Whereas the above overview shows future potential application sectors, it should be noted that so far in the pre-development phase the design focus has been directed on the use of the TIB-Device and the Group’s Technology in combination with an internal combustion engine (fossil-fueled or hydrogen-fueled), i.e. the power generation and the mobility application market. Considering the existing number of (engine) manufacturers and the thousands of engines that are in operation, this market promises to be readily accessible as well as attractive from a commercial point of view.

Other solutions, e.g., for the process industries, are considered to be promising as well. According to various recent publications it is known that both owners and operators of such plants as are also already working on innovations aiming to improve such processes, which confirms that such “heavy industries” are willing and able to invest in low-emission (hydrogen) solutions.

In its roadmap “NetZero by 2050”, the IEA concluded that the investment volume would need the annual investment volume necessary for the expansion of the global electrolysis capacity with 250GW between 2021 and 2030 an annual amount of USD 4 billion (2021) to increase 21x to USD 84 billion (2030).

These amounts, pledged on real projects, include the investments in industrial projects.

Future Licensing Model

Based on expert market analysis as well as several expressions of interest from potential clients and/or partner companies, the Board of Directors of TIB-TEC concluded that the establishment of own production and sales facilities would require too much capital, with the time required potentially becoming another risk factor due to regulators reducing or even closing down the production and acceptance of combustion engines.