PV3 TECHNOLOGIES SECURES FUNDING FOR NEW GREEN HYDROGEN PROJECTS
PV3 Technologies has secured funding from Aerospace Cornwall to help support new research and development projects in green hydrogen.
Using the funding, PV3 will develop next generation coatings for PEM water electrolysers, a key component used in the green technology. The coatings mean that PV3 is able to reduce the cost of hydrogen production by increasing both energy efficiency and lifetime of the electrolyser; which enable water to be split into oxygen and green hydrogen – without the production of carbon dioxide.
This funding builds on previous Aerospace Cornwall support, with which PV3 developed coatings for advanced fuels used in unmanned aerial vehicles.
PV3 chief executive Dr David Hodgson said: "The EU’s hydrogen strategy lays out the potential for nearly 50 GW of green hydrogen capacity by 2030, and we need to support our customers by matching their demand and innovating to further reduce the overall cost of the technology.
"This project lays the foundations for our next generation coating product, with a significant cost reduction over current coatings. We already have the manufacturing capacity to produce coatings for 2GW of electrolyser capacity per year, but with product and production innovation we can increase that significantly."
Gail Eastaugh, programme director at Aerospace Cornwall, added: "There is a huge opportunity in green hydrogen. The UK is already in the race with a big project happening in the Humber but it’s amazing for Cornwall to be part of this with local funding for a local company like PV3.
"PV3 is just one of many businesses we are working with at the moment, in and around Cornwall. We’re urging technology companies to come forward and have a chat with our team."