Hydrogenics Awarded 2.4 MW Power-to-Gas Plant in Germany
March 22 2017 - 6:30AM
Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG), a
leading developer and manufacturer of hydrogen generation and
hydrogen-based power modules, today announced that it has entered
into an agreement with Wind to Gas Südermarsch GmbH & Co. KG in
Germany to deliver a 2.4 megawatt PEM Power-to-Gas system for
hydrogen production. Located in Brunsbüttel, Germany, the
installation will use Hydrogenics’ electrolysis technology to
directly convert excess wind energy into hydrogen. The hydrogen
will then be fed into the local natural gas pipeline, helping to
reduce the region’s carbon footprint. Incentives for wind energy
that cannot be fed into the grid will be phased out in the coming
years; therefore wind investors are looking for innovative
long-term solutions. The Südermarsch plant is expected to be up and
running this year; additional terms were not disclosed.
“We are excited to work with Hydrogenics using
wind power to create renewable hydrogen,” stated Tim Brandt,
Project Manager of Wind to Gas Südermarsch. “Hydrogenics not only
offered a compelling technological solution but also unmatched
experience – underscored by over 500 reference sites in the past 20
years.”
“Entering this important partnership will bring
our world-leading PEM electrolysis technology to the Südermarsch
operation,” added Daryl Wilson, President & CEO of Hydrogenics.
“This 2.4 megawatt facility will greatly help reduce emissions
through the use of renewable hydrogen. With over 20 megawatts of
energy storage plants commissioned or being built around the globe,
Hydrogenics is clearly leading the Power-to-Gas market.”
About HydrogenicsHydrogenics
Corporation is a world leader in engineering and building the
technologies required to enable the acceleration of a global power
shift. Headquartered in Mississauga, Ontario, Hydrogenics provides
hydrogen generation, energy storage and hydrogen power modules to
its customers and partners around the world. Hydrogenics has
manufacturing sites in Germany, Belgium and Canada and service
centers in Russia, China, India, Europe, the US and Canada.
Company Contacts:
Chris Witty
Hydrogenics Investor Relations
646-438-9385
cwitty@darrowir.com
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