HPQ Silicon Inc. (“HPQ”), a leading technology company specializing in green engineering for silica and silicon-based materials, is excited to announce a significant step forward in the commercialization of Novacium SAS’s groundbreaking hydrogen production system. In a strategic move, HPQ and Novacium SAS have signed a three-party Memorandum of Understanding (MOU) with LN INNOV’ SAS, a prominent French networking company headquartered in Toulouse, France.
LN INNOV’ boasts a robust presence across various sectors, with a particularly strong footprint in Defense. Leveraging its extensive network, LN INNOV’ is determined to facilitate access to pioneering energy projects like Novacium’s high-pressure hydrogen production system. Their mission is clear: connect key industry players and fast-track innovative projects from the development phase to commercial viability.
France’s ambitious goal of becoming a global leader in green hydrogen, a critical element in achieving carbon neutrality by 2050, aligns perfectly with Novacium’s eco-friendly hydrogen production system. Mrs. Nathalie MAZEAU, CEO of LN INNOV’, emphasized the importance of this partnership in contributing to France’s sustainability objectives. She stated, “LN INNOV’ is committed to democratizing this technology by simplifying its use and logistics, essential components for its success.”
The primary objective of this three-party agreement is to tap into LN INNOV’s expertise and introduce Novacium’s revolutionary hydrogen production system, which employs hydrolysis (as outlined in the September 7, 2023, press release), to French defense industry firms.
LN INNOV’ has already arranged for Novacium to showcase its innovative hydrogen solution at the upcoming Energy Working Group (EWG) meeting of the “Groupement des Industries Françaises de Défense et de Sécurité Terrestre et Aéroterrestre” (GICAT), scheduled for the final week of September 2023.
Mr. Bernard Tourillon, President and CEO of NOVACIUM SAS and HPQ Silicon Inc., emphasized the potential of Novacium’s hydrogen production system in revolutionizing hydrogen production, simplifying processes, ensuring safety, and minimizing transportation needs. He expressed his optimism about future collaborations with manufacturers, heralding the MOU as a pivotal moment. Signed on May 15, 2023, the agreement designates LN INNOV’ as the exclusive French representative for a 1kW version of the hydrogen system.
This three-party MOU serves as a significant milestone in the journey toward a more sustainable and energy-efficient future, highlighting the critical role that innovative technologies play in achieving these goals.
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https://www.globenewswire.com/news-release/2023/09/26/2749358/0/en/Signature-of-a-Three-Party-MOU-on-the-Commercialization-of-Novacium-s-Hydrogen-Production-System.html#:~:text=The%20MOU%2C%20signed%20on%20May,version%20of%20the%20hydrogen%20system.&text=Novacium%20is%20green%20technology%20startup,France%20started%20in%20Q3%202022
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