By Giulia Petroni

ABB Ltd. said Wednesday that it signed a memorandum of understanding with Hydrogene de France to manufacture a fuel-cell power plant for marine vessels.

The system will be jointly developed by ABB and Ballard Power Systems Inc. It will be manufactured at HDF's facility in Bordeaux, France, the Swiss engineering company said.

"Fuel cells turn the chemical energy from hydrogen into electricity through an electrochemical reaction," according to ABB. "With the use of renewables to produce the hydrogen, the entire energy chain can be clean."

The company didn't release any financial details in regards to the project.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

April 08, 2020 08:42 ET (12:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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