Cleantech Power Corp.

NEO:PWWR

Developing Affordable, Renewable and Reliable Assets and Cleantech

​​Company Highlights

  • Cleantech Power is a diversified investment platform focusing on developing and commercializing clean energy technology with active revenue alongside long-term innovation of hydrogen-powered fuel cells.
  • The company operates through two global entities: PWWR Flow Streams (PWWR Flow), an AFCP brand, and Fuel Cell Power NV, a wholly owned subsidiary in Belgium.
  • PWWR Flow Streams is focused on the development, ownership and operations of combined heat and power (CHP) assets. PWWR Flow assets deliver efficiency improvements of over 20 percent with reduced costs to customers in multi-residential and commercial applications. PWWR Flow has contracted existing CHP assets in Toronto, Canada, and has an additional pipeline of potential contracts valued at over $50 million currently in development.
  • Fuel Cell Power NV is focused on the development, production and commercialization of micro- combined heat and power (micro-CHP) systems and off-grid and back-up power generators based on advanced Cleantech Power technology that generates zero CO2 emissions. Fuel Cell Power NV is working through milestones to deliver a commercialized Cleantech Power in 2024.
  • AFCP’s diversified business lines encompass four revenue streams that provide active revenue now and opportunities for significant growth as its hydrogen-powered fuel cells are fully commercialized.
  • The company is led by an experienced team of managers with a history of successfully leading organizations to profitability.
  • The company recently executed a non-binding letter of intent with AmmPower Corp. (CSE:AMMP) for the development of a pilot project testing PWWR's off-grid fuel cell generator and AmmPower's ammonia cracking technology.
  • PWWR launched Jupiter 1.0 - the prototype of a 4kW Cleantech Power unit on January 11, 2023, in Geel, Belgium to signal its transition to the commercialization phase.
  • AFCP has executed a letter of intent with Progressus, a venture-stage green technology company, for a joint venture project to combine various Progressus technologies with AFCP fuel cells to develop zero-emission solutions for natural gas utilities to directly power both residential and commercial businesses across North America.
Press Releases


Overview

The electrification revolution is well underway, but will solar and wind power alone help us reach the carbon-neutral emissions goals set by governments worldwide? It’s unlikely, as we’re already seeing a dwindling supply of necessary metals, but integrating hydrogen-based technologies may help cover the gap. It’s estimated that hydrogen cleantech could meet 12 percent of the world’s energy demand by 2050 and reach annual sales of approximately €630 billion.

Current clean energy storage technology costs are prohibitive to widespread adoption, but hydrogen-based technologies are more affordable. Affordability is vital to the worldwide adoption of clean energy, and hydrogen may even compete with conventional options soon. Interest in hydrogen tech is surging, and it is estimated that cumulative investments in renewable hydrogen in Europe alone could reach between €180 to €470 billion by 2050, and between €3 and €18 billion for low-carbon, fossil-based hydrogen. It’s clear that hydrogen should not be overlooked by those looking to invest in the clean energy transition.

Cleantech Power Corp. (NEO:PWWR, OTCQB:ALKFF) is a diversified company with business lines focused on developing, producing and commercializing clean energy technology. The company has active revenue streams while simultaneously developing advanced hydrogen-based technology for future solutions. Cleantech Power is led by a team of experts with experience in corporate administration, finance and utilities.

Cleantech Power

The company’s PWWR Flow Streams (PWWR Flow) solution is presently on the market and offers cost-effective, combined heat and power (CHP) for multi-residential and commercial applications. Its natural gas-powered CHP systems are cost-efficient, and can reduce air emissions and maintain grid connection for peak usage times and backup power.

Cleantech Power’s long-term goal with Fuel Cell Power NV is to develop advanced hydrogen-powered Cleantech Power cell technology that does not require a combustion process. These in-development fuel cells have already operated successfully in laboratory settings. The fuel cells are virtually silent, produce no vibrations, and the only by-product is pure water. Additionally, the Cleantech Power fuel cells primarily use nickel, graphite and plastic, creating a significant cost advantage over the platinum and palladium used by its competitors.

