We got lots of questions over the weekend about the latest Microcap Insider teaser pitch, so that’s how your friendly neighborhood Gumshie is starting his week… Alex Koyfman’s ad about the “oil killer” starts out like so…
“A Little-Known Fuel Is Set to Revolutionize the Energy Sector in the Coming Years — This has NOTHING to do with Batteries, Hydrogen, or Nuclear Fusion”
And it leads off with a patent for “producing ammonia from air and water,” which is the basic promise — ammonia (NH3) is mostly a fertilizer, so producing it more cheaply or efficiently is always welcome, but the pitch here is for using ammonia as a fuel.
That idea is not brand new, ammonia has been proven to work as a fuel in both internal combustion engines and in fuel cells, and chemical methods for producing ammonia have been around for more than 100 years, but fixing nitrogen from the atmosphere to create ammonia is a fairly energy-intensive process, and there’s been a meaningful push for creating “green ammonia” in recent years, both from “reverse fuel cells” and from just replacing the energy input for “brute force” conversion of ammonia (using solar power, for example, instead of other energy to create the pressure required to make the old Haber-Bosch process work).
And that’s what Koyfman is teasing today, some little Canadian company that has a machine and a technology for generating ammonia… and which therefore could slit itself in as a “green” business that generates ammonia in modular machines, where it is needed (for farms, for refueling stations, for clean energy storage, etc.) Is this just the latest iteration of a dream we’ve seen touted before (like this story about portable ammonia factories a decade ago?), or is this the real breakthrough that will make a leap forward possible?
Here’s some of the pitch…
“This disruptive invention was developed in cooperation with the University of Ontario, and one sub-$1 Toronto-based company is behind it all.
“Right now, it’s preparing this revolutionary technology’s full-scale product launch.
“As soon as it’s released I expect it to almost instantly disrupt nearly every aspect of the $5 trillion global energy market.
“Because this technology could unlock an unlimited supply of cheap zero-emission fuel.”
And apparently ammonia is pretty impressive as a fuel…
“… this is a universal fuel. It can be used for everything.
“It can power your car…
“Propel cruise ships…
“And thrust aircraft.
“These are not hypothetical examples. This has been happening for years.”
And then, of course, we get to the “one tiny company” bit of the pitch…
“A New Energy Hierarchy Has Emerged and This Fuel Is the Undisputed King
“As I said, the science behind this fuel is NOT new.
“Chemists have known how to produce it for over 100 years. Half of the world’s population would not be alive today if it wasn’t for this discovery.
“The problem was they couldn’t figure out how to produce it on the mass scale required to fulfill our energy needs.
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just click here...“That’s what this Canadian company’s invention is about. It puts this Nobel Prize-winning discovery within reach of the mass market.
“I’ve been investigating this company since it was reserved for insiders as an exclusive private placement.
“Recently, this opportunity opened up to everyday Americans.”
So that’s the spiel, a secret stock, a new process for creating ammonia, a little Canadian company, and riches await… so what’s the stock?
We do get a few specific clues, beyond the partially obscured patent image they share…
“As of this publication, the stock was trading at a barely $15 million market cap.”
OK, so we can be pretty sure that’s not true anymore — even just recommending a $15 million penny stock to a midsize newsletter will usually cause the price to go bonkers, teasing it out to thousands of other folks, some of whom will subscribe and/or sleuth out the answer and want to buy it, quite often leads to a really big pop.
More of the clues are in the intro to this specific company’s story:
“Why don’t we run our cars, airplanes, and ships on ammonia already?
“Well, unfortunately, the Haber-Bosch process, aside from helping to create the modern world, is also quite dirty and expensive.
“It requires enormous amounts of heat, pressure, and fossil fuels — such as coal, oil, or natural gas — to make NH3 in chemical plants….
“Creating NH3 this way consumes so much energy that it’s simply not economically feasible to use it as a mass-consumption fuel.
“When compared with the abundance of cheap, easy-to-refine oil in the ground, ammonia as fuel just didn’t make sense.
