Under the terms of the agreement, GH Power has agreed, subject to the agreement’s conditions, to supply CEE/Hone with up to 1 tpd of hydrogen from its Hamilton facility for use in CEE/Hone’s distributed low-carbon energy applications. The agreement contemplates intermittent hydrogen availability during an initial period, with Hone taking delivery on a best-efforts basis following notice from GH Power. Hydrogen supplied under the agreement is subject to its stated specifications, with further purity limitations to be agreed. The initial term expires two years after commercial operations commence at the Hamilton facility, subject to earlier termination. In addition, GH Power plans to scale up the Hamilton facility to meet growing demand for its products.
The agreement represents GH Power’s first executed commercial hydrogen offtake. It provides a contracted revenue stream against the full production of the Company’s planned hydrogen output at Hamilton and, in the company’s view, validates the specification of the hydrogen produced by its proprietary aluminum-water reactor platform.
“This agreement is a critical commercial milestone for GH Power,” said Dave White, Chief Executive Officer of GH Power. “Change Energy is a serious counterparty in the North American hydrogen market, and their willingness to contract for multi-year supply from our Hamilton facility reflects the quality and consistency of the hydrogen our reactor platform produces. It also underscores an important point about our technology: we generate commercial hydrogen and high-value materials from the same reactor, with no combustion and no carbon emissions.”
