Global corporations rely on startup’s bimetric and decarbonisation solutions

Founded by experts in the biometrics industry, Tech5 develops disruptive biometric and digital ID technology solutions using AI and Machine Learning. The company offers biometric SDKs and software platforms for contactless biometric capture and matching, digital ID issuance and management, which deliver identity assurance for various use cases.

Global payments company Visa, which facilitates more than 215 billion payment transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories each year, also sees opportunities in Tech5’s solutions and aims to integrate them into its Visa payment services and other value-added components that underpin the implementation of digital public infrastructure and e-commerce marketplaces.

As part of their strategic collaboration, the two organisations will design a roadmap encompassing a series of initiatives and projects to establish a robust foundation for advancing digital payments, digital identity management, and other ecosystem-driven services. This collaboration unlocks a great market potential, allowing for the implementation of a digital ID-based payment infrastructure and services nationwide and in economic zones where services can be implemented cross-border.

Next-generation hydrogen combustion systems
Sulzer, a leading independent service provider (ISP) and Crosstown H2R Ltd, a Baden-based cleantech startup developing a proprietary burner technology to decarbonise gas turbines, have joined forces to build the next generation of hydrogen combustion systems to eliminate CO2 emissions from existing gas turbines across Europe. This advanced hydrogen combustion technology is designed for the aeroderivative, industrial, and power-generation gas turbine fleet, positioning the installed gas turbines for a sustainable, emission-free future.

The H2R® Burner can be adopted immediately to reduce NOx, and CO₂ at a later stage once hydrogen becomes more readily available. By integrating an advanced micromixer into the existing combustion system, this technology represents a step forward from conventional burner types. The upgrade, which can be carried out during scheduled overhauls, involves replacing the existing burner and preparing the entire combustion system to accommodate the new component, making the turbine capable of flexibly using multiple fuels like 100% natural gas or 100% hydrogen. Hydrogen, with a combustion flame speed around seven times faster than natural gas, requires a new combustion system with a new burner that ensures reliable and efficient operation. The first commercial implementation of the new system is scheduled for the second half of 2024.

(Press release/RAN)