“And that’s the way things have been for more than a century right up until a few months ago…
“Because one inventor from a small town in Ontario found a way to produce NH3 without using any fossil fuels at all.
“His machine generates it from nothing but air and water.”
Well, air, water and some kind of catalyst, one assumes, whether that’s brute force energy or something else. Nitrogen molecules (N2) don’t split themselves and reform with hydrogen, they need a push.
Other hints?
“This invention has caught the attention of the highest levels of government and business…
“Canadian Prime Minister Justin Trudeau…
“Former Ontario Environmental Commissioner Gord Miller…
“And Shark Tank’s Kevin O’Leary all have praised this upgrade.
“Its inventor traveled to Saudi Arabia to meet a Saudi prince wishing to jumpstart the ammonia revolution in the kingdom.”
And some clues about the inventor…
“Before Roger started working on his invention, he spent his career as a CEO. His company produced pharmaceutical ingredients for sale around the world. One of them was ammonia.
“With decades of experience in the ammonia market, Roger realized its potential as an alternative fuel.
“It took him almost nine years before he had an active prototype. But today, he’s driving a converted Ford F-350 that runs on NH3 he’s generating in his garage.”
The ad describes the “early prototype” and even shows a photo, and talks about how this machine pulls in air (for nitrogen) and water (for hydrogen) and combines them “in a cyclinder” to make ammonia….
“A pilot system built and housed at the University of Ontario, Institute of Technology is currently producing over 500 liters of NH3 per day. That’s more than 50 times the amount of ammonia made by earlier versions of this machine.”
And yes, it’s more than air and water…
“As you might have guessed, this whole process requires electricity. But as strange as it may sound, that’s exactly what makes this opportunity so exciting… “
Which is the energy storage aspect of this story… if you can use electricity from green sources (solar, wind, etc.) to create ammonia, then what you’re effectively doing is storing that potential energy in the form of the chemical bonds of NH3, and that can be burned to release the energy, in an engine or a power plant, converting it back to electricity.
That’s true of hydrogen gas, too, by the way, and we certainly hear a lot about hydrogen’s potential as a greener fuel. Hydrogen can be created using electrolysis (using electricity to split water into hydrogen and oxygen), with hydrogen then available as a fuel either for burning or for fuel cells — I have no idea what the different efficiency levels of these storage techniques might be, or the relative appeal of those two fuels for different purposes.
Koyfman has some other exciting potential to pitch, including the idea that this system might be a beneficiary of clean energy tax credits, just like the electric vehicle makers. But the part we’re interested in is the immediacy, of course — lots of little R&D projects are in development, they often sound impressive and get featured in science magazines, what investors usually want to know is whether they’re actually going to create a product that can be sold, and when.
Here’s how he describes the timeline:
“After extensive experimentation, the Phase I system first produced NH3 in 2009.
“In 2012, the Phase II pilot system at the University of New Brunswick was completed and operational.
“The Phase III pilot system, built and housed at the University of Ontario, Institute of Technology, was completed in late 2019. It was more than 50 times as effective as Phase II.
“And right now, this company is finalizing Phase IV to further improve system efficiency while lowering capital and operating costs.
“This is expected to be the last step toward a full-scale product launch. When this happens, investors will rush into this stock in droves.”
And the 11,300% bit? That’s just some spitballing based on “what if this became 1% as big as Chevron,” which sounds like a small and achievable goal but is, of course, completely hypothetical…
“Even if it were to capture just one-tenth of 1% of this market through its disruptive innovation, that would still amount to control of a $1.5 billion per year revenue stream.
“That would make this tiny, young company about one-one-hundredth of the size of Chevron, which corresponds to a market capitalization of about $1.7 billion.
“That’s 113 times the size of the company today… meaning that even by the most conservative estimates, early investors could stand to make over 10,000% gains in the coming years.”
