Vancouver’s HydroGraph Clean Power this week announced that the United States Environmental Protection Agency has issued regulatory clearances.
The B.C. clean-tech also garnered clearances in Europe and the United Kingdom.
“Securing regulatory clearances in the United States, the United Kingdom, and the European Union represents three key milestones for HydroGraph that meaningfully expand our commercial markets,” commented chief executive officer Kjirstin Breure.
“With US EPA authorization and both UK and EU REACH registrations now in place, we can pursue expanded revenue-generating agreements and support customer scale-up for Fractal Graphene applications across North America and Europe,” the CEO remarked.
HydroGraph Clean Power, a producer of ultra‑pure graphene founded in 2017, is also raising up to $30 million though private placement.
For HydroGraph, the UK market represents an “initial participation base” for the Canadian company’s Compounding Partner Program, which establishes a network of compounders capable of processing Fractal Graphene into commercial thermoplastic formulations.
The cleantech is currently engaged in multiple ongoing commercial development initiatives with UK customers, according to a statement, and the addition of EU REACH registration further enables HydroGraph to advance similar commercial development initiatives with European customers.
HydroGraph’s flagship product is the Hyperion graphene reactor.
Graphene is 200 times stronger than steel yet, at just one atom thick, remains flexible and stretchy.
Graphene can also conduct electricity at 1000 times the capacity of copper, with electrons moving through the material at nearly light speed. In addition, graphene is impermeable, which means hydrogen atoms cannot penetrate its structure.
These various properties grant graphene a wide range of potential energy-saving applications, from more efficient versions of rubber and concrete to water purification systems and hydrogen fuel cells.
Indeed, the material is so versatile that graphene, posits HydroGraph, “may have as much impact on this world as oil has had,” suggesting that “the number of applications that can benefit from graphene is limitless.”