Hydrexia is developing hydrogen storage systems based on proprietary magnesium hydrides. The first market to be commercialised is the industrial hydrogen storage market. Hydrexia is developing prototypes that will address storage requirements in this market that range from 10-150kg with a buffer store of modular capacity of 10-60kg making up the first product line. These products would replace traditional pressurised gas systems (either pallets of manifolded cylinders, or tube trailers) and demonstrate advantages such as improved safety & handling, smaller footprint and better matching of customer usage needs. The total industrial hydrogen storage market (served by pallets, tube and tanker trailers) is estimated at USD200-500 million per annum.
Hydrexia has come up with a compelling product concept over the last 12 months for which there is an existing market – the industrial H2 buffer store. The company also has the ‘real option’ of attacking the H2 storage needs if fuel-cell powered transport becomes reality.
Awards & recognition:
- Asia Pacific Company of the Year 2013: In November 2013, Hydrexia was named the Asia Pacific Company of the Year 2013 at the Cleantech Group’s Global Cleantech 100 Awards. Hydrexia is developing new devices for storing and transporting hydrogen gas which are safer and cheaper than current compressed gas solutions.
- Queensland’s Engineering Excellence Award 2012: In September 2012, UQ-spin-out Hydrexia Pty Ltd won a High Commendation in the Research and Development category at the Engineers Australia Queensland Engineering Excellence Awards. Hydrexia’s award was based on the design, build and test of Hydrexia’s prototype hydrogen gas storage device built in 2010.