As the world tries to wean away from fossil fuels there is an overwhelming thrust towards clean energy and by extension towards different forms of clean technology. Clean technology seeks to replace all environmentally harmful products with cleaner ones and is expected to grow strongly. Here is a look at four cleantech companies that may be worth tracking.
Clean Vision Corporation (OTC:CLNV) - The technology solutions company is involved in developing tech solutions meant for driving the worldwide clean economy. The company's centerpiece is Clean Seas, its fully owned subsidiary unit, which deploys the Plastic Conversion Network worldwide to convert millions of tons of plastic feedstock into environmentally friendly clean products.
It has been successful in creating a global presence in conversion plants and helped in developing the plastic circular economy. It has its subsidiary named Eco Cell, which is involved in manufacturing a hydrogen-based fuel cell.
On June 12, Clean Vision announced that Clean Seas had gone into a joint venture agreement with Rob & Melani Sustainability Solutions Service (WS3). WS3 is headquartered at Arizona State University and is affiliated with it. In the joint venture, the two entities would work on the development, design, and operation of a plastic waste conversion project. In the initial phase, the joint venture would work on setting up a 100 tons per day facility focussed on converting post-consumer plastic feedstock.
Clean Vision is one of the leading clean technology providers in the industry and its technology is proven over more than a decade. The technology meets EPA standards and emits no toxic waste or odors. Currently, Clean Vision is contracted on projects in India, Arizona, West Virginia, and Morocco with letters of intent signed in many other nations and states in the United States.
Gevo Inc (NASDAQ:GEVO) - The company is focused on converting carbon and renewable energy into energy-rich liquid hydrocarbons. The liquid hydrocarbons could be deployed to take care of drop-in transportation fuels like diesel fuel, gasoline, and jet fuel. When burned the hydrocarbons offer the potential to produce net zero greenhouse gas emissions. On July 24 the company was in focus after it announced that it had gone into a Master Services Agreement with a subsidiary unit of McDermott International Ltd.
The subsidiary would be involved in providing early planning and front-end engineering services to develop multiple sustainable aviation facilities from Gevo in North America. The New Zero 1 is going to be the first facility and it would be situated in Lake Preston, South Dakota. The plant is expected to produce a maximum of 65 million gallons of sustainable aviation fuel, renewable gasoline, and diesel.
Advent Technologies Holdings Inc (NASDAQ:ADN) - The company is involved in the development of fuel cells and hydrogen technology in Asia, Europe, and North America. Advent Technologies Holdings Inc is headquartered in Boston, Massachusetts, and has made notable progress this year.
In February, the company went into collaboration with Siemens Energy to develop a 50 kW to 500 kW maritime fuel cell meant for super yachts. In March, it announced the establishment of its new manufacturing and research and development plant in Hood Park, Boston. In the same month, the company went into a Joint Development Agreement with Hyundai Motor Company for developing High-Temperature Proton Exchange Membrane.
In May, the company signed a Memorandum of Understanding with the auxiliary power systems and turbojet engines leader Safran Power Units. The project would leverage the company's proprietary Pair™ Membrane Electrode Assembly with the aerospace expertise of Safran to accelerate the development of high-temperature proton exchange membrane ("HT-PEM") fuel cell technology aimed at the aerospace sector.
SunHydrogen Inc (OTCMKTS:HYSR) - The company is best known for developing breakthrough technologies to produce renewable hydrogen with sunlight and water. The company works on technologies to store, synthesize and deploy green hydrogen. The market is expected to be worth as much as $12 trillion by 2050 as per estimates from Goldman Sachs.
The company's patented SunHydrogen Panel technology is being developed currently. It uses sunlight and water from any source to synthesize green hydrogen at a low cost. On July 11 SunHydrogen Inc announced that it had inked a Memorandum of Understanding with COTEC.
As per the agreement, the two companies would work on the optimization and development of industrial electroplating solutions meant for the company's semiconductor deposition. Semiconductor deposition is a major part of the nanoparticle technology of SunHydrogen.
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