Nanofilm launches venture into hydrogen energy with Temasek
This marks Nanofilm’s first venture into the market.
Nanofilm Technologies International Limited has announced it has entered into a non-binding term sheet for a joint venture with Temasek to jointly invest in Sydrogen Energy Pte Ltd, which will tap on opportunities in the hydrogen economy.
By leveraging Nanofilm's advanced materials, Sydrogen will first focus on commercialising the adoption of these advanced materials coating processes for the key components of the proton- exchange membrane fuel cell stack systems.
Nanofilm’s advanced materials coatings are enabling catalysts in pivoting towards adoption of metal Biopolar Plates, which are technically more superior than competing plate materials and are wider in application usages. As production scales up over time, large cost components in PEMFC stack systems will gain production cost efficiency, contributing to further acceleration in PEMFC adoption.
“As a deep tech company with a successful track record in commercialising our technologies, we are pleased to explore the opportunity to partner Temasek to further the application of Nanofilm’s proprietary nanotechnology solutions in the hydrogen economy. The proposed partnership will feature heavily in our sustainability commitment, as we entrench our role as a critical supply chain player in the hydrogen economy, contribute to carbon neutrality and offer a sustainable energy source for the global economy.” said Nanofilm’s executive chairman Dr. Shi Xu.