Welcome to Weekend Markets, and in this week’s video podcast BizTech Academy and Zaks Traders Café open to the floor to Tim Blake from Hydrogen Future Industries (LSE: HFI) who explains how hydrogen is going to revolutionise the mining industry… Enjoy!
https://youtu.be/mkMdw2xYqf0?si=z5Mrig7Z7C_c39XL
- Introduction: The video features Tim Blake, CEO of HFI Energy, discussing how hydrogen will revolutionize the mining industry.
- Hydrogen Future Industries (HFI): HFI focuses on investing in hydrogen technology, particularly green hydrogen generation from wind. They have developed unique IP around a ducted wind turbine that produces three times the energy of a normal wind turbine of the same diameter.
- Collaborations and Partnerships: HFI has been working with the University of Bristol, EDF, the UK Atomic Energy Authority, and Ureno on a hydrogen storage solution that is not pressurized and is safe for use in mining environments.
- Mining Industry Focus: The primary goal of HFI is to turn the wastewater from mining processes into green hydrogen, which can then be used to power the mine and produce pure water.
- Development Stage: The technology is under development, with each component working and the next stage being scaling up. HFI has raised additional funds for this purpose.
- Efficient Electrolyzer: HFI has developed its own electrolyzer that is 97% efficient and does not use platinum group metals, making it cost-effective.
- Potential for Mining Industry: The technology aims to replace diesel consumption in mining, which accounts for a significant portion of energy use in the industry. It could potentially eliminate the need for diesel generators and fuel for heavy equipment.
- Future Revenue Generation: HFI is about 12 months away from generating revenue, with interest in licenses expected before then.
- Challenges and Opportunities: Despite the potential of the technology, HFI has faced challenges in implementation due to various unforeseen circumstances. However, the company is optimistic about the future and the impact its technology can have on the mining industry and beyond.
- Closing Remarks: The video concludes with a discussion on the current state of the market and other related topics, highlighting the potential of HFI’s technology in transforming energy consumption in the mining industry. PREM and COPL are highlighted covering news announcements this week.
Hydrogen Future Industries: https://hydrogenfutureindustries.com/
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