Pulsenics receives the COP 27 Gold Award for Innovation from the Egyptian Minister of Environment
One hundred and ninety-eight countries signed the United Nations Paris Agreement in November 2016 which aims to strengthen the global response to climate change. International cooperation is imperative to limiting a global temperature increase of 1.5°C, otherwise resulting in extreme weather events, changes in water availability and sea level rise. In order to achieve this goal, a net-zero emission target was adopted, which mandates reducing or offsetting greenhouse gas emissions caused by human activity down to zero.
The manufacturing and transportation industries are responsible for two-fifths of the world's CO2 emissions but are considered the most critical industries for economic development. To maintain the quality of our lives whilst ensuring we meet net zero, transitioning these industries from carbon-intensive processes to low-carbon alternatives is critical.
Ambitious climate mitigation targets are required to prevent potentially drastic environmental consequences. These targets introduce a sense of urgency to deploy innovative green technologies that replace carbon-emitting ones. Electrochemical technologies are key for industrial decarbonization because of their ability to introduce low-carbon alternatives in the manufacturing and transportation sectors. An electrolyzer is an example of an electrochemical system, which produces low-carbon hydrogen with the potential to decarbonize 37% of energy-related greenhouse gas emissions.
The economics of deploying and operating electrochemical technologies must reach price parity with fossil fuel alternatives to encourage mass market adoption. Meeting improved technology performance targets is necessary for price parity. For electrochemical technologies, sources of performance losses are challenging to diagnose without disrupting operations, leading to difficulties in managing performance and preventing economic improvements.
Pulsenics is on a mission to accelerate the global transition toward industrial decarbonization by introducing transparency into the behaviour of electrochemical systems. Using spectroscopy, our technology probes for key performance indicators from within an electrochemical asset without the need for shut-down or disruption, generating actionable insights that technology developers and operators would otherwise be blind to. By mitigating performance losses and de-risking new technologies at scale, Pulsenics has the potential to abate over 1 billion tonnes of CO2 emissions per year by 2040.
Pulsenics is honoured to have been awarded the Innovation Gold Award by the Egyptian Minister of Environment, Dr. Yasmin Fouad, at the 2022 United Nations Climate Change Conference (COP27). We envision a world where low emissions processes displace carbon-emitting ones at a rate and scale that allows us to meet our net-zero goals. Our goal is to accelerate industrial decarbonization by reducing the risks and additional costs associated with deploying and operating electrochemical assets at scale!