- Green technology developer HPQ Silicon (TSXV:HPQ) and its French subsidiary Novacium signed a memorandum of understanding with GLD Alloys, a top Malaysian producer of recycled aluminum, to expedite commercial production of Metagene, an innovative fuel that allows for the autonomous generation of green hydrogen
- HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions
- HPQ Silicon stock has added 14.71 per cent year-over-year and 225 per cent since 2020
Green technology developer HPQ Silicon (TSXV:HPQ) and its French subsidiary Novacium signed a memorandum of understanding with GLD Alloys, a top Malaysian producer of recycled aluminum, to expedite commercial production of Metagene, an innovative fuel that allows for the autonomous generation of green hydrogen.
Based on a silicon–aluminum formulation, Metagene generates 1.25 m³ of green hydrogen per kilogram, an energy density well beyond existing solutions, granting it a strong case to garner a meaningful share of the clean energy market.
GLD’s expertise lies in the production of low-carbon recycled aluminum alloys, a key ingredient in Metagene, boasting high-quality and cost-efficient production capacity of 200,000 tons per year. According to Thursday’s news release, the company’s product releases 95 per cent less emissions compared to primary aluminum and is slated to reach 500 tons per year by 2027, representing 50,000 kg of hydrogen and an emissions reduction equivalent to 1,200 gas-powered vehicles.
HPQ and Novacium aim to capitalize on synergies with GLD and reduce Metagene production costs by 30-50 per cent compared to competitors, sweetening its value proposition among potential industrial, military and civilian clients in a green hydrogen market Deloitte expects to reach US$1.4 trillion by 2050.
Leadership insights
“This partnership with HPQ and Novacium is a unique opportunity to accelerate the transition towards a cleaner energy industry,” John Lee, GLD Alloys’ chief executive officer (CEO), said in a statement. “With Metagene, we are combining sustainability and innovation to meet the world’s rapidly growing demand for green hydrogen — a market with growth potential.”
“We are on the cusp of an energy revolution,” commented Jed Kraiem, Novacium’s chief operating officer. “Metagene makes green hydrogen accessible, safe and cost-effective.”
“GLD Alloys is the ideal partner to make Metagene a global commercial success,” added Bernard Tourillon, CEO of HPQ Silicon. “Their substantial production capacity and strong environmental commitment position us to target the rapidly growing green hydrogen market. With a business model rooted in disruptive technology and a minimal carbon footprint, HPQ and Novacium are ideally positioned to lead the next wave of hydrogen-based green energy.”
About HPQ Silicon
HPQ Silicon is a Canadian green technology stock focused on producing the critical materials needed to reach net-zero emissions. The company’s efforts are centred on fumed silica, high-purity silicon, silicon-based anode materials for battery applications and on-demand hydrogen production.
HPQ Silicon stock (TSXV:HPQ) is unchanged trading at C$0.20 per share as of 9:48 am ET. Investors have gained 14.71 per cent year-over-year and 225 per cent since 2020.
Join the discussion: Find out what everybody’s saying about this green technology stock on the HPQ Silicon Inc. Bullboard and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
(Top image, generated by AI: Adobe Stock)
