ABB to Produce Power Plant for Marine Vessels
April 08 2020 - 8:57AM
Dow Jones News
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.
ABB (NYSE:ABB)
Historical Stock Chart
From Aug 2024 to Sep 2024
ABB (NYSE:ABB)
Historical Stock Chart
From Sep 2023 to Sep 2024