So what’s our little Canadian company? Well, that patent that Koyfman partially shows is from 2011, number US2011/0243828A1 … and yes, the patent was granted to inventor Roger Gordon, and the company that he formed to try to commercialize it (including some private fundraising, which it sounds like maybe Koyfman participated in last year) was Green NH3, whose website shows that same working prototype used in the teaser ad (along with Roger Gordon’s ammonia-powered pickup truck).
But Green NH3 isn’t a public company, so we’ve got another step to take to ID this investment — they entered into a letter of intent to be acquired by EEStor Corp last summer, with EEStor being the former Zenn Motors, a failed electric car company headed by Ian Clifford, and then a few weeks ago EEStor changed its name to FuelPositive with the ticker NHHH on the Venture exchange in Canada (so if you’re interested in researching, it’s NHHH.V in Canada or ZNNMF OTC in the US).
FuelPositive just raised one million dollars in a private placement about two weeks ago (at 10 cents, with a full warrant included with each share), and they had previously done a private placement at five cents a share in January to raise just $200,000, so that gives you some idea of how tiny the company is. The impact of Koyfman’s attention has been massive already, in just a few days that has driven the shares from about 13 cents to 26 cents (US).
From what I can tell, the deal to acquire Green NH3 has not yet gone through, but they’re still working on it. This is an excerpt from the MD&A from Fuel Positive’s (then EESTor’s) annual report filing with SEDAR…
“On August 6, 2020, the Company announced it has entered into a letter of intent, pursuant to which it proposes to acquire all of the outstanding share capital of Green NH3 Inc. (“GREEN NH3”). Based in Georgetown, Ontario, Canada, GREEN NH3 is a private company involved in research, development and commercialization of zero-emission NH3 fuel, generated from its patented and scalable process.
“Proposed terms of the Acquisition
“Subject to customary due diligence, negotiation of definitive documentation, board and regulatory
approvals, in consideration for all of the outstanding share capital of GREEN NH3, the shareholders of GREEN NH3 are entitled to receive common shares of EEStor which will represent 25% of the outstanding share capital of EEStor as of August 6, 2020. EEStor anticipates issuing approximately 48,300,000 common shares to the shareholders of GREEN NH3. Following completion of the acquisition, GREEN NH3 will continue as a wholly owned subsidiary of EEStor. Additional
performance related shares will be available to GREEN NH3 shareholders once key performance
intellectual property milestones are met….“On December 31, 2020, the Company announced that the licensing and acquisition of GREEN
NH3’s patented technology continues to progress, and technical due diligence for this stage has now been completed.”
I have seen nothing from Green NH3 or from Fuel Positive about the potential timeline for the next phase of the prototype for Green HN3’s machines. If you add the latest private fundraising and the shares to be given to Green NH3 shareholders, then you end up with another 58 million shares to add to the count for Fuel Positive, for a total of about 230 million shares, so that means the pro forma market cap is creeping up… from about $15 million a month ago to about $60 million today. Still a very, very small company. And, of course, one that has never had any meaningful revenue in any of its previous guises (Zenn Motors, EEStor, or Green NH3 or the other small companies EEStor acquired over the years).
So in practical terms, the question is first whether the deal goes through to acquire Green NH3… and then, if it does, whether you want to own Green NH3 as part of this little green energy venture. It’s a great idea for daydreaming, and I won’t try to talk you out of wagering on it as a very high-risk speculation, but just be aware that using ammonia for fuel, whether to burn or in fuel cells, is not at all a new idea… and that there are a lot of companies aiming to refine the current processes for creating ammonia and/or using ammonia as an energy feedstock. I have no idea whether distributed NH3 production using small machines like Green NH3’s will be the future (or, indeed, if their patented technology is the best or only way to do that), or whether larger installations that create vast tank farms of ammonia as a more easily transported feedstock for the hydrogen economy will end up being the norm, or whether it will be something completely different.
