MISSION
HydrogeNXT will establish a network of affordable hydrogen refueling stations. These stations are standardized and scalable Steam Methane Reformers (SMRs) utilizing methane as feed stock for the production of hydrogen. Hydrogen is an alternative fuel source powering both consumer and commercial vehicles.
Unlike conventional vehicles which run on gasoline or diesel, Fuel Cell Electric Vehicles (FCEV) combine hydrogen and air to produce electricity, which runs an electric motor converting hydrogen gas into electricity produces only water as a byproduct, meaning FCEVs are Zero Emission and do not pollute the environment.
HXT'S HYDROGEN STATION DESIGN AND FEATURES
- First mass produced Hydrogen Station meeting rigorous industry standards
- Producing hydrogen onsite significantly reduces carbon footprint by eliminating need for transportation of the fuel
- Manufactured in an Underwriter Laboratories (UL) listed & certified facility
- Compliant with Society of Automotive Engineers (SAE) J2601 & J2799 standards
- California GFO-19-602 Compliant
- 1,000 kg per day Steam Methane Reformer (SMR)
- 1,200 kg Storage Solution
- Desulfurization Unit
- Pressure Swing Absorption
- Carbon Capture Solution
- Modular design (40’x16’x9.5’)
- Fire Suppression Unit
MARKET DEMAND
passenger cars
- Pushed worldwide by Government policies and consumer demand for environment-friendly cars, global auto manufacturers have already invested over $52 billion for Hydrogen FCEVs. Currently there are already over 34,000 hydrogen vehicles on the road in California.
- Just about all auto manufacturers committed to deploying over 3.3 million FCEVs in California by 2025, which results in a daily demand of 2.6million kg of Hydrogen.
- Toyota has estimated demand for hydrogen in California alone to be 6.5 million kg in 2021 and 68 million kg by 2031.
- The sale of retail passenger cars is heavily incentivized and subsidized, making it not only ecologically, but also economically attractive. Especially versus costly Battery Electric Vehicles.
Example: Toyota Mirai
3-year leasing: $15,000 ($350/mo)
• CA tax incentive: $4,500
• Federal Tax Incentive $7,500
• Free fuel, up to $15,000
= Free car!
*trucks and beyond
Trucks and Buses
Federal and State regulations also force commercial vehicles (incl. their own fleets) to mostly become emissions free in the coming years, be it for Class 8 Vehicles, panel trucks, buses, or any other transportation class.
As a result, fleet operators – such as FedEx, Amazon, and Budweiser, are already investing heavily in Emissions Free Vehicles.
Thanks to low weight and fast refueling, hydrogen is a particularly attractive technology for this sector. The Nikola trucks (NASDAQ: NKLA) are just one indicator of what is to come.
Additional Segments & Future Verticals, replacing gas and diesel everywhere:
- Construction, mining, and many more
- Material Handling, such as forklifts (which are already eligible for incentives)
- Stationary Power (back up and off grid), such as data centers and hospitals or cell and border patrol towers
- Marine, from boats to cargo ships to harbor equipment and general shore power
- Aviation, from airplanes to ground support equipment and general airport power
- Military, from tanks to transport vehicles to machinery
carbon reduction incentives
California
The California Zero Emission Vehicle (ZEV) regulation is designed to achieve California’s long-term emission reduction goals by requiring auto manufacturers to offer for sale specific numbers of the very cleanest cars available, such as hydrogen FCEVs.
CA Incentives:
HRI (Hydrogen Refueling Infrastructure)
Capacity Credits paid during the construction process once a hydrogen station has been permitted.
Credits are based purely on fuel production capacity, regardless of actual fuel sales.
Current value: ~$3.79 per kg of hydrogen.
LCFS (Low Carbon Fuel Standard)
Capacity Credits paid when hydrogen refueling station goes into operation process.
Credits are based purely on fuel production capacity, regardless of actual fuel sales.
Current value: ~$3.79 per kg of hydrogen.
The HRI/LCFS programs are applicable for hydrogen stations constructed/opened for business through the year 2025. LCFS credits are available for those qualifying stations for a total of 15 years from opening.
