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Highlights
- DiagnaMed partners with TerraVent to advance low-cost, carbon-zero hydrogen production.
- The alliance combines innovative hydrogen extraction methods with TerraVent’s electromagnetic thermal tools.
- Hydrogen production costs are projected to meet the U.S. Department of Energy’s $1/kg hydrogen goal by 2031.
DiagnaMed Holdings Corp. (CSE:DMED), a leader in providing technology solutions for the cleantech and life sciences industries, is thrilled to announce a strategic collaboration with TerraVent Environmental Inc. (“TerraVent”). This partnership aims to revolutionize hydrogen production by integrating two cutting-edge technologies with TerraVent’s proprietary Heatwave® electromagnetic thermal tools. The collaboration targets producing low-cost, carbon-zero hydrogen by leveraging both petroleum reservoirs and geologic hydrogen-producing geologies, aligning with global efforts to combat climate change and reduce greenhouse gas emissions.
A Game-Changing Hydrogen Production Approach
DiagnaMed’s partnership with TerraVent marks a significant step in the development and commercialization of breakthrough hydrogen production technologies. The collaboration includes two innovative technologies that promise to dramatically reduce hydrogen production costs while minimizing environmental impact.
The first technology, developed by Dr. Qingwang Yuan of the HOPE Group at Texas Tech University, combines hydraulic fracturing with electromagnetic heating to efficiently extract hydrogen from light oil, gas, and shale reservoirs. This groundbreaking method takes advantage of existing infrastructure, such as the 25,000 active oil and gas fields worldwide, and the 2-3 million abandoned wells in the U.S. As these wells can be repurposed to produce hydrogen, this technology can be deployed much faster than traditional methods still in development. With production costs as low as $0.86 per kilogram of hydrogen, this process aligns with the U.S. Department of Energy’s “Hydrogen Shot” initiative, aiming to reach $1 per kilogram by 2031.
The second technology, developed by TerraVent, focuses on stimulating the natural hydrogen generation process found in geologic formations using small amounts of zero-carbon electromagnetic heat. Known as “White Hydrogen” or “Geologic Hydrogen,” this technique enhances the natural hydrogen production from geological sources, unlocking the potential of previously underutilized sites. The expected production costs for geologic hydrogen are anticipated to be lower than those from hydrocarbon reservoirs, positioning this technology as an even more cost-effective option.
Expanding DiagnaMed’s Role in Clean Hydrogen
This collaboration builds upon DiagnaMed’s recent partnership with Québec Innovative Materials Corp. (CSE: QIMC, FSE: 7FJ, OTCQB: QIMCF) to implement hydrogen extraction technologies at QIMC’s St-Bruno-de-Guigues Hydrogen Project. Results from the project have exceeded expectations, with hydrogen concentrations reaching 7119 parts per million (ppm). These early successes in geologic hydrogen production demonstrate the feasibility of these technologies and solidify DiagnaMed’s leadership in the clean energy sector.
Fabio Chianelli, Chairman and CEO of DiagnaMed, commented, “Partnering with TerraVent is a pivotal step in our mission to drive innovation in clean hydrogen production. By combining our proprietary hydrogen extraction technology with TerraVent’s geologic hydrogen stimulation process, we are uniquely positioned to deliver cost-effective, carbon-neutral hydrogen solutions that meet the growing global demand for sustainable energy.”
