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Home » H2 Clipper Secures 13th Patent, Revolutionizing Hydrogen Delivery with Blockchain

H2 Clipper Secures 13th Patent, Revolutionizing Hydrogen Delivery with Blockchain

A New Era of Hydrogen Supply Chain Transparency

Kelly Cromley by Kelly Cromley
Sep 13, 2024
in Market News, News
Reading Time: 3 mins read
0
h2 clipper 13th patent blockchain hydrogen delivery

H2 Clipper, Inc. (H2C) has recently strengthened its position as an innovator in hydrogen technology by securing its 13th patent, which focuses on hydrogen delivery solutions. The U.S. Patent and Trademark Office granted the patent on August 20, 2024, under the title “Method and Apparatus for Delivering Hydrogen.” This patent introduces a blockchain-powered system that ensures the delivery of hydrogen with utmost purity and compliance with regulatory standards, covering the journey from production to consumption. The system not only meets regulatory requirements but also enhances the efficiency of supply chain payments and enables stakeholders to earn and trade tax credits, which are critical for hydrogen producers and users.

 

H2C’s patented system is built around blockchain technology and aims to establish a comprehensive hydrogen ledger. This ledger records crucial details about the hydrogen’s origin and supply chain journey, including measurements that validate entitlement to tax credits. The system is also designed to avoid contamination risks, ensuring that all stakeholders maintain high-quality standards. These features are particularly relevant as global demand for clean energy solutions rises and climate change mitigation efforts intensify.

 

Blockchain-Enabled Hydrogen Ledger and Supply Chain Transparency

The use of blockchain technology in this patented system allows for an immutable record of every transaction across the hydrogen supply chain. By providing such a high level of transparency, H2C’s system helps companies meet strict regulatory requirements while facilitating the smooth trading of hydrogen in the growing clean energy market. The blockchain-enabled ledger is also integrated with smart contract-based payments, supporting innovative financing models such as decentralized finance (DeFi). This level of automation and efficiency is expected to simplify the trading and compliance processes within the hydrogen industry.

 

The introduction of this hydrogen ledger emphasizes H2C’s dedication to advancing a low-carbon economy. The system’s capabilities align with large-scale initiatives such as the U.S. Department of Energy’s Hydrogen Hub projects, which aim to promote clean hydrogen production and infrastructure. In addition to tracking hydrogen purity and provenance, the ledger system helps qualify the companies involved in the production, transportation, and use of hydrogen for receiving financial support. It also ensures compliance with tax credit and incentive requirements, providing a strong foundation for an efficient and transparent hydrogen supply chain.

 

Licensing and Broader Market Implications

In addition to securing the patent, H2C has licensed the hydrogen ledger technology to h2onchain, a platform that will focus on recording, tracing, and trading tax credits associated with hydrogen. Under the provisions of the U.S. Inflation Reduction Act (IRA), hydrogen producers are eligible for tax credits of up to $3 per kilogram, provided they meet specific regulatory requirements. By documenting these tax benefits, the licensed platform will facilitate the financing of hydrogen projects and assist companies in navigating the complex process of qualifying for incentives.

 

The potential financial impact of these tax credits is significant, with estimates suggesting that hydrogen-related subsidies could exceed $100 billion in the United States over the next decade. H2C’s patented technology is expected to reduce the cost and complexity associated with earning these incentives, offering companies a streamlined pathway to receive timely payments. This development will be particularly beneficial for firms seeking to comply with regulatory standards and maximize their eligibility for financial support.

 

H2 Clipper’s Continued Focus on Innovation in Hydrogen Delivery

H2C’s commitment to advancing hydrogen technology has been evident since its founding in 2008. The company has consistently worked on developing methods for delivering hydrogen in the most efficient, cost-effective, and safe manner possible. With this latest patent, H2C builds upon its earlier innovations in midstream technologies, specifically those related to hydrogen transport. The new patent outlines how blockchain and data ledger systems can be utilized to ensure hydrogen purity and regulatory compliance while also simplifying transactions between producers, end-users, and other stakeholders in the hydrogen value chain.

 

By offering a transparent and decentralized approach to managing hydrogen’s provenance, H2C’s patented system is expected to play a key role in shaping the future of the hydrogen industry. The combination of blockchain technology, decentralized finance mechanisms, and smart contracts will not only improve operational efficiency but also provide a more manageable and transparent framework for all participants in the hydrogen market.

 

Legal Representation and Expertise

H2C’s intellectual property matters, including the securing of this patent, have been managed by John C. Serio, a partner at the Boston Intellectual Property and Technology Group at Withers Worldwide. With this legal expertise, H2C has successfully expanded its portfolio of patents, positioning itself as a leader in hydrogen delivery innovations. The continued focus on blockchain-enabled solutions highlights H2C’s forward-thinking approach to advancing hydrogen technologies and addressing the evolving needs of the clean energy market.

 

As the global push toward clean energy intensifies, H2C’s patented solutions are likely to have far-reaching implications for the hydrogen industry. The integration of blockchain into hydrogen supply chains presents new opportunities for transparency, efficiency, and sustainability, reinforcing the company’s role in the transition to a low-carbon economy.

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