GRS Hydrogen Solutions, Bringing Forward a Green Future

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Privately held GRS Hydrogen Solutions has announced its intention to go public in 2022.  According to Charles Gregor, of Goldman Sachs, who is “heading up the Investor relations team’s for GRS,” this Canadian-based renewable energy company is planned to list on the Toronto Stock Exchange (TSX), 

If GRS and Charles Gregor can bring this company public via a successful IPO in 2022, it will result in a great step forward in the use of hydrogen as a fuel for electrical generation, transportation, and industry. 

Hydrogen is the Clean Stepping Stone Away From Fossil Fuels

Hydrogen is a very versatile energy source.  There are methods to produce hydrogen, and in either its gas or liquid form, hydrogen can be used as a fuel or converted into electricity.  It is estimated that each year around 10 million metric tons of hydrogen are produced in the U.S. and up to 100 million tons globally, mainly for use in oil refining, steel manufacture, chemical and fertilizer production, and food processing.

Hydrogen is the the universe’s most abundant element, making up approximately 90% of all atoms, but hydrogen atoms don’t exist in nature by themselves.  They need to be decoupled from the other elements they are bound to in compounds like water, plants, and fossil fuels.  The chosen decoupling process determines its sustainability.  

Decoupling processes that use fossil fuels like methane result in “Gray Hydrogen” because they produce lots of C02.  However, if the CO2 produced to create Grey Hydrogen is captured and then stored for use elsewhere, the hydrogen is called “Blue Hydrogen.” 

The electrolysis of water can also produce hydrogen with oxygen as its only byproduct.  If the electricity used for the electrolysis process is from a renewable power source such as solar or wind, this is pollutant-free “Green Hydrogen.”  GRS Hydrogen Solutions GL-15 technology can produce Green Hydrogen, and other GRS systems can help companies still profit from their legacy fossil fuel systems, making them cleaner and more profitable through recapture. 

The Need for Green Hydrogen

Experts agree that Green Hydrogen will be required to meet the Paris Climate Agreement’s goals because specific segments of our economy’s emissions are tough to eliminate.  The U.S’s top three greenhouse gas producers are transportation, electricity generation, and industry.  

While there are ways to reduce/eliminate much of these three sector’s emissions by way of efficiency, electrification, and renewable power, approximately 15% of the sector’s emissions are from aviation, shipping, long haul trucking, and concrete/steel manufacture, which are problems that can not so easily be solved.  GRS Hydrogen Solutions has already designed stations meant for hydrogen fuel filling that will serve the needs of aviation, shipping, and trucking, as they are shifted to hydrogen as their primary fuel.  

Because hydrogen is not only abundant but nearly limitless, it can be used where it is produced or can be transported, and it has several benefits over batteries that are unable to store significant quantities of electricity for long periods.  Hydrogen is an essential building block of a sustainable future and the reason that GRS Hydrogen Solutions is pursuing hydrogen.  Hydrogen can be produced from renewable energy, and pound for pound contains nearly three times the energy of fossil fuels, requiring less weight to do the same work.

Transportation industries will eventually require the use of fuel cells.  Current fuel cell technology is bulky but will be an important storage source of electricity for all types of use down to small electronic devices.  Unline batteries fuel cells do not run down as long as there is hydrogen available to refuel them.  The GRS Hydrogen Solutions stations will also be perfect resources to ensure that users have the hydrogen needed to run smaller and more beneficial fuel cells.

Hydrogen is the choice for powering fuel cell vehicles because of its high energy efficiency.  A fuel cell powered with hydrogen makes use of 60% of the energy in hydrogen, and is between 200 and 300% more efficient than a traditional internal combustion engine fueled by gasoline.  Unlike current electric cars, a fuel cell requires less than four minutes to refuel, and like the burning of hydrogen as a fuel itself, the only byproduct of a fuel cell is water.

A unique advantage of Green Hydrogen is that wherever there is water and electricity, hydrogen can be generated for other uses.  This is where GRS Hydrogen Solution’s GL-15 system comes into play.  The IPO will likely take into account the success of the world’s first hydrogen marina that GRS is building on Rum Cay Island in the Bahamas.  This first-of-a-kind marina will provide all the fuel needs for the remote island community with a high-end resort that has a goal of being 100% emission-free.  GRS Hydrogen Solutions IPO will also be good for moving the Green Hydrogen industry forward.  This is an industry that is at a tipping point.  A McKinsey study puts an estimate that the U.S. hydrogen economy could support 700,000 jobs and generate $140 billion by 2030.