Element 1 and Nexa Captial partner for aviation

Element 1 Corporation has agreed with Nexa Capital Partners LLC to accelerate the adoption of its methanol-to-hydrogen generators for fuel cell applications in aerospace and particularly electric vertical aircraft (EVA).

Both parties are combining their expertise, along with Nexa’s capital market access, to speed up the introduction and commercialisation of fuel cells for hydrogen-powered flight.

Element 1’s methanol-to-hydrogen generator can apply to hydrogen refueling stations (HRS), as well as onboard hydrogen generators (trucks, trains, marine vessels, and soon aircraft).

Dave Edlund, President, and CEO of Element 1, said, “Most hydrogen today is generated at large-scale production facilities, delivered and stored as a liquified or compressed gas. Element 1 design hydrogen generators that significantly reduce the cost profile of delivered hydrogen.”

Michael Dyment, the Managing Partner of NEXA, added, “Hydrogen-powered electric systems are about to change aviation the same way the jet engine revolutionised air travel 70 years ago.”

Recently, Element 1 has licensed proprietary L-Series hydrogen generator technology to Kaizen Clean Energy (developer of distributed hydrogen generation).  Under the license agreement terms, KCE has been granted rights to manufacture and deploy L-Series hydrogen generators for distributed Battery Electric Vehicle (EV) charging, hydrogen production for hydrogen Fuel Cell Electric Vehicles (FCEVs), and standby power generation in the United States.