Many might wonder why the oil-rich Arab nations are increasing with fervor their investment portfolios locally and internationally. One peculiar trend about this is the diversification from the oil sector into other sectors especially sports and technology. Making it plain, it is because of developments like this. The days of fossil fuel are literally fast coming to an end in the global energy industry and new forms of energy are taking over. One can only hope an oil-rich country like Nigeria with her economy heavily dependent on fossil oil for revenue generation will wake up and take a cue from these Arab nations.
Australian-Israeli company Electriq~Global and Dutch company Eleqtec have entered into an agreement to launch Electriq~Global’s water-based fuel technology in the Netherlands. Together they plan to launch Electriq~Fuel’s recycling plants and introduce mobility applications for trucks, barges and mobile generators
The progressive Dutch market is moving to adopt zero-emission mobility solutions and is looking for commercial and economical clean energy applications.
Comprised of 60% water, Electriq~Fuel is a game-changer in zero-emissions energy. The innovative fuel is a cost-efficient alternative to batteries and compressed hydrogen. When compared to green energy storage solutions like lithium-ion batteries or compressed hydrogen, Electriq~Global achieves a greater range at a lower cost. The energy density potential of the technology is up to 15 times that of electric batteries currently in use in electric vehicles.
The result of extensive groundwork, the Electriq / Eleqtec partnership is already in advanced commercialization negotiations with leading Dutch companies. Several demonstrations and prototyping projects are expected to be launched in 2020.
Electriq~Global CEO Guy N. Michrowski commented: “Electriq~Global is excited to bring our safe, zero-emission, recyclable fuel to the Dutch market. It is pleasing to see a nation determined to achieve sustainable and zero-emission economy. With Eleqtec’s support, we expect first products based on our technology, made by Dutch partners, delivered in 2020.”
Eleqtec Chairman Mecx Kooij, says: “Electriq~Global’s technology is the link that the sustainable economy was missing, and joining forces with Electriq in bringing it to fruition is highly motivating. Our solution solves issues with regards to storage and transport of energy, supports current initiatives and introduces a cost-efficient fuel. We’re well progressed in negotiations on the ground, so very soon you will see Electriq in action.”
About Electriq
Electriq~Global was founded in 2014 after break-throughs in water-based fuel technology by its founder Dr. Alex Silberman. Supported the Israeli government, Startup Nation’s incubation program, the startup was soon backed by private equity and is now partnering to rollout its technology globally.
About Eleqtec
Eleqtec is a Dutch start-up company founded in 2017 and incorporated in 2018. Eleqtec focuses its efforts on assembling a coalition of energy transition stakeholders that stand to benefit from and are interested to apply Electriq~Global’s technology.
