Collaborative Initiative to Unlock Carbon Credits with Hydrogen-powered Diesel Engines
Key Ideas
  • NoviqTech and HYDI partner to convert hydrogen-powered diesel engines into carbon credits, enhancing sustainability and creating new revenue streams through blockchain technology.
  • The project aims to reduce greenhouse gas emissions by injecting hydrogen into diesel engines, potentially cutting consumption by 8,000 litres of diesel per month per truck in mining applications.
  • The collaboration involves real-time emissions monitoring, digital twin development, pilot validation, and full-scale deployment, with a focus on transparency and auditability through blockchain verification.
  • HYDI’s hydrogen-on-demand system is user-friendly, efficient, and environmentally friendly, offering a scalable solution for sectors like transport, mining, and agriculture to reduce fuel costs and carbon emissions.
NoviqTech has partnered with HYDI Hydrogen in an initiative to convert hydrogen-powered diesel engines into verifiable carbon credits. This collaboration aims to improve sustainability across industries using diesel engines by leveraging NoviqTech's blockchain-integrated Carbon Central platform. By injecting hydrogen into diesel engines, HYDI's technology enhances fuel efficiency and reduces greenhouse gas emissions, making vehicles eligible for carbon credits. The partnership will unfold in multiple phases, incorporating IoT integration for real-time emissions tracking and automatic tokenisation of credits. The potential emissions reduction from this initiative is significant, with the aim to issue blockchain-verified carbon credits through the Hedera network for transparency. The hydrogen-on-demand system by HYDI is designed to be user-friendly and efficient, appealing to sectors like transport, mining, and agriculture. With a focus on clean tech innovation, this collaboration showcases the potential of ASX-listed environmental tech firms in driving sustainable solutions in Australia's energy landscape.
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