A new joint venture between Element 1 Corp (e1) and China Aqueous Group (CAG) has been started up in Hong Kong to mass produce and commercialise hydrogen (H2) generators and fuel cell power systems for the Chinese market.
Named Aqueous Hydrogen Energy Limited (AHE), the venture will combine e1’s proprietary H2 generation technology and CAG’s H2 and fuel cell electrical generators to create power solutions for telecom base stations throughout China.
AHE will be headquartered in Hong Kong and will produce, market, and sell H2 generators under a royalty bearing technology licensing agreement with e1. Production will take place in both Hong Kong and mainland China.
The company estimates demand for AHE fuel cell power systems to be greater than 10,000 units annually within the next four to five years.
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