NoviqTech and HYDI Hydrogen Partner to Revolutionize Carbon Credit Generation from Hydrogen Technology
Key Ideas
- NoviqTech and HYDI Hydrogen collaborate to enable carbon credit generation through hydrogen-on-demand systems for diesel engines.
- The partnership involves using NoviqTech's Carbon Central platform with blockchain technology for end-to-end carbon credit issuance and emissions monitoring.
- HYDI's hydrogen system aims to reduce diesel usage, cut greenhouse gas emissions, and potentially save 8,000 liters of diesel per month in mining applications.
- NoviqTech will provide ongoing support for project registration, data validation, and token issuance to ensure blockchain-verified carbon credits through the Hedera platform.
NoviqTech, in partnership with HYDI Hydrogen, is set to revolutionize carbon credit generation by leveraging HYDI's hydrogen-on-demand systems for diesel engines. The collaboration will utilize NoviqTech's Carbon Central platform and blockchain technology to enable end-to-end carbon credit issuance and emissions monitoring. This initiative aims to support HYDI in optimizing combustion efficiency, reducing diesel consumption, and cutting greenhouse gas emissions in sectors like transportation, mining, and agriculture. NoviqTech will provide comprehensive support for data assessment, emissions tracking, and token issuance to ensure the credibility of blockchain-verified carbon credits. The partnership also offers a scalable and recurring revenue model for HYDI through potential diesel savings and emissions reductions. The technology's ability to generate carbon credits positions it as a cost-effective and environmentally friendly solution for operators seeking to mitigate carbon footprint and operational costs.
Topics
Projects
Partnership
Emissions Reduction
Transportation Sector
Carbon Credits
Environmental Benefits
Blockchain
Revenue Streams
IoT Devices
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