May 6, 2024, Seattle Washington, USA – HyPower Hydrogen, previously known as DEEC, Inc. and HyTech Power, LLC, is embracing an exciting new era. With Ric Merrifield as CEO, the company now focuses on licensing its pioneering clean energy technologies that substantially cut emissions and fuel consumption across diverse industries.
At the heart of HyPower Hydrogen’s strategic assets is the Internal Combustion Assistance (ICA) technology. This innovative approach enhances engine efficiency using hydrogen from water, positioning it as a pivotal bridge technology during a crucial transition period. With mainstream adoption of fully electric vehicles still a decade away, ICA is timely and essential.
The appointment of Ric Merrifield, known for his work in fuel efficiency at Seattle-based APiJET and his impactful roles at industry giants like Disney and Starbucks, is a strategic fit. “The decision to hire Ric Merrifield as CEO, with a history in fuel efficiency programs in aviation while at Seattle-based APiJET, having also launched some of the largest programs at Disney and Starbucks, made perfect sense to our Board and very lean team,” states Tom Gibbons, Chair of the Board.
Supporting this vision is a board that includes executives from Seattle’s Aviation Partners, famed for their fuel-saving aircraft winglets, which have already saved over ten billion gallons of fuel and reduced carbon emissions by more than 105 million tons. This expertise is a cornerstone of HyPower Hydrogen’s mission to provide cost-effective, emission-reducing technologies.
“We already have several target markets, and because of the strength of the Board, we already have access to the right people in those markets,” Merrifield added. “Large organizations often weigh the decision to build or buy technology, and since we own this intellectual property, we think that alone will be an obvious competitive differentiator for them.”
Amidst a surging renewable energy market, which was valued at USD 899.24 billion in 2022 and is expected to grow to USD 3637.99 billion by 2031 at a CAGR of 16.80%, (source) HyPower Hydrogen is well-positioned for significant growth. The company stands ready to aid this expansion, particularly as hydrogen emerges as a key player in both stationary and transportation energy sectors, capable of generating power with near-zero greenhouse gas emissions and producing only water vapor and warm air as byproducts.
HyPower Hydrogen is gearing up for a transformative beginning with a new website set to launch in June.
About Hypower Hydrogen
For over a decade, Hypower Hydrogen has been refining its technology, offering unmatched solutions that reduce fuel consumption and emissions for a variety of applications, including on-road, off-road, and stationary engines. With its strategic focus and upcoming global deals, HyPower Hydrogen is poised to promote and sustain a greener future, leveraging its technology in an ever-growing global renewable energy market.
For more information about HyPower Hydrogen and how it can create a more sustainable future contact:
[email protected]
For Business inquiries contact:
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+1.206.799.6189