NGIF ACCELERATOR PROVIDES AN INDUSTRY GRANT FOR A NOVEL HYDROGEN STORAGE PROJECT

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NGIF ACCELERATOR PROVIDES AN INDUSTRY GRANT FOR A NOVEL HYDROGEN STORAGE PROJECT


August 27, 2024

BURNABY, BC (August 27, 2024): As part of its mission to advance clean technology solutions to the gas industry in Canada, NGIF Accelerator is excited to announce a grant of CDN $405,300 for the scale-up, certification, and demonstration of the Hydrogen in Motion (H2M) low-pressure, solid-state hydrogen storage project. The project aims to address the challenges of hydrogen storage and transport, a key element in the growth of the hydrogen economy.

A Global Cleantech Challenge finalist, H2M is set to transform hydrogen technology by using a patented nanomaterial that selectively attracts hydrogen at ambient temperatures and low pressures (50 bar). This development has the potential to significantly lower hydrogen storage costs which could help make it economically viable for a wider array of uses.

Through this funding, H2M aims to increase its production from 100 grams every six weeks to 10 kilograms per week, eventually developing a demonstration facility capable of producing 10,000 kilograms of hydrogen storage annually. H2M storage tanks are expected to lower capital and operating costs while opening new markets, from drones and portable devices to utility-scale energy storage.


The H2M team with their Industry Grants cheque from NGIF Accelerator

Image: The H2M team with their Industry Grants cheque from NGIF Accelerator


“Hydrogen in Motion is offering a hydrogen energy solution that has a positive economic and environmental impact and provides an infinite source of constant energy with no emissions, low-cost commitment and versatility with compact storage,” said John Adams, President and CEO of NGIF Accelerator. “Our Industry Grants program, which focuses on de-risking clean technologies through field trials and pilots, is part of NGIF’s integrated model of industry validation, customer creation, and technology commercialization.”

“This project not only holds the promise of making hydrogen storage more efficient, but it also enhances safety and accessibility across various sectors,” said Grace Quan, Chief Executive Officer, H2M. “With the support of NGIF Accelerator, we are taking significant steps towards making hydrogen a mainstream energy solution.”

“Canadians want and need the affordable, reliable, clean energy service offering they have come to expect from the natural gas industry. When we created NGIF, it was our vision to bring the entire natural gas value chain together to support cleantech development that enhances environmental and economic performance for the sector. I am glad to see our vision in action as NGIF continues to support technologies like H2M hydrogen storage technology,” said Timothy M. Egan, President and CEO, Canadian Gas Association and Chair, NGIF Capital Corporation.


Industry Grants’ Participants and Project Partners                      

ATCO logo - ATCO in black block letters over a thick yellow line.PNG Logo SaskEnergy Logo  Apex Utilities Logo  Shell Logo     CNRL Logo       PERPETUAL Energy Logo


About Industry Grants program
The Industry Grants program is industry-led and offers non-dilutive grants to fund early-stage startups for technology development and field demonstration. The program specifically de-risks pre-commercial technology solutions that have the potential to increase the environmental performance of the natural gas sectorEach project in the program will accelerate technology readiness level progressions through controlled pilot testing and field trials to advance commercialization.

About NGIF Accelerator
NGIF Accelerator is the not-for-profit arm of NGIF Capital and will operate all technology and innovation programs. The NGIF Accelerator mandate is to de-risk and accelerate technology development by supporting startups through their pilot projects, field trials, and industry validation. It will coordinate with federal and provincial governments to co-fund projects to advance market commercialization. NGIF Accelerator currently operates the Industry Grants program and administers the NGIF Emissions Testing Centre program.

About Hydrogen-in-Motion Inc. (H2M)
Hydrogen In Motion Inc. (H2M) is a Canadian corporation with headquarters in Vancouver and laboratories in Surrey, BC. H2M has developed an innovative nanomaterial that absorbs and releases hydrogen at ambient temperature and under low pressure. As hydrogen is a gas at room temperature, it is typically stored in heavy steel or high-pressure vessels or as a liquid at cryogenic temperatures (-253C). The H2M breakthrough in solid-state H2 storage provides a cost-effective means of storing and transporting hydrogen for fuel cell vehicle application and high-density energy storage. www.hydrogeninmotion.com

About Canadian Gas Association
The Canadian Gas Association (CGA) is the voice of Canada’s gas energy delivery industry, including natural gas, renewable natural gas (RNG), and hydrogen. Its members are distribution and transmission companies, equipment manufacturers, suppliers and other service providers. Today, natural gas meets almost 40 per cent of the country’s energy needs.


Fund Information:

John Adams
President and CEO, NGIF Accelerator 
President and CEO, NGIF Capital Corporation
(613)-748-0057
jadams@ngif.ca

Media Information:

Ayoola Ajibare
Communications Coordinator, NGIF Capital Corporation
(403)-389-2212
aajibare@ngif.ca

Industry Grants Program text surrounded by 15 participant logos (Birchcliff Energy Ltd.; Canadian Natural Resources Limited; Enbridge Gas Inc.; FortisBC Energy Inc.; Mitsubishi Corporation; Perpetual Energy Inc.; Pacific Northern Gas Ltd.; PETRONAS Energy Canada Ltd.; SaskEnergy Inc.; Shell Canada Energy; Tidewater Midstream and Infrastructure Ltd.; Tourmaline Oil Corp.; APEX Utilities Inc.; ARC Resources; ATCO Gas Ltd.; and ) and the Canadian Gas Association Logo with the NGIF Accelerator Logo under

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At NGIF, we invest in companies who are leading in the development of clean technologies for energy and who have the potential to demonstrate significant and quantifiable environmental and economic returns.

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