Clean Power Capital Corp. has entered into a definite agreement to make an investment in FusionOne Energy Corp., a producer of technologies primarily for the conversion of plastic waste to hydrogen and clean electricity.

Clean Power will support FusionOne’s efforts to commercialize its HydroPlas Reactor, the first integrated technology thermal solution to create white hydrogen from plastic waste, as well as other carbon-based waste, and will deploy on two sites in North America starting in the first half of 2021, with delivery expected on both by the first half of 2022, and a third site in the UK will be announced in Q1 of 2023 with subsequent US and UK deployments to follow. FusionOne technology allows for the production of hydrogen at a low cost with tipping fees received on the multiple, abundantly available waste streams used to generate electricity and hydrogen. 

FusionOne has successfully built a pilot plant, which the company says has been both internally and externally validated on a number of carbon-based waste feedstocks with a specific focus on plastic polymers.

The FusionOne system is a new technology in the hydrogen fuel industry, and therefore the success of the application of the FusionOne technology on a commercial level will depend on, among other factors, the general pace of development of the hydrogen fueling industry, the evolving regulatory environment, and the availability of further funding. The success of FusionOne is also dependent on the United States Patent and Trademark Office granting patents to the technologies that are currently at the application stage.