“The holy grail”: A Nobel laureate-backed startup striving for a breakthrough in hydrogen storage technology

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A California-based firm thinks it is about to make a “quantum leap” in the quest for hydrogen energy, with support from two Nobel laureates and other notable experts.

The goal of 2021-founded H2MOF is to use the most recent developments in the field of molecularly engineered materials to produce a solution for hydrogen storage.

It claims that a solution to what it considers to be the biggest obstacle the hydrogen economy faces will eventually be found.

Professor Fraser Stoddart, who co-founded H2MOF and was awarded the 2016 Nobel Prize in Chemistry, said via videoconference to CNBC that “the production of hydrogen, as far as I’m aware, is a settled problem.”

“There are several effective methods for creating hydrogen. The primary obstacle still standing is how to keep a large amount of it at room temperature and low pressure, according to Stoddart. “Obviously, I have no doubt that we will arrive there in some fashion.”

Being the most plentiful and lightest element in the universe, hydrogen has long been touted as one of several possible energy sources that might be essential to the green transition.

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