Aberdeen Investee, AES-100 Inc., Reports Technical Viability of Hydrogen Extraction From Natural Gas Pipelines Using the Advanced Electrolyzer System Technology
09 September 2021 - 9:00PM
Aberdeen International Inc. (“
Aberdeen” or the
“
Company”) (TSX: AAB) (F: A8H) (OTC: AABVF) is
pleased to announce that the team at AES-100 Inc.
(“
AES-100”), a 41.67% subsidiary of the Company,
have now demonstrated results in the new and critical area of
hydrogen recovery from natural gas pipelines for the Advanced
Electrolyzer System (“
AES”). AES was developed by
Pinakin Patel and his team, who have been recipients of significant
Federal grant awards for their innovative hydrogen research and
development activities.
Across the United States and Europe, the ability
to store, transport and extract hydrogen from existing natural gas
pipeline infrastructure would mean substantial progress towards the
hydrogen supply availability needed for clean and green electric
vehicles at a fraction of the potential capital expenditure.
AES-100’s technology provides a modular, scalable, low-cost
solution to extract hydrogen safely and efficiently leveraging
existing natural gas infrastructure.
The AES-100 team notes that bench testing over a
period of 5,000 hours has shown that the efficient extraction of
hydrogen stored in natural gas pipelines is technically viable with
AES' systems. AES-100 is now scaling up testing to demonstrate
performance expectations similar to pipeline applications
globally.
AES is one of the first cost-effective solutions
to recover hydrogen for commercial usage, as currently a great deal
of hydrogen is being wasted as a dilute contaminant rather than an
extremely value energy source. This is a critical part of the
solution to many major problems facing governments, municipalities
and various industries. In many jurisdictions globally, solar and
wind power generation during peak periods can lead to excess
electricity requiring a “curtailment” of production, which is an
inefficient and expensive means of managing grid supply and demand
balance. The State of California is an example jurisdiction that is
actively looking for ways to manage excess energy through various
means of storage.
“Recovering hydrogen for reuse is a potentially
multi-billion dollar market,” said Mr. Patel. AES’ solution focuses
on the “low hanging fruit”, as the AES technology can help enable
the storage and extraction of excess energy for use during non-peak
periods.
The value proposition offered by the AES
technology is its ability to extract hydrogen at the point of use,
thus eliminating the hydrogen transportation costs and associated
safety issues. The technology provides a means of economic hydrogen
extraction (and the associated green energy that would have
otherwise been curtailed) for higher value use in any number of
markets and industries where natural gas pipelines exist.
ABOUT ABERDEEN INTERNATIONAL
INC.
Aberdeen International is a global resource
investment company and merchant bank focused on small
capitalization companies in the rare metals and renewable energy
sectors. AES-100, an Aberdeen portfolio investment, owns the
exclusive rights and all intellectual property pertaining to the
AES technology for the production of hydrogen from dilute
syngas.
For additional information, please visit our
website at www.aberdeen.green
For further information, please contact:
Chris Younger Chief Executive Officer Aberdeen
International Inc. Chris.Younger@Aberdeen.green (416) 861-1685
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding AES-100 and the AES technology;
the renewable energies sector; investment portfolio of the Company
and the Company’s future plans. Forward-looking information is
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking information,
including risks inherent in the mining industry, the adoption of
green energy policies, the rollout of hydrogen infrastructure, the
efficacy and cost-effectiveness of the AES technology and risks
described in the public disclosure of the Company which is
available under the profile of the Company on SEDAR at
www.sedar.com and on the Company's website at www.aberdeen.green/.
Although the Company has attempted to identify important factors
that could cause actual results to differ materially from those
contained in forward-looking information, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
Aberdeen (TSX:AAB)
Historical Stock Chart
From Nov 2024 to Dec 2024
Aberdeen (TSX:AAB)
Historical Stock Chart
From Dec 2023 to Dec 2024