“Most commercial electrolyzers need carefully conditioned power from expensive battery-meditated backup systems. Ours runs directly off the sun. Clouds pass, the day turns to night, and we maintain purity from a stack whose Bill of Materials cost is well below $100/kW. Terraform’s single-minded focus on capex reduction has allowed us to convert sunlight to hydrogen in an unprecedented demo at a cost below $2/kg. If that wasn’t enough, we have a crystal clear plan of steady execution to push that cost below $1/kg in the coming years.”

From Casey Handmer.