So that’s the idea being pitched by Alex Kofyman, and it is a very, very early stage company, and very speculative. I have no idea whether or not it will amount to anything over the next 5-10 years, but over the next few months the stock will mostly move up or down based on whether it gets some “green” attention from somebody else to pile on, and there’s not really any predicting that — penny stock investors are just as irrational as the rest of us, and they do love a story. If you want to apply some rational financial assessment to this project (not that this often means much for penny stocks), do note that the deal Green NH3 made to sell itself was made when EEStor was trading at about five cents a share, so on the face it of it seems like the Green NH3 folks thought it was reasonable to sell control of their technology for about $2 million. Maybe they thought it was worthwhile to join with Ian Clifford for promotional reasons, or just didn’t want to take the next step by themselves so joining as 20% owners of a different company was an easier path to commercialization, maybe they just like the science and the green goals and want someone else to worry about building a commercial product… I don’t know. When they were last raising money as a private company it was with the goal of establishing three pilot projects in the field, probably at other university installations or farms (who could use the nitrogen generated directly as fertilizer), and there’s been no public commentary about that moving forward that I’ve seen.
Go forth, dear readers, and researchify on this one to your heart’s content — it’s a cool idea, it seems to work, it’s not particularly well-known (since the deal isn’t complete, FuelPositive doesn’t even have information about it on their website), and maybe eventually it will become scalable. Right now, it’s a R&D project with a prototype, and is about to be purchased (they expect) by a company that itself is tiny and speculative. The shares will presumably be very jumpy, given the attention from Koyfman’s pitch and perhaps from other green energy enthusiasts in the future, but I should note that most penny stocks that double from a little newsletter attention do give back those gains in the months that follow, especially if that attention dries up. If I were excited about this technology and convinced enough to buy shares (I’m not, yet), I’d try to buy half of a speculative position and set it aside for a few years, and maybe, if the Green NH3 deal does go through and I’m still convinced of the merit and the progress they’re likely to make, make it a full position if the stock comes back down from this recent surge. The market is so speculation-happy these days that pretty much anything could happen, but for now it will be happening without me.
That’s just my quick reaction after spending a few hours poking around this morning, though, and your opinion might differ — have any insight into Green NH3 or its potential (or competition) in the ammonia or hydrogen economy? Like dabbling in these kinds of penny stocks? Prefer to avoid penny stocks and set your hundred dollar bills on fire the old fashioned way, by lighting your cigars? Do let us know with a comment below…
I’d sure rather be around gasoline than ammonia. So far its best use is for fertilizer (to grow more corn to make ethanol?) . Even the ammonia in household cleaning products can damage you lungs and/or kill you. The sooner we get off this carbon dioxide as a pollutant the better.
Can you imagine? A simple car accident can disable or even kill a dozen people just driving by, depending on the size of the fuel tank. No thanks. The hazmat placard was changed from skull and bones to a nice green and white tank because farmers didn’t want people to see the dangerous chemicals being sprayed on their food. (Not to say it’s bad in the way it’s currently used.) Look up anhydrous ammonia accidents on YouTube.
I agree Carl. Ammonia was the original refrigerant (before Freon), and it was extremely dangerous. No thank you. I don’t want it in my car or around my house! Now if they just want to promote it as a greener way to make fertilizer, I don’t have a big problem with that! Not as sexy of a sell though.
Thank you very much for reviewing this! Particularly enjoyed this read and the information revealed behind the company and opportunity.
I learned over the years that urine, and particularly human urine, turns into ammonia.
Any comment on that?
I researched early this morning and came to the same conclusion that FuelPositive formerly EE, is being teased here. In the process I came across Starfire Energy of Aurora CO (https://www.starfireenergy.com/) who are working to the same end with a highly similar system but still in startup. Don’t know enough of the specifics of either system to speculate on patent infringements but Ammonia Cracker of Germany and Siemens among others are also venturing into this. Yara is the big player apparently. Either way, at this mornings .034 price I couldn’t help but nibble some on NHHH.V, even if it is a tech that’s been in the making a couple years with a couple decades to go. Those 100 trucks in the field will hopefully move things along.
