Coates International Advances Green Hydrogen Technology with Atomic Reactor Design
Key Ideas
- Successful completion of testing on the Advanced Green Hydrogen Atomic Reactor design.
- Coates International secures firm orders from both domestic and international companies, showcasing high demand.
- The technology offers significant benefits with 50% fuel savings and ultra-low emissions, positioning it as a sustainable solution.
- Company's focus on manufacturing larger units and negotiating licensing agreements globally signifies growth and expansion.
Coates International, Ltd. has achieved a milestone by successfully completing testing on its Advanced Green Hydrogen Atomic Reactor design. The company is now shifting its focus towards manufacturing these innovative reactors in the United States, following firm orders received from both national and international companies. This technology is highly regarded for its uniqueness and safety features, utilizing only 1% of the energy produced by industrial electric power generators while achieving remarkable 50% fuel savings and ultra-low emissions. Coates International is currently in the process of developing larger units of 1 MW and 2 MW to meet the existing orders and is actively engaged in negotiating licensing agreements on a global scale. The company's substantial investment of approximately $40 million in research and development over the years has paved the way for the creation of various technologies, including CSRV Industrial Generator Engines and a Sequential Multi-Fuel Injection System. The global hydrogen market, estimated to be valued at over $1.5 trillion, presents significant opportunities for Coates International's innovative solutions.
Topics
Asia
Technology
Investment
Energy Efficiency
Manufacturing
Global Market
Emissions Reduction
Patents
Licensing Agreements
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