Organization Name:Neutral Energy Intelligence Technology (Shenzhen) Co., Ltd.

Project introduction:

Electrification, hydrogen power and de-oiling are the trends of world energy transformation, especially under a carbon-neutral background. Renewable hydrogen energy becomes possible as wind power and photovoltaic costs decrease. However, the problem of hydrogen storage and transportation has been a difficult problem for a long time, restricting the development of hydrogen energy and electrification. However, there is a feasible way to store and transport hydrogen energy. As hydrogen gas can be converted into a liquid with high hydrogen content, i.e. methanol, we can use methanol to store and transport hydrogen energy.

Methanol storage and transportation system has been mature in the world with complete control measures and can be compatible with the storage and transportation system of gasoline and diesel. Our goal is to expand the use of hydrogen energy from automobiles to distributed power generation, replace the sector of diesel engines in standby power supply and off-grid main power supply, and provide services in the fields of building power, industrial power and communication power. In this way, we can make the clients from using the hydrogen gas directly to using the energy produced by the hydrogen.

Compared with gasoline and diesel engines, hydrogen energy has significant advantages. At first, the system of hydrogen power generation has high energy conversion efficiency, which can reach 40.8% or even more. Secondly, due to the low cost of infrastructure construction and the low market price of methanol, the unit price of the system does not exceed CNY1.2/kW, which is half or even lower than that of gasoline and diesel, making it has significant advantages in the fields of peak-shaving and emergency generation. As it has become a bulk commodity, methanol storage and transportation has become a large-scale industry chain, so it is unnecessary to spend additional funds to build hydrogen compression systems or liquid hydrogen storage and transportation systems. Thirdly, methanol and water have better safety than hydrogen, while methanol has the equivalent safety grade as gasoline. Furthermore, considering the life cycle, the carbon emission of methanol power is 0.53kg/kWh, which is half of the gasoline (1.26 kg/kWh) and diesel (0.95 kg/kWh) and even lower than lithium battery (0.84 kg/kWh) and natural gas (0.72 kg/kWh).