Just wished I would have waited for you to wake up :p
I ran across a lot of companies working on one end or the other of the ammonia/energy angle, don’t have any sense of whether the patent or technique of Green NH3 is particularly meaningful or not.
Does it have anything to do with the company called “BioSolar”
Nope. Though they are one of many folks trying to make better/faster/cheaper electrolyzer technology, so similar theme (use renewable energy to split water into hydrogen and oxygen, thereby storing that potential energy in the form of hydrogen).
If this story sounds familiar, it’s because it is very similar to the Trevor Milton’s, Nikola/ hydrogen house of cards .
It did buy Trevor a beautiful ranch in Utah though !
ALEX,
The major issue with Roger Gordon’s invention is simply the cost of H2 via electrolysis and Balance Of Plant (BOP) for conversion of 3H2 + N2 –> 2NH3. His patents are a good read, but what has he truly invented?
Match Document Document Title
1 US20170037521 PROCESS FOR THE PRODUCTION OF AMMONIA FROM AIR AND WATER
The present disclosure relates to a simple one-pot process for the production of ammonia. The process involves electrolysis of air and water using a molten or concentrated aqueous hydroxide…
2 8778293 Production of ammonia from air and water
A process for producing ammonia from air and water comprises producing nitrogen gas from air by pressure-swing-adsorption; producing hydrogen gas by electrolysis of water; compressing the nitrogen…
3 US20110243828 PRODUCTION OF AMMONIA FROM AIR AND WATER
A process for producing ammonia from air and water comprises producing nitrogen gas from air by pressure-swing-adsorption; producing hydrogen gas by electrolysis of water; compressing the nitrogen…
Plasma Electrolysis is showing upwards of 8.1 to 249 times more H2 per unit of electricity consumed vs standard electrolysis. This is the future for Green H2. Likewise, the major problem with combusting Ammonia is chemical NOx. You just can’t get around it.
Likewise, our HiTemper Plasma Electrolysis has proven results for producing H2 120. I have a great slide deck if you are interested.
Sincerely,
Todd L. Foret
Foret Plasma Labs, LLC aka PlasmaWhirl
Todd@plasmawhirl.com
cell: 337-298-8870
Well, sounds like you know the science a lot better than I do — thanks for chiming in.
Many studies show that 100% combustion of NH3 has been achieved relatively easily for example,
see http://www.sciencedaily.com/releases/2018/04/180427100256.htm and RC Rocha · 2019.
As for dangers of ammonia as cited by others on this page I think inhaling petrol (called gas in North America) for any longer than 10 seconds must be fairly toxic. I can’t see the problem of ubiquitous use of ammonia as fuel much more problematic than using expensive dirty fossil fuels.
Yes, Alex Koyfman did indeed invest in this company. He was a bit defensive in trying to explain why he was recommending (in his Microcap Insider service) a company in which he had invested at a much, much lower price, like (CAN) $0.03. He justified it by claiming that he had to undertake the “relative risk” of his investment going “just as easily” to $0.01. He waited on his recommendation until the transaction with NH3 “was successful” and the name change from EEStor to FuelPositive was announced. He noted that his shares are locked up until March, and he has no plans to sell “any time soon,” and claimed that “if all goes according to plan,” those investing now will still enjoy gains that will make the current share price “look like peanuts.”
I have been in and out of a lot of various newsletters over the past 15-16 years, and don’t recall this situation ever before. Seems to edge close to the “pump and dump” schemes of lore, but at least Alex did openly acknowledge his investment. His “service” had a particularly terrible record for the last year or two when it was called “Penny Stock Millionaire,” but seems to be doing better since he changed the name to “Microcap Insider” early last year. (Same story most everywhere: newsletter achieves very poor results, so let’s change the name and try to do better and pretend the past never happened.) I did in fact invest a very small amount in FuelPositive sorta “just for the hell of it.”
