Schiedam, April 3rd 2018 – Proton Ventures B.V. is one of the nominees of the last round of the NAM70 Challenge. This was just announced by NAM, de Dutch Petroleum Society. Proton Ventures is chosen from a series of 45 solutions from 13 countries; from Canada to Australia, from South Africa to Finland and from Israel to the Netherlands.
NAM would like to take the next step in the acceleration of the energy transition and called on international growth companies that are working on a solution for large-scale storage of sustainable energy to take part in the NAM70 Challenge. Proton Ventures also submitted a proposal: the Power-to-Ammonia concept.
Proton Ventures about the nomination
Bob Weehuizen, Business Developer at Proton Ventures about this nomination: “We are very pleased and honored with this nomination for the NAM70 Challenge. Especially given that we have been chosen from so many submissions! Storage of renewable energy is a challenge. With the concept we offer, it becomes possible to store sustainably generated energy via hydrogen cheaply and efficiently in the form of ammonia. As soon as the demand for energy rises again, the stored renewable energy in the ammonia can be converted back into hydrogen and from there into electricity. Also called Power-to-Ammonia and Ammonia-to-Power. Because this type of energy (storage) does not use carbon (C) but nitrogen (N), this concept is also called NFUEL. ‘
Final of the NAM70 Challenge
In the coming weeks Proton Ventures will face the British Storelectric with ‘Compressed Air Energy Storage’ and the French Eco-Tech Ceram with ‘Thermal Energy Battery with Ceramic Cells’. The winner of the NAM70 Challenge will be announced on June 6th 2018. The winner will receive a cash prize of 50,000 euros, but can also count on NAM as a customer. The winner implements the proposed innovation together with the NAM.
About Proton Ventures
Proton Ventures is an engineering company specializing in ammonia-related technology and products. Proton has extensive experience in building and designing both pressure storage and refrigerated storage of ammonia and small-scale ammonia plants. We are also specialized in storage concepts for chemical and liquid fertilizers for agriculture and horticulture.
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