Millennium Reign Energy Impact ProfileAlternative Fuel Industry April 2019
Company Description
Millennium Reign Energy, LLC (MRE) is a hydrogen infrastructure manufacturer and distributor that has built a fully automatic hydrogen generating station and storage system. The AutoARK® technology uses electricity from any source to separate water (H2O) into hydrogen and oxygen.
Boundless Analysis
- This profile compares MRE’s electrolysis technology against other hydrogen production technologies and fuels used in the transportation industry.
- The Climate Impact Score is based on per product impact and it is based on GHG emissions, air quality, use of water and energy.
- Boundless scores MRE 9/10 on per unit impact. The score rationale can be found in Appendix F.
- Scaled operations could eventually replace 18% of the domestic road fuels market and save 17 billion metric tons of CO2.
- The outlook for MRE to successfully commercialize their technology and products is positive. Key factors in the assessment:
- Positive revenue stream of $1.9 MM from inception and 2019 YTD at $700K.
- Three trademarks have potential to drive revenue and brand recognition.
- Certificate of Attestation from CSA Group for their products reduces overall installation costs.
- In discussions with a major retailer on installing fueling stations.
- Plans to build 27 fueling stations along Transcontinental Hydrogen Highway™ by 2022.