Collaboration Between Hydra Energy And Chemtrade

Hydra Energy declares a first-of-its-kind strategic alliance with Chemtrade to aid in accelerating the application of hydrogen in long-haul transportation.

FREMONT, CA: Hydra Energy has lately announced a first-of-its-kind strategic alliance with Chemtrade to support and accelerate the application of hydrogen in long-haul transportation.

The long-term contract, which includes Hydra capturing, cleaning, and compressing hydrogen, is a pillar of Hydra's Hydrogen-as-a-Service (HaaS) business model. Both companies would primarily focus on one of Chemtrade's plants in British Columbia, with the chance of expanding across the region.

Green hydrogen is accessible at a fixed price for commercial truck fleet operators with Hydra-converted semi-trucks, which is 5% less than the cost of gasoline. Using hydrogen-injection technology and fuel source, multi-year pilots demonstrated the potential to minimize greenhouse gas (GHG) emissions by up to 40% while keeping truck efficiency and range. Natural gas distributors can also employ green hydrogen to fulfill renewable material requirements.

The capacity of Hydra to assign stranded hydrogen assets to fleet operators, who can employ it to decrease fuel costs and achieve emission objectives, gives new opportunities for chemical manufacturers.

The company's special HaaS model assists commercial fleets in reducing costs and emissions with minimal risk and no upfront investment. The company installs present semi-trucks with hydrogen-diesel co-combustion conversion kits. In addition, it provides fueling facilities for green hydrogen sourced from chemical producers like Chemtrade at no cost to the fleet owners.

"Hydra allows a rapid and affordable transition to cleaner trucking by turning one's waste into another's a valuable resource. As per a report by Navius Research, Hydras model can be expanded to power tens of thousands of trucks and decrease emissions up to six megatons per year in Canada alone," said Jessica Verhagen, COO of Hydra Energy.

"That compares to the equal amount of greenhouse gas discounts the Canadian government forecasts for electric vehicle adoption by 2030."

"Beyond the environmental influence, we've learned from trucking operators that they generally only achieve 2-5% operating edges with fuel costs coming in at half of the fleet operating expenses," underlines David Batstone, Hydra Energy board associate and managing director of Just Business, an influence fund out of Silicon Valley.

"This portray an opportunity for a more economical approach made likely by a strategic partnership like the one we've just announced with Chemtrade. Consequently, we offer the most cost-effective procedure for chemical manufacturers to turn an often-wasted asset into something of value while returning hydrogen at below-diesel rates for those commercial truck fleets set to go green now."