Element 1 Corp (dba e1) and China Aqueous Group (CAG) have reached an agreement to form a Joint Venture (JV) company named Aqueous Hydrogen Energy Limited to mass produce and commercialize fuel cell power systems for the Chinese Telecom market, the companies said.
This venture will combine e1´s proprietary hydrogen generation technology, and CAG´s hydrogen and fuel cell electrical generators to create power solutions for telecom base stations located throughout China.
Aqueous Hydrogen Energy Limited (AHE) will be headquartered in Hong Kong and will produce, market, and sell hydrogen generators under a royalty bearing technology licensing agreement with e1. AHE will allow e1 to focus on advancing its existing best-of-breed hydrogen generation technology, while China Aqueous Group will leverage its hydrogen and fuel cell technology, manufacturing capability, as well as marketing and sales channels.
Production will take place in both Hong Kong and mainland China. China Aqueous Group and e1´s ownership stake in the newly formed AHE will be 70 percent and 30 percent respectively. With the strong alliance, AHE will develop new hydrogen and fuel cell technologies and products suitable for the China market, allowing more people to benefit from the innovations in hydrogen and fuel cell technologies.
Aqueous Hydrogen Energy Limited provides clean energy solutions for telecom and critical power applications. Fuel cell technology provides reliable, on-demand power for extended runtimes with zero emissions and reduced customer cost. Our mission is to bring forth the green energy era to the telecom industry.
Element 1 designs and develops novel processes to enable commercialization of clean-energy and alternative-energy technology. Through licensing our IP to strategic partners, our mission is to significantly reduce the waste and pollution associated with flaring natural gas, and to reduce barriers to adoption of fuel cells for a range of applications.