United H2 Limited Group Update May 2024 

United H2 Limited (“UHL” or “the Company”), has taken strong strides forward in its dual strategy to deliver liquidity via a planned listing, while also focusing on enhancing shareholder value by growing its Group of 30-plus hydrogen projects & companies.
The dual strategy’s short-term focus is initially shareholder liquidity, then its medium focus is to build the overall Group to ensure UHL experiences sustainable growth in the long term.
The companies in the UHL Group have also delivered strong operational milestones, including:
  • Australian Federal Government makes $24b green energy superpower bet with $8b funding to back Hydrogen as the Fuel of the Future.
  • Pure Biochar is in the process of securing sites for a planned network of production facilities.
  • Industry-leading hydrogen injection tech secures first revenues.
  • H2X Global highlights safety features.
  • Alpha H2 completes third-party testing of its hydrogen injection system.
See below for a detailed update. 

Australian Federal Government makes $24b green energy superpower bet with $8b funding to back Hydrogen as the Fuel of the Future

Hydrogen has emerged as the leading contender to spearhead Australia’s transition to a carbon-free economy, following the announcement of a new $6.7b Australian tax-credit subsidy and additional programs which are estimated to cost the Federal Government $8b.
Key budget highlights:
  • The Australian Government will pay hydrogen developers $2 per kilo of green H2 over a ten-year period, starting from 2027 totalling $6.7b in funding.
  • $1.3b has been added to the Hydrogen Headstart programme for renewable hydrogen projects over ten years which will bridge the green premium for early-mover renewable hydrogen projects.
  • $17.1m has been set aside to implement Australia’s National Hydrogen Strategy.
  • $15.4m for “foundational activities to support the development of green metals production”.
  • A separate budget document also states that a further $1.7b will be set aside for the “Future Made in Australia Innovation Fund”.
  • $10m has been set aside in 2025-26 to establish a National Hydrogen Technology Skills Training Centre, in partnership with the Victoria state government.
As Australia’s only hydrogen conglomerate, with 30-plus projects and companies, UHL is excited to see the Australian Government support this rapidly emerging sector.
We believe this is a critical moment for the hydrogen industry, as it delivers the funding and backing required to become the leading green energy solution.

Pure Biochar is in the process of securing sites for a planned network of production facilities

An image of the pyrolysis technology Pure Biochar will use.
Pure Biochar is currently focused on securing 5 to 6 sites across Australia to build a network of biochar production facilities.
The Company has conducted testing of the biomass for its first site in the Hunter Valley, NSW, and is aiming to move towards constructing the plant later this year.
The Company’s strategy involves building the biochar production facilities on the same site as the biomass supply.
Pure Biochar will leverage its early-mover advantage to establish a strong market share in the biochar sector forecasted to reach US$6.3bn by 2031, while also focusing on getting access to the US$851bn carbon credit market.
The modular pyrolysis units the Company plans to use will generate $5m-plus in revenue from carbon credits, biochar sales and other by-products.
Pure Biochar plans to target high-value industries, including the steel/iron, agriculture, and construction sectors.

Industry-leading hydrogen injection tech secures first revenues

H2i Technology has seen a significant increase in demand since successfully completing independent testing of its hydrogen enhancement system which has the proprietary software to manage the injection of hydrogen into a diesel engine to reduce emissions and fuel costs.
The results have shown that H2i Technology’s system has the potential to deliver industry-leading results in fuel, NOx, CO2, and smoke opacity reduction when attached to a diesel engine.
Independent Test Results on a 220kw Generator:
  • Fuel savings of 24.5-27.1%.
  • Exhaust NOx reduction of 29.8-31.2%.
  • Opacity reduction of 41.5-44.5%.
  • CO2 reduction of 19.4%.
The testing was conducted by a master mechanic under commercial conditions and continuous operation and measured against Automotive Industry Standards.
Research by Gordon Capital also shows there are 20 million diesel generators globally that are suitable for H2i Technology’s system, while its disruptive pricing mode delivers a 12-18 month payback period on fuel savings per unit.

H2X Global Highlights Safety Features

Unlike petrol, which risks flammability and accumulation beneath vehicles, hydrogen’s lighter-than-air nature allows for safe dispersal into the atmosphere in the unlikely event of a leak.
H2X’s hydrogen tanks are crafted from carbon fibre at twice the industry standard for bulletproof cars. This extra carbon enhances our tanks’ structural integrity and opens the door to some read-worthy testing possibilities.
Toyota and the United States Army Tank Automotive Research, Development and Engineering Center (TARDEC) have researched the resilience of Type IV, 700 bar hydrogen tanks (like those designed by H2X) against external threats.
These tests included the rigorous External Violence Safety Test on the tanks’ ability to withstand diverse levels of ballistic impact while still ensuring a controlled release of hydrogen.
These tests included the rigorous External Violence Safety Test on the tanks’ ability to withstand diverse levels of ballistic impact while still ensuring a controlled release of hydrogen.
Bob Carter, Toyota’s SVP for Automotive Operations, emphasised the tanks’ resilience in his speech to the Automotive News World Congress, highlighting their ability to withstand small and large calibre bullets.
Similarly, TARDEC’s ballistic live fire tests underscored the tanks’ durability, with only armour-piercing rounds penetrating the Hydrogen Tank, leading to controlled venting without catastrophic failure.
And just when you thought the crescendo was complete, TARDEC elevated the stakes by firing a Rocket Propelled Grenade at a Type IV Hydrogen Tank. Upon impact, the hydrogen tank was found to be penetrated by the RPG and vent swiftly.
However, even under such extreme conditions, the hydrogen tank displayed remarkable resilience, remaining otherwise intact, with limited shrapnel, and avoiding catastrophic bursting.

Alpha H2 completes third-party testing of its hydrogen injection system

Alpha H2 has completed third-party testing of its hydrogen injection system which can be attached to diesel and petrol internal combustion engines (ICEs) to reduce fuel usage and emissions.
The results of these recent tests align with previous tests undertaken and reinforce the efficacy of the technology available.
The technology produces on-demand hydrogen which improves the combustion efficiency of ICEs, delivering reduced fuel usage and carbon emissions:
  • 20% reduction in fuel usage.
  • 13% reduction in carbon dioxide emissions.
  • 16% reduction in HC emissions.
The technology provides owners of ICEs with swift access to cost savings and emissions reductions.
As an example, Australian vehicle fuel use from ABS shows 16 gigalitres of petrol and 16 gigalitres of diesel were consumed in 12 months to June 30 2020. The value of the cost savings alone is significant for every vehicle owner, but particularly owners of large fleets of vehicles and machinery.
Since launching in October 2023, Alpha H2 has received $15m in order interest from transport, mining and construction operators across Australia, the Middle East, the Americas, and Europe.
The Company is currently progressing towards its first trials with truck companies in Australia.

Outlook moving forward

Throughout the period, UHL has taken significant strides in delivering on the dual strategy it has outlined since its inception — executing a public listing and nurturing enterprise value through Group growth.
The material progression the companies have made in the UHL Group has played a key role in advancing shareholder value.
UHL believes this strategy is the strongest avenue to unlocking liquidity for shareholders, as a listing will provide it with the capital required to accelerate its 30-plus projects and companies.

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