Australian-Israeli startup Electriq~Global and Dutch company Eleqtec have entered into an agreement to launch Electriq~Global’s water-based fuel technology in The Netherlands, where the market is moving to adopt zero-emission mobility solutions.
Together they plan to launch Electriq~Fuel’s recycling plants, and introduce eMobility applications for trucks, barges and mobile generators.
Comprised of 60 percent water, Electriq~Fuel is a cost-efficient alternative to batteries and compressed hydrogen. The energy density potential of the technology is up to 15 times that of electric batteries currently used in electric vehicles.
The Electriq-Eleqtec partnership is already in advanced commercialization negotiations with leading Dutch companies. Several demonstration 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. With Eleqtec’s support, we expect first products based on our technology, made by Dutch partners, delivered in 2020.”
Eleqtec Chairman Mecx Kooij said that 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 regard to storage and transport of energy, supports current initiatives and introduces a cost-efficient fuel.”
Electriq~Global was founded in 2014 following breakthroughs in water-based fuel technology by its founder, Alex Silberman. Supported by the Israeli government’s incubator program, the startup is funded by investors and is now partnering to roll out its technology globally.
[Photo: Adam Ashton / YouTube ]