Photo - Neology
60961

Neology

Switzerland
Market: Mechanical engineering, Transport, Chemistry, Power Engineering, Other
Stage of the project: Prototype or product is ready

Date of last change: 01.11.2023
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Idea

Neology delivers highly efficient, compact proprietary ammonia cracking technology, on-board, to enable carbon-free energy for commercial transportation, without the complexities of hydrogen.

Current Status

We have significant interest from potential clients, having accumulated several LOIs. Investors have also soft committed some of the funding expected in Q1 2024.

Problem or Opportunity

Hydrogen is the fuel of the future for all large vehicles and/or long distance use-cases, but the supply chain does not work. It leaks, is explosive, requires expensive and heavy technology to store and transport. The supply is not readily accessible and is very difficult to transport from places where green hydrogen may be cost effective to produce (eg middle east, parts of Africa, Chile, etc.).

Solution (product or service)

We resolve it by replacing the hydrogen supply chain with that of ammonia, the second most produced chemical with a very mature supply chain. This is enabled by providing decentralized ammonia cracking technology, which extracts and purifies hydrogen from ammonia.

Business model

We plan to outsource manufacturing (currently done ourselves from proprietary parts and some off-the-shelf parts) and sell teh devices adapted for the client's use case. Once the device is purchased, it becomes the responsibility of the client to use it. Neology may also carry out servicing on the parts to maintain functioning.

Incubation/Acceleration programs accomplishment

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