen Technology from China. The company has developed a high-efficiency design for hydrogen production through water electrolysis, requiring less than 4.3 kWh of DC power per cubic metre of hydrogen. This technology enables direct hydrogen production from renewable energy, reducing equipment costs and improving long-term operational stability. It has applications in various sectors
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