Baltimore-based sHYp has developed an electrolyser that produces hydrogen from seawater or brine without requiring desalination or producing toxic waste. The startup company, launched in 2019, has now entered into a business-development agreement with Green Swan Partners, a venture builder in Pittsburgh, to commercialise the technology.
Under the terms of the agreement, the companies will explore markets, verticals, applications and geographies to deploy sHYp’s technology commercially. Once they identify opportunities, they plan to form a joint venture to commercialise the technology on a global scale.
“Green Swan Partners … [has] a unique business model that enables them to build new value for our technology in markets we may not or are not able to pursue alone,” said Carl Fischer, CEO of sHYp. “This is extremely attractive to a startup and should help us build, scale and grow faster than we could on our own.”
Because the sHYp electrolyser operates without a membrane, can be 3D printed, does not require that input water be purified, is designed for modular generation at the point of use and produces no harmful by-products that must be disposed of, the technology is expected to be relatively inexpensive and more environmentally friendly compared with conventional electrolysis.
The technology will have a variety of business applications. In addition to producing hydrogen, the electrolysers will be able to produce valuable co-products, such as magnesium hydroxide and silica, capture CO2 from sea water, treat ballast water and harness surplus electricity generated by wind, solar and wave farms.
sHYp is on track for a first commercial pilot in Q4 this year.