H2Gen
is a leading manufacturer of small scale hydrogen generation machines based on
steam methane reforming. H2Gen has unique efficient small scale machines with
low operating cost and a pay back time of about 3-4 years.
Chrysalix
take: Wal Van Lierop
1.
What is the insight that led to Chrysalix investing?
Chrysalix
invested in 2001 when it was anticipated that fuel cell cars would hit the
roads later in the decade. H2Gen would be an interesting infrastructure play
helping to roll out the hydrogen economy. Unfortunately that hasn’t happened,
but H2Gen’s excellent management team subsequently developed an attractive
revenue stream in the traditional industrial gas market. Today the company also
sells hydrogen clean up and purification equipment (PSA and MARS systems) and
they are developing small scale machines for gas-to-liquids applications which
will likely be very interesting for operators of small to medium size oil and
gas wells.
2.
What is the company’s biggest strength?
The
company has scaled down large industrial processes into a small footprint
allowing distributed hydrogen production and purification wherever the client
needs it.
3.
What is the implication of this company being successful?
Its
products help save costs for industries and companies all over the world in a
reliable way. Its gas-to-liquids program could help capture the massive volumes
of gas flared all over the world in medium and small size oil fields. No
solution exist for that today, while on a global basis we flare annually more
than the total energy consumption of France and Germany combined. That is an
enormous opportunity with a hugely positive environmental impact.
