Eternal Power focuses on achieving global mass production of green hydrogen at competitive prices to accelerate industrial decarbonization. The company develops and operates dedicated renewable energy production to secure the primary cost factor for electrolysis. They convert green hydrogen into derivatives like green ammonia and methanol for efficient worldwide sales and transport.
Funding
$2.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many industries, including aviation, shipping, steel, and chemicals, struggle to reduce their carbon emissions due to the high costs and scalability challenges associated with producing green hydrogen. Traditional methods of hydrogen production often rely on fossil fuels, exacerbating the problem of decarbonization.
Solution
Eternal Power specializes in the global mass production of green hydrogen through water electrolysis, utilizing renewable energy sources to achieve competitive pricing. By securing optimal sites with abundant renewable energy and developing its own green energy production facilities, Eternal Power aims to significantly reduce the cost of green hydrogen production. The resulting green hydrogen is converted into derivatives like green ammonia, green methanol, and synthetic fuels for easier long-haul shipping and distribution to customers worldwide. This approach enables the decarbonization of industries that are difficult to abate, offering a sustainable alternative to traditional, carbon-intensive processes.
Target Audience
Eternal Power's primary customers are companies in hard-to-abate sectors such as steel, chemicals, shipping, and aviation seeking to decarbonize their operations.
Features
- Global site scouting for locations with abundant renewable energy resources and existing infrastructure
- Development and operation of proprietary green energy production facilities
- Production of green hydrogen through water electrolysis
- Conversion of green hydrogen into derivatives such as green ammonia and green methanol for efficient transport
- Sales and logistics network for distributing green hydrogen derivatives to customers worldwide