Under a Memorandum of Understanding (MOU), the two companies plan to scale up the global deployment of Paragon’s hydrogen production technology, which reportedly doesn’t use electrolysis, electricity or fossil fuels.

Siemens Energy said the process yields hydrogen gas, aluminium hydroxide, which can be used in industrial applications, and heat, which can be converted into electricity. With no CO2 emissions, there is also no need for carbon capture technologies.

Paragon has several patents filed surrounding the production process, including for reactor design and an advanced AI-based control system.

Under the preliminary agreement, Siemens Energy will serve as the preferred technology partner.

H2 View understands that the German energy company will provide automation and control systems, AI optimisation, digital twin technology and cybersecurity, while using its Xcelerator platform to process efficiency, heat recovery and system performance.

Paragon’s CEO, Ian Calvert, said the firm’s goal is to “enable a new standard for green hydrogen production… that’s clean, efficient and commercially viable without compromise.”

Compared to conventional electrolysis, Paragon’s technology is said to eliminate reliance on grid electricity or renewable power availability.

Grid electricity and renewable power can lead to high costs and supply limitations, especially in regions with weak grid infrastructure or variable renewable output.