Critical Assets Will Speed Sustainable Innovations’ Entry to Fast Growing Hydrogen Recycling Market
PRLog - March 31, 2015 - EAST HARTFORD, Conn. -- Sustainable Innovations, a world leader in electrochemical hydrogen separation and compression technology, today announced that it has acquired key assets of H2Pump LLC, a company that specialized in the recovery and reuse of industrial waste hydrogen, to become the leading provider of industrial hydrogen recycling systems.
The purchase of the H2Pump assets accelerates Sustainable Innovations’ ability to introduce a hydrogen recycling product to the growing industrial hydrogen supply market. “The combination of H2Pump’s system design with our core hydrogen separation and compression technology will provide customers with a highly efficient and effective alternative to the high delivery cost of hydrogen for processes such as stainless steel annealing, sintering of powdered metals, ore reduction, and manufacture of microelectronics,” said Trent M. Molter, Ph.D., President and CEO of Sustainable Innovations. “The acquisition is also expected to result in greater efficiencies and significantly increase our future market share,” added Dr. Molter.
Sustainable Innovations will leverage H2Pump’s systems integration and field experience in concert with its own designs and innovative technology solutions to provide a highly reliable hydrogen recycling solution to its customers. “The integration of the technology of both companies will take place over the next 12 months and result in an industrial hydrogen separation product with outstanding performance to meet exacting standards. Our customers require high purity and reliable hydrogen supply, and expect seamless integration of hydrogen recycling with their manufacturing processes. Our products are designed to deliver increased economic benefit to our customers by optimizing process and energy efficiency with breakthrough performance,” Dr. Molter explained.
About Sustainable Innovations: Sustainable Innovations (SI) is fueled by a vision to create a paradigm shift in the way the world uses energy. Led by its founder, Dr. Trent Molter, SI represents over three decades of innovation in the waste and energy industry. From hydrogen recycling systems to grid scale energy storage, SI develops and manufactures innovative technology based on a proprietary, low-cost, large format electrochemical platform that transforms waste gases and power into higher value products. With sustainability as our imperative, SI products enable breakthrough efficiency, which is just smart business.
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Sustainable Innovations Successfully Completes Acquisition of Assets of Only Competitor, H2Pump LLC
March 31, 2015 at 12:34 PM EDT