PWWR Flow Streams

The company is diversifying and future-proofing its revenue streams by working towards indirect micro-CHP systems sales, direct sales of CHP systems, parts production and sales, and supportive services. Its CHP business line is actively generating revenue with 33 active targets and a pipeline of 23 proposals. PWWR presently has a pipeline of ~$50 million in project capital.

In an interview, CEO Frank Carnevale said, “The core of this business is developing the Cleantech Power. Over 15 European countries have signed on to the eventual conversion of natural gas systems to hydrogen. And when that hits and customers have hydrogen coming to their homes, our product will be the most affordable system you can use to power your home. So we’re developing that out, but in the short term, we have a diversified strategy that includes our CHP business that has real earnings to balance the investment package.”

The company executed a non-binding letter of intent with AmmPower Corp. (CSE:AMMP) for the development of a pilot project testing PWWR's off-grid fuel cell generator and AmmPower's ammonia cracking technology. The JV aims to demonstrate that green ammonia is an energy carrier that can bring clean 'Power to the People'. AmmPower is focused on developing technology to convert green ammonia into green hydrogen, a process called ammonia "cracking." With this cracking technology, hydrogen can be safely stored and transported around the world as ammonia, and upon arrival at its destination, be converted back into hydrogen for a cleaner and more efficient end-use.

Cleantech Power ’s wholly owned Belgium subsidiary, Fuel Cell Power NV, also launched the prototype of its micro-combined heat and power (CHP) fuel cell, named Jupiter 1.0 after the planet Jupiter, which is made up of roughly 90 percent hydrogen, Similarly, this PWWR fuel cell converts hydrogen to heat and electricity at approximately 90 percent efficiency. Jupiter 1.0 is built to supply power during peak demand periods and serves as a back-up when required for homes and small buildings.

Company Highlights

  • Cleantech Power is a diversified investment platform focusing on developing and commercializing clean energy technology with active revenue alongside long-term innovation of hydrogen-powered fuel cells.
  • The company operates through two global entities: PWWR Flow Streams (PWWR Flow), an AFCP brand, and Fuel Cell Power NV, a wholly owned subsidiary in Belgium.
  • PWWR Flow Streams is focused on the development, ownership and operations of combined heat and power (CHP) assets. PWWR Flow assets deliver efficiency improvements of over 20 percent with reduced costs to customers in multi-residential and commercial applications. PWWR Flow has contracted existing CHP assets in Toronto, Canada, and has an additional pipeline of potential contracts valued at over $50 million currently in development.
  • Fuel Cell Power NV is focused on the development, production and commercialization of micro- combined heat and power (micro-CHP) systems and off-grid and back-up power generators based on advanced Cleantech Power technology that generates zero CO2 emissions. Fuel Cell Power NV is working through milestones to deliver a commercialized Cleantech Power in 2024.
  • AFCP’s diversified business lines encompass four revenue streams that provide active revenue now and opportunities for significant growth as its hydrogen-powered fuel cells are fully commercialized.
  • The company is led by an experienced team of managers with a history of successfully leading organizations to profitability.
  • The company recently executed a non-binding letter of intent with AmmPower Corp. (CSE:AMMP) for the development of a pilot project testing PWWR's off-grid fuel cell generator and AmmPower's ammonia cracking technology.
  • PWWR launched Jupiter 1.0 - the prototype of a 4kW Cleantech Power unit on January 11, 2023, in Geel, Belgium to signal its transition to the commercialization phase.
  • AFCP has executed a letter of intent with Progressus, a venture-stage green technology company, for a joint venture project to combine various Progressus technologies with AFCP fuel cells to develop zero-emission solutions for natural gas utilities to directly power both residential and commercial businesses across North America.

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