DiagnaMed Holdings Corp., a leading provider of innovative technology solutions for the cleantech and life sciences industries, announced a strategic collaboration with TerraVent Environmental Inc. (“TerraVent”). This partnership will advance the evaluation and integration of two ground-breaking hydrogen production technologies with TerraVent’s proprietary Heatwave® electromagnetic thermal tools in both petroleum reservoirs and geologic hydrogen producing geologies. Together, this collaboration will produce low-cost, carbon-zero hydrogen, revolutionizing traditional methods and significantly reducing greenhouse gas emissions.
Revolutionizing Hydrogen Production
This strategic alliance underscores DiagnaMed’s commitment to commercializing its breakthrough hydrogen production processes.
The first technology, pioneered by Dr. Qingwang Yuan of the HOPE Group at Texas Tech University, is an innovative method combining hydraulic fracturing with electromagnetic heating to efficiently extract hydrogen from light oil, gas, and shale reservoirs. By repurposing existing oil and gas infrastructure, including over 25,000 active oil and gas fields globally and the 2-3 million abandoned wells in the United States, this technology can be implemented far more quickly than technologies still in the ideation stage, positioning DiagnaMed at the forefront of the clean hydrogen revolution. With projected hydrogen production costs as low as $0.86 per kilogram, these technologies align perfectly with the U.S. Department of Energy’s “Hydrogen Shot” initiative to achieve $1/kg hydrogen by 2031.
The second, developed in-house at TerraVent, stimulates naturally occurring hydrogen generation (“White”, Natural”, or Geologic” Hydrogen) with small amounts of zero-Carbon ElectroMagnetic (“EM”) heat. TerraVent’s novel process, combined with their existing EM heating systems, increases the production of geologic hydrogen, bringing marginal production sites to full commercial viability. Hydrogen production costs for enhancing natural production of Hydrogen are expected to be even lower than production from hydrocarbon reservoirs, close to half the $1/kg goal.
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Describe more in press release https://www.diagnamed.com/news