AES Tech, a startup developing hydrogen production technology based on ammonia electrolysis, announced on the 25th that it was finally selected for the Korea Credit Guarantee Fund's innovative startup growth support program, Pre-ICON. With this selection, AES Tech will receive a total of 3 billion won in guarantee support over the next three years. Free Icon is a program that selects startups with proven technological prowess and growth potential among those in the leap forward stage (between 2 and 10 years of establishment) and supports their business expansion through financial guarantees. AES Tech was selected for the Korea Credit Guarantee Fund's 'First Penguin' program, an early-stage startup support program, in 2022, and has since been selected for 'Free Icon', a program for growth-stage companies, continuing the Korea Credit Guarantee Fund's startup incubation track. The hydrogen economy is rapidly expanding globally, fueled by ammonia, a well-established infrastructure. AES Tech is recognized as possessing the optimal technology to realize distributed, high-purity hydrogen supply within this dynamic. AES Tech, through its proprietary ammoNOVA system , is proposing technology that overcomes the limitations of existing hydrogen production methods, including rapid operation, real-time hydrogen purity control, water-free and NOx-free structure, and modular expandability. The company has a specific roadmap to complete a 10 Nm³/h commercial prototype by 2025 and develop a 50 Nm³/h commercial module by 2027. Global collaborations are also active. AES Tech is conducting ammonia catalyst research with the Italian National Research Council (CNR) and is jointly developing specialized catalyst and coating technologies with the R&D center of De Nora , an electrode specialist based in Milan, Italy. Having established a stable foundation for research and development and commercialization through this selection as a Free Icon, AES Tech plans to proceed with its planned roadmap without a hitch and further strengthen its competitive edge in time for the hydrogen economy to blossom. "The selection as a Free Icon officially demonstrates AES Tech's technological competitiveness and growth potential," said Jeon Jae-hong , CEO of AES Tech. "The hydrogen economy has diverse demand sources, including power generation, transportation, and industrial processes. AES Tech's modular architecture and real-time purity control technology will become a next-generation platform that enables a stable and highly efficient hydrogen supply in any environment." AES Tech is an energy technology company developing a hydrogen extraction system based on anhydrous liquefied ammonia electrolysis. It enables high-efficiency, low-cost green hydrogen production through its self-developed ammoNOVA system and ACE UP (Abnormality Predictive Maintenance) solution, and provides various eco-friendly solutions such as an ammonia evaluation device. AES Tech values ​​technological innovation for a sustainable future and is leading the expansion of the global hydrogen ecosystem. (ICE SEOUL)

Fonte notizia: Maeil Business Newspaper