TIB-TEC's initial and business development focus will be targeted at the power generation and heavy mobility applications such as trucks & ships. It is anticipated that the solution of TIB-TEC will expand across a wide range of industrial, mobility and domestic applications.
To realize commercial benefits from the commercialization of the Group's Technology for the Company's shareholders and to actively support society's existential combat of climate change.
TIB-TEC's vision is to become a significant enabler for the energy transition by implementing the Group's Technology in selected application areas, thereby accelerating decarbonizing of the global energy market. We believe that hydrogen isn't just the fuel of the future – it's the fuel of the present.
In many industries, the change to use green hydrogen, i.e. hydrogen from non-fossil sources, is the best solution for decarbonising the energy supply. The application of our Group's Technology therefore aims at making a substantial difference to lowering greenhouse gas emissions in the heavier polluting applications such as power generation and shipping.
With the Group's Technology, a so-called TIB-Device – so far only existing as a prototype, may be developed, which would enable a method that through the combination of electromagnetic, chemical, physical and thermodynamic effects in a unique way, splitting of water into oxygen (O2) and hydrogen (H2) on site is achieved. The process needs an adequate water supply along with much lower amounts of thermal energy than previously known methods of producing hydrogen. This method of hydrogen production would classify as green hydrogen given no additional greenhouse gas emissions are created.