Thanks for the feedback. Lots of folks scouting for speculative story stocks did really well over the past year, I expect, it’s been a wild year for speculations — hope it works out well for you in the future. When I think back on pitches I’ve covered from him in the past, the worst was probably Crop Infrastructure (CRXPF) and the best so far has been Exro Technologies (EXROF).
Not sure there is a term for this kind of speculation. “Macro-Spec”, “Speculation Squared”, “Lottery-Spec”?
NHHH.V or ZNNMF? Is there any difference which symbol to consider?
One is the actual listing in Canada, the other is the OTC listing in the US. Generally best to trade in the hone country when you can, since that’s usually where the liquidity is better… liquidity doesn’t matter that much when you buy, if you’re a small investor and can be patient, but it can matter a lot when you sell, particularly if a lot of people want to sell at once. The fair price should be in Canada, so make sure to do your currency conversion before assessing the US-traded OTC symbol’s price.
Ammonia is very toxic. I don’t know about using it as a fuel. The potential for people dying from leaks or car accidents. I have the same reservation about using hydrogen as a fuel for vehicles. Could make accidents a lot more explosive.
Some 50 years ago, I seem to recall some Russian inventor had the exclusive patents for making submarine fuel out of ammonia and salt water. It was to be a world game changer. All he needed was an influential person here to convince some American Company to buy it. You would think the Russians themselves would’ve jumped all over it.
Alex,
Decarbonization vs Starvation is our new slide deck. It focuses on future Ammonia production via plasma electrolysis as compared and contrasted to standard electrolysis and its use as a fuel vs fertilizer. You really need to read up on current ammonia production. It starts with SMR (steam methane reforming) or POX (Partial Oxidation). Hence, the starting feedstock is natural gas. Current SMR H2 production (including CAPEX) runs between $1.50 to $2.00 per kg. That does not include carbon capture. When large ammonia plants begin capturing the CO2, then the price for ammonia will go up dramatically.
Current electrolysis H2 production costs run between $5-$7. So Green Ammonia cannot compete with Gray Ammonia. Haim Israel of Bank of America (BofA) has great definitions for Gray, Blue and Green H2.
https://www.bofaml.com/en-us/content/esg-research/green-hydrogen-market-importance.html
Roger Gordon’s “garage” Green Ammonia unit featuring a PSA separator and an extreme pressure Haber Bosch reactor will be cost prohibitive for most home owners. But let’s get back to reality; Decarbonization vs Starvation. Not a single farmer in the US will want to increase production costs with Green Ammonia. But if forced to use Green ammonia and then passing the costs along the food-chain to consumers, well as we say in Cajun Country Louisiana “that’s a dog that will not hunt.” So in the instant we go down the decarbonization route for Ammonia, it must compete with current Gray H2 Ammonia production costs. Hence, my companies path is using revolutionary technologies such as Plasma Electrolysis for decarbonization. Search my name with plasma. That should give you an indication of our patent portfolio > 120 patents worldwide. If the Roger Gordon’s of the world keep promoting technologies that makes evolutionary steps we will never get to Zero Carbon 2050. With evolutionary steps we want need ammonia for fuel because people will be spending all their money on food or if you live in Texas – electricity and water!
The NH3 website states the machine costs $10,000 and produces 500 liters NH3 per day. If this is true it doesn’t sound prohibitively expensive if a $10,000 machine can produce Some 180,000 liters of NH3 per year. Just saying.
Travis, you mentioned half a speculative position and a full one. How do you measure these?
For me, a speculative position is one that I wouldn’t fret about losing entirely — so probably a maximum of 0.5-1% of my portfolio. It’s a personal call, for sure.
I think of penny stock speculations as being similar to out of the money call options, probably will lose it all, but they’re interesting and keep the heart rate up.
i am a retited electrical eginer but started as a phisicist and had to study chemistry but I was not aware tht NH3 could be usea as a fuel only as fertiliser.
The basic idea is a method of storing energy, nothing more, nothing less.
