GWSO
Industry:
Renewable & Alternative Energy

DESCRIPTION

Global Warming Solutions is an early-stage company developing hydrogen energy technology. The company's core product is a "Sodium Battery Hydrogen Generator," an electrochemical device designed to produce hydrogen and oxygen on demand, with energy stored in a battery system. The company targets residential, commercial, industrial, and defense applications, positioning its technology as an alternative to lithium-ion batteries and fossil fuel systems. The company's near-term go-to-market focus is U.S. government and defense customers: in December 2023, the company signed a contract to support a U.S. Navy integration project, and has signed a letter of intent with Coal Creek Energy for hydrogen infrastructure in Kansas and a memorandum of understanding with DVL Express to integrate hydrogen technology into a truck fleet. The company plans to generate revenue through consulting fees, technology licensing, and direct product sales, but has generated no revenue from its current business lines. Global Warming Solutions has one officer/director and no other employees, relies entirely on outside consultants, and funds operations through equity and loans. The company's auditors have flagged substantial doubt about its ability to continue as a going concern, and management estimates it needs roughly $500K in external funding to execute its business plan. The company also holds a minority stake in Green Holistic Solutions, a separate entity controlled by insiders, to which it divested a former CBD business.

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