Collaboration will Meet Growing Liquid
Hydrogen Demand for Clean Energy Transition
TITUSVILLE, Fla. and ATLANTA, March 8,
2023 /PRNewswire/ -- GenH2, an industry leader in
hydrogen infrastructure solutions, and Chart Industries (NYSE:
GTLS) ("Chart"), a leading global engineering design and
manufacturer of highly engineered equipment servicing multiple
applications in the clean energy and industrial gas markets, have
formed a strategic partnership to jointly market and distribute
small-scale hydrogen liquefaction technologies globally. Included
in the agreement are collaboration on global sales and marketing
opportunities, equipment manufacturing and supply, and the
deployment of GenH2's 1,000 kg/day hydrogen liquefier.
Demand for distributed hydrogen infrastructure has grown
significantly and the supply of liquid hydrogen remains low or
non-existent in some geographies. GenH2's 1000 Kg/day solution will
allow for the deployment of a scalable, modular distributed
infrastructure that breaks geographic constraints.
According to the details of the MOU, GenH2 will incorporate
Chart equipment into their liquefaction systems, inclusive of
storage, heat exchangers, and other key components. In addition to
its global footprint, Chart also has 60 years of experience
manufacturing hydrogen equipment that leads the industry in
performance and quality. "In a market where supply chain concerns
are rampant, this strategic partnership will allow us to meet our
growing order list," said Greg
Gosnell, President and CEO of GenH2.
The GenH2 flagship 1 TPD liquefaction system offers 1,000 kg/day
of pure para hydrogen using technology that is optimized for
performance and efficiency. The small footprint of the system was
intended to be deployed at the point of demand, providing the user
with flexibility and control over their energy source. This
partners well as a complement to Chart's larger H2 liquefaction
capabilities and allows Chart to focus on expanding larger-scale
solutions and GenH2 to focus on small, distributed liquefaction
systems.
Additionally, the two companies will collaborate to continue to
develop industry relationships across the full hydrogen value chain
as well as pursue new customers where opportunities exist. Gosnell
added, "Our new partnership with Chart will allow GenH2 to
accelerate its market expansion plans into new territories. "
"Partnering with GenH2 on technology and equipment is a positive
for the industry in furthering hydrogen liquefaction options of all
scales and for a variety of applications," stated Jill Evanko, Chart's CEO. "We are excited
to collaborate with GenH2 to bring these innovative solutions to
market in a safe and efficient manner."
The agreement follows GenH2's recent introduction of its GenH2
LS20 Mobile Liquid Hydrogen System, an end-to-end liquefication
system that functions both as a stationary unit, or on a trailer
for mobile use. As a complete system, the LS20 can liquefy,
store, and dispense liquid hydrogen.
For more information, please visit www.DiscoverHydrogen.com.
About GenH2
GenH2 is a technology leader in hydrogen infrastructure
systems for advanced clean energy. GenH2 solutions will allow for
safe liquefaction, storage, and distribution of liquid hydrogen.
The company will focus on mass-producing light-scale equipment to
speed infrastructure buildout and make hydrogen accessible for
everyday use around the globe. The Titusville, Florida-headquartered technology
team includes former NASA researchers and developers who possess
decades of experience researching, engineering, and building
hydrogen solutions. Learn more about GenH2
at www.DiscoverHydrogen.com
About Chart Industries
Chart Industries (NYSE: GTLS) is a leading global manufacturer
of highly engineered equipment servicing multiple applications in
the clean energy and industrial gas markets. The company's unique
product portfolio is used in every phase of the liquid gas supply
chain, including upfront engineering, service and repair. Being at
the forefront of the clean energy transition, Chart is a leading
provider of technology, equipment and services related to liquefied
natural gas, hydrogen, biogas and CO2 Capture amongst other
applications. We are committed to excellence in environmental,
social and corporate governance (ESG) issues both for our company
as well as our customers. With over 25 global locations from
the United States to Asia, Australia, India, Europe
and South America, we maintain
accountability and transparency to our team members, suppliers,
customers and communities. To learn more,
visit www.ChartIndustries.com.
Safe Harbor Statement
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements include, but are not limited to, our
expectations regarding the demand for liquid hydrogen, our ability
to meet that demand, and our plans for expansion. These
forward-looking statements are based on our current expectations,
assumptions, estimates and projections about our business and the
industry in which we operate, and involve known and unknown risks,
uncertainties and other factors that may cause our actual results
to be materially different from any future results expressed or
implied by these statements. Factors that could cause actual
results to differ materially from our expectations include, but are
not limited to, changes in demand for liquid hydrogen, competition
in the industry, and slower than anticipated growth and market
acceptance of these technologies and solutions or unanticipated
challenges with the timing or technical specifications underlying
the development of the technologies and solutions. We undertake no
obligation to update any forward-looking statements to reflect
events or circumstances after the date they were made, except as
required by applicable law.
Media Contact:
Melissa Perlman
BlueIvy Communications
561-310-9921
GenH2@blueivy.co
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SOURCE GenH2