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Anglo American Platinum announces launch of Hydrogenious Technologies’ first commercial hydrogen storage system and plans to enter the U.S. market

05 May, 2016

Hydrogenious Technologies to partner with United Hydrogen Group (UHG) to enter the U.S. market

One of Anglo American Platinum’s investments, Hydrogenious Technologies, a German hydrogen storage startup, has launched its first commercial hydrogen storage and logistics system using the innovative Liquid Organic Hydrogen Carrier (LOHC) technology.

The system features various new technologies, including a Polymer Electrolyte Membrane (PEM) electrolyzer that generates hydrogen using solar power and a Hydrogenious ‘StorageBOX’ that uses LOHC technology to enable storage without any losses for extended periods of time. With the first demonstration of the LOHC technology on a commercial scale, Hydrogenious Technologies proves its technology leadership in the area of hydrogen storage. This achievement has recently been recognized with Hydrogenious Technologies having been awarded with the prestigious German Industry Innovation Award.

Hydrogenious Technologies’ manufacturing plant in Erlangen, Germany, was formally inaugurated at an event attended by key government and business officials in the country including Mrs. Ilse Aigner (Bavarian State Minister of Economic Affairs and Media, Energy and Technology), Prof. Joachim Hornegger (President of FAU Erlangen-Nuremberg), Dr. Katharina Beumelburg (CEO Siemens Hydrogen Solutions) and Mr. Frank Sreball (CEO H2 Mobility).

The investment in Hydrogenious Technologies forms part of Anglo American Platinum’s commitment to support early stage technologies and innovative industrial applications that use or enable the use of platinum group metals. Anglo American Platinum invested in Hydrogenious Technologies’ first financing round in 2014. The developments announced today demonstrate the progress they have made in furthering product development and commercialisation.

Andrew Hinkly, Executive Head of Marketing at Anglo American Platinum, a shareholder in Hydrogenious Technology, said, “We are hugely proud of what Hydrogenious Technologies have been able to achieve in what has been a rather short space of time. The inauguration laid the pathway for the first commercial deliveries and a growing order book.”

Hydrogenious Technologies recently signed a deal with United Hydrogen Group (UHG), a hydrogen distribution company based in the United States, to supply two LOHC systems, one StorageBOX and one ReleaseBOX. The technology will increase delivery ranges and decrease the operating costs of hydrogen logistics for UHG. Further, the agreement enables Hydrogenious Technologies to enter the U.S. market, which represents over 50% of the global hydrogen market, and will catalyse the rollout of hydrogen refuelling infrastructure for Fuel Cell Electric Vehicles (FCEVs.)

Daniel Teichmann, CEO of Hydrogenious Technologies, said, “The United States is the world’s largest market for merchant hydrogen. As the transportation distances are so long, hydrogen logistics companies incur significant costs for hydrogen transportation. Hydrogenious’ safe and efficient LOHC technology turns even long-distance hydrogen transport into profitable business. We are looking forward to the joint roll-out of our technology together with United Hydrogen Group.”

For further information, please contact:

Investors Media
Emma Chapman Mpumi Sithole
Head of Investor Relations Media Manager
Tel: +27 (0)11 373 6239 Tel: +27 (0)11 373 6246
Email: [email protected] Email: [email protected]

About Anglo American Platinum

Anglo American Platinum Limited is a member of the Anglo American plc Group and is the world’s leading primary producer of platinum group metals. The company is listed on the Johannesburg Securities Exchange (JSE). Its mining, smelting and refining operations are based in South Africa. Elsewhere in the world, the Group owns Unki Platinum Mine. Anglo American Platinum has a number of joint ventures with several historically disadvantaged South African consortia as part of its commitment to the transformation of the mining industry. Anglo American Platinum is committed to the highest standards of safety and continues to make meaningful and sustainable difference in the development of the communities around its operations.

www.angloamericanplatinum.com

Anglo American is a globally diversified mining business. Our portfolio of world-class competitive mining operations and undeveloped resources provides the raw materials to meet the growing consumer-driven demands of the world’s developed and maturing economies. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products – from diamonds (through De Beers) to platinum and other precious metals and copper – to our customers around the world.

As a responsible miner, we are the custodians of those precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate – creating sustainable value and making a real difference.

www.angloamerican.com

About Hydrogenious Technologies

Hydrogenious Technologies is a pioneer and global industry leader in the field of hydrogen storage in Liquid Organic Hydrogen Carrier (LOHC) materials. The company is a spin-off of Friedrich-Alexander-University Erlangen–Nuremberg and the Bavarian Hydrogen Center and is headquartered in Erlangen, Germany. Hydrogenious Technologies was founded by CEO Dr. Daniel Teichmann and Professors Peter Wasserscheid, Wolfgang Arlt and Eberhard Schlücker. Together with their research teams at Friedrich-Alexander-University of Erlangen-Nuremberg, they developed and optimized the breakthrough technology. Hydrogenious Technologies has won several awards for its business concept over the years, amongst them the ‘German Industry Innovation Award’ and the ‘Bavarian Founder Award’.

Hydrogenious Technologies builds and develops containerized hydrogen storage and release systems based on the LOHC technology. The patented technology enables safe and efficient storage of hydrogen in an easily transportable oil, thus eliminating the need for pressurized hydrogen tanks. The LOHC material used by Hydrogenious Technologies is nontoxic, hardly flammable and not explosive.

Conventional fuel infrastructure can be used for transport and storage of hydrogen in LOHC - a breakthrough towards a sustainable hydrogen economy.