Plug Power Announces Partnership with Chung-Hsin Electric and Machinery Manufacturing Corporation (CHEM)
April 16 2019 - 7:00AM
Plug Power Inc. (NASDAQ:PLUG), a leading provider of hydrogen
engines and fueling solutions enabling e-mobility, today
announced a partnership with CHEM, a leading Taiwanese manufacturer
of electric solutions including motors, generators, switchgear,
hydrogen generation and stationary fuel cell power systems. Plug
Power has begun fulfilling orders for its proprietary 5kW ProGen
hydrogen engines to CHEM, which are integrated into CHEM’s next-gen
stationary power products for grid support and backup power
applications.
The ProGen hydrogen engine provided to CHEM, is an integrated
fuel cell system that includes the fuel cell stack, power
conversion, and controls in a single, pre-engineered OEM module.
CHEM’s system integrates the ProGen engine with their innovative
methanol reformer technology to enable on-demand power creation in
a turn-key product. The CHEM reformer technology enables cost
effective on-site power generation solutions to its core customer
base in weak and off grid areas. The CHEM stationary power systems
are targeted for use primarily in Asia, Africa, and India where
reliable power is critical for a variety of communications and
village power applications.
“CHEM is the undisputed leader in fuel reformer technology for
stationary fuel cell power solutions, and by integrating our ProGen
module, CHEM will have the ability to provide clean, stable backup
power solutions in emerging markets where the electric grid is less
robust,” said Andy Marsh, CEO of Plug Power. “This partnership
opens up new markets and geography for us. Beyond e-mobility
applications, we’re continuing to develop solutions for stationary
power applications, ensuring reliable next-gen stationary power to
people across the globe.”
“CHEM’s partnership with Plug Power to supply its ProGen engine
into our ME2 methanol fuel cell system enables lower product cost
and improved performance to compete directly with diesel generators
in telecommunications and rural electrification applications,” said
Hal Koyama, CEO of H2 PowerTech, LLC a CHEM Group company. “This
announcement is the first step in CHEM’s partnership with Plug
Power, combining the technical synergies and product leadership of
both companies to provide reliable, sustainable backup and primary
power solutions to the large and growing markets for telecom and
rural village power.”
The uninterruptible power supply (UPS) market is expected to
grow to over $13 billion by 2025, according to Market Research
Engine, and Plug Power will continue to directly serve the backup
power market for communications and other applications through
direct sales of its GenSure product line, in addition to the new
partnership with CHEM.
About Plug Power Inc. The architect of modern
hydrogen and fuel cell technology, Plug Power is the innovator that
has taken hydrogen and fuel cell technology from concept to
commercialization. Plug Power has revolutionized the material
handling industry with its full-service GenKey solution, which is
designed to increase productivity, lower operating costs and reduce
carbon footprints in a reliable, cost-effective way. The Company’s
GenKey solution couples together all the necessary elements to
power, fuel and serve a customer. With proven hydrogen and fuel
cell products, Plug Power replaces lead acid batteries to power
electric industrial vehicles, such as the lift trucks customers use
in their distribution centers. Extending its reach into the on-road
electric vehicle market, Plug Power’s ProGen platform of modular
fuel cell engines empowers OEMs and system integrators to rapidly
adopt hydrogen fuel cell technology. ProGen engines are proven
today, with thousands in service, supporting some of the most
rugged operations in the world. Plug Power is the partner that
customers trust to take their businesses into the future.
www.plugpower.com.
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SOURCE: PLUG POWER
Media Contact Kate GundryPluck
617.797.5174plugpower@pluckpr.com
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