Do not be fooled, none create energy. The basic sources of energy have not changed, We have the Sun, nuclear, and residual heat in the planet, end of story. Fossil fuels are just stored solar energy, very convenient, but limited.
Every process we go through to store this energy causes a loss of energy, entropy is the killer. so the least number of steps the better.
The storage of electrical energy and the its direct use is probably the way forward and not some multi – stage chemical process, and dangerous storage.
I don’t think I will invest in this one!
Energy Storage,
Ken is absolutely correct – it is all about energy storage – but more importantly in a future carbon constrained world it will be about process intensification. Simply put process intensification is combining 2 or more steps into one step or shrinking the reactor or increasing Transmitted Power Density.
When people begin discussing energy storage I always chuckle. Why? Utilities fought to not make electric hot water heaters more efficient because it was a way to dump (shed) power. By far the the best energy storage for electrons is heating water. With resistance heating you are 100% efficient. So let’s go backwards and not insulate hot water heater so that we can shed power?
Li ion batteries are the worse storage medium. The energy density for hydrogen is exponentially greater than batteries. However, the best way to look at this is Reliable Net Power Density. I created a formula based upon Generation Power Density, Transmitted Power Density and Reliable Power.
The winner = SMR (Small Medium Nuclear Power Reactors ) Generation Power Density x Plasma TPD
It is measured in watts/cm2
GPD = land area covered by the power plant such as solar, offshore wind, land wind, batteries, hydro, gas turbine (h2 fired), nuclear power and plasma fusion. Note: Batteries are in the generation category.
TPD = Electric Power Research Institute Graph for natural gas, ir, induction, electrolysis/resistance, plasma, electron beam, and lasers measured as energy transmitted in watts/cm2
NPD = GPD x TPD
Reliable Net Power Density = NPD x %uptime
And nuclear power reliability(.92) x nuke power GPD(.5) x plasma TPD(100,000) = 46,000 W/cm2
Not if but when Plasma Fusion becomes a reality everything else falls off the cliff. The GPD for Plasma Fusion dwarfs all other sources. The key issue of course is Power Conversion. And if any of you have been following the Power-to-X move, the -to- or conversion process is the most important part of the equation. Because it is the converter or process for converting electrons to a product x, whether that is syngas, green plastics, green hydrogen, green ammonia, pumped water, compressed air, etc. and the big question is “can you make money via the conversion process without breaking the bank?” So the key is shrinking the “converter” via process intensification so that everybody can afford it, whether a garage size converter or industrial size converter.
It tried to cut and paste several graphs into this comment but it didn’t work. If you want the presentation I can send it to anyone. Just send me an email and I will send it via wetransfer.
Todd@plasmawhirl.com
High pressure ammonia is used in reefer systems … including the space station! I’ll wait till I see it as a beginning industry for use in cars etc. it can also double as ‘quick coffee’!
Nice write up. This was one of the easiest promos to discover on my own. Few clicks and there was Green NH3. (FuelPositive) Put it on the watch list but not much movement since. Mostly red. Idea is good but seems only practical for large solar and wind power storage , where something is desperately needed asap. Ammonia seems the most practical solution, then power can be added to the grid as needed. Large scale ammonia storage is already being done so not much change needed. Not buying now but will continue watching the technology. I plan on getting home solar but will stay with batteries for now.
Always appreciate your bringing to us the very latest, Gumshoe!
NNNMF bought Green NH3 and changed their name to Fuel Positive Corp. They are still the battery tech company formerly known as EESTOR, ZENN but the new name reflects the renewable energy technology they now have.
Sources say the deal is not done.
If you need more info contact the company at greennh3.com
Green NH3 was not acquired by FuelPositive. It seems that Roger Gordon, the inventor of the ammonia-from-the-air technology, was left completely empty-handed. Instead, FuelPositive has concluded only an agreement with Dr. Dincer and his team from the Ontario Tech University, who have been developing this technology (cf. cf. https://eestorcorp.com/2021/01/20/eestor-corporation-provides-update-on-ongoing-transactions/ ).