At Triton Hydrogen, October marked a period of steady positive progress, with key developments in testing, production, and global partnerships. Here’s a closer look at our recent milestones and the strides we’re making toward transforming hydrogen technology.
Most of our current engagements are covered by NDAs so at this stage we will avoid publicly naming companies and organisations here.
Production and Testing: Progress on Tritonex and Tritonor
Our coatings, Tritonex and Tritonor, are showing strong results. Tritonex, for example, achieved impressive results in blocking hydrogen permeation of steel samples when tested at 100 bar over a 72 hour period, a significant benchmark for its durability. As testing continues any issues are being addressed by our scientific team through slight changes to the formula, for example to improve adhesion on diverse substrates, ensuring we meet the highest quality standards. Meanwhile, Tritonor production in the UK is progressing, with test shipments prepared for local and international clients.
We’re also engaged with a German OEM for potential large-scale production, paving the way for efficient manufacturing expansion. Importantly, a comprehensive testing programme is in development, and we’re proud to be collaborating with a leading Spanish University on pipeline coating trials for the European energy sector. Additionally, a world leading German University in embrittlement testing will join our testing efforts, strengthening our foundation of rigorous scientific validation.
Expanding Investor Interest
Interest in Triton Hydrogen is growing, with substantial investment opportunities from stakeholders in the UK and Norway. These investors are exploring multi-million pound commitments, and we are arranging November meetings to further these discussions. Additionally, our engagement with hydrogen leaders in Brazil is helping us connect with investors, particularly in Brazil, where hydrogen technology is gaining momentum and the USA.
Strategic Sales & Business Development
Our sales pipeline continues to expand, and we now have active engagements with over 80 organisations worldwide, with 37 of these being global enterprises. Recent agreements with our agents in South America will facilitate introductions in Brazil for proof-of-concept tests. Additionally, opportunities in hydrogen trams and aerospace applications reflect the broadening scope of our technology’s impact. Collaboration with organisations in hard to abate industries and potential projects with refuelling companies also underscore the growing demand for hydrogen coatings in diverse industries.
Key Collaborations
This month, our relationship with the Centre for Process Innovation (CPI) has deepened, with their expertise set to help us refine testing processes for Tritonex and Tritonor. CPI’s network of interested stakeholders in hydrogen technology could be a valuable asset for future outreach.
Our partnerships span continents, and Triton Hydrogen is being represented at one of the largest global energy events, ADIPEC 2024 in Abu Dhabi, while additional connections in Saudi Arabia and Dubai are under exploration.
Strategic Focus Areas
With a clear emphasis on process optimisation, we are conducting pricing research into high-performance anti-corrosion coatings, which ensure we position Tritonex and Tritonor competitively in the market.
Outreach to influential figures, including government leaders in the UK, aims to solidify Triton’s standing as a key player in the hydrogen sector and strengthen our engagement in emerging hydrogen infrastructure projects.
Promising Market Opportunities
From automotive applications to aerospace and industrial solutions, our top prospects are conducting tests on aviation and aircraft components, hydrogen pipelines, and hydrogen storage solutions. Triton Hydrogen’s technology portfolio is aligned with high-growth sectors, showcasing Tritonex and Tritonor’s potential as game-changers in hydrogen and anti-corrosion coating applications.
结论
October has been an exciting month at Triton Hydrogen. With rigorous testing, strong investor interest, and strategic partnerships, we’re poised to expand our market presence. Our efforts underscore Triton’s commitment to innovation and collaboration, advancing sustainable hydrogen solutions for a low-carbon future.