clean tech due diligence

Articles tagged “clean tech due diligence

1 article found

The Joi Scientific Saga: How Unproven Hydrogen Claims Secured Major Partnerships Before Fading Away
The Insight

The Joi Scientific Saga: How Unproven Hydrogen Claims Secured Major Partnerships Before Fading Away

Joi Scientific emerged in 2014 with bold claims of producing ultra-low-cost hydrogen from seawater, a potential 'Hydrogen 2.0' revolution. The company successfully secured high-profile partnerships with entities like Florida Power & Light and a U.S. national laboratory, riding a wave of hydrogen hype. However, independent analyses from the U.S. Department of Energy and Government Accountability Office later cast serious doubt, labeling the technology unproven and not ready for market. This article explores the pattern of how ambitious, pre-commercial clean tech claims can attract significant institutional interest based on future promise, the role of due diligence, and what the company's eventual silence reveals about the fine line between innovation and overreach in the energy transition.