- Business
- AlumiFuel Power Corporation (AFPW) operates as an early-stage renewable energy company focused on generating hydrogen gas, superheated steam, and heat through the exothermic chemical reaction of aluminum powder, water, and proprietary additives. The company offers core products and services including dry hydrogen gas for fuel cells in backup, portable, auxiliary, and remote power applications; hydrogen for inflating weather balloons and other inflatable devices; superheated steam and hydrogen mixtures to drive turbines for unmanned underwater vehicles (UUVs) and auxiliary power units (APUs); proprietary powder mixtures for flameless heating devices; and advanced high-capacity lithium-ion batteries under the NovoFuel brand. These solutions target military, commercial, telecommunications, and off-grid power markets, providing 5-10 times the energy density of traditional lithium-ion batteries while competing with gasoline generators and other conventional power sources; operations span the United States, with international marketing and intellectual property rights managed through subsidiaries. Founded in May 2009 and headquartered at Blvd. Hidalgo 67, Hermosillo, Sonora, Mexico, with historical U.S. addresses in Englewood, Colorado, and Philadelphia-area research leveraging Drexel University nanotechnology, the company maintains a robust intellectual property portfolio encompassing patents, proprietary chemistry, and cartridge designs developed with world-class production partners. Recent developments include a July 2021 agreement with Clear Trust, LLC as its new transfer agent to support administrative enhancements; a May 2021 partnership with Ingenium Technologies for full-service capabilities; ongoing efforts as of 2021 to achieve OTCQB listing status through financial consultants and new website updates; and a February 2021 letter of intent alongside pursuits of acquisitions such as Bahia Finisterra, S.A. de C.V. in 2020, reflecting strategic shifts toward operational improvements and market expansion in the evolving hydrogen economy.