Chart Industries and ZEV Station Execute MoU for Hydrogen Equipment for Novel