CeraPhi Energy is pleased to announce its collaboration with Climate Change Ventures (CCV) for the development of Green Hydrogen using baseload Geothermal as the primary energy source for continual electrolysis from its proprietary Closed Loop CeraPhiWell system.
The parties will combine CeraPhi's experience in Advanced Geothermal and proprietary Closed Loop technology together with CCV's Innovative Hydrogen Technology to develop and roll out baseload geothermal for scalable Green Hydrogen production anywhere.
CCV is an integrated financial services and project development firm established to facilitate technology development within the energy transition movement with the prime objective of reducing carbon footprint in line with international climate change targets.
Through its subsidiary Hydrogen Venture Ltd (HV2), CCV have established over £350M in developments within the EU and UK, seeking to recover 1.5 million tons of CO2. Their vision is to increase their current project portfolio of green hydrogen and synthetic fuels (green ethanol and green methanol) in 2022 to over £1bn.
Green Hydrogen is produced by splitting water using electrolysis powered by renewable energy sources such as wind or solar and is the cleanest option, since CO2 is not produced as a by-product.
CeraPhi Energy is an Integrated Geothermal Energy company with proprietary Advanced Geothermal Closed Loop technology providing baseload 24/7 energy off grid anywhere, across a multitude of sectors which include large scale domestic and residential heat networks, combined heat and power, industrial processing, desalination and water treatment, agriculture, and aquaculture.
Karl Farrow, CeraPhi Energy CEO said:
"There is a lot of hype around Hydrogen's role in the energy mix being a clean fuel to burn for heating or use for transportation, however, we know most of this is focused on the use of fossil fuel and whatever that's, black, grey or blue, to produce this sustainably at scale means producing fossil fuels in vast quantities forever. The CeraPhi approach allows Hydrogen to be produced using one of the cleanest baseload energy sources, that being Geothermal. Green Hydrogen requires a 24/7 energy supply to make it commercial at scale and due to its complex transportation challenges the ability to produce Green Hydrogen at a low cost where it can be used directly provides a game changing commercial benefits. We are looking forward to working with Climate Change Ventures in these projects and defining the next generation of scalable Green Hydrogen technology."
Horacio Carvalho, CEO of Climate Change Ventures said:
"CCV is always looking for new technologies that enhance competitive pricing on green hydrogen production and we are delighted to have entered into this collaboration agreement with CeraPhi.
With our subsidiary Hydrogen Ventures (H2V) which develops green hydrogen projects, we will have a constant supply of green power from geothermal facilities developed by CeraPhi.
CCV will also introduce this technology to other clients whom we currently advise to enhance their capability to access a mix of green power 24/7.
Within the ethos of CCV is embedded a strategic objective of introducing new technologies that enable a net zero economy and contribute to global climate change mitigation. The partnership we have created together strengthens this objective immeasurably. "
