Investor Presentaiton
Update: Technology Developments
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Upon signing an Agreement with the Japanese conglomerate TDK,
the second largest manufacturer of electronics and lithium
batteries in the world, who is supporting the establishment of a
unique and innovative R&D project that aims to synthesize green
ammonia from only sun, air and water, GenCell announced in Q1
2022 a breakthrough in the project upon meeting the requirements
of the project's first milestone.
The innovative green ammonia production process will allow direct
synthesis of green ammonia from water at low temperature and
pressure relative to other common ammonia production
processes.
After evaluating the progress, TDK elected to exercise its right to
continue to invest in the project in accordance with the terms of
the Agreement, so as to continue to develop the project towards
the next milestone.
This innovative technology will also enable energy storage and
ammonia availability for traditional applications in industry and
agriculture, a market estimated to reach some $100 billion dollars
per year.
TDK
"GenCell has abundant knowhow, and its
professional R&D team has the experience
in alkaline fuel cell development which puts
GenCell in a very strong position to
succeed with its green ammonia
synthesis."
Mr Shigeki Satou, Senior VP and CTO, TDK
Group
GREEN
NH3
AMMONIA
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GENCELL 2022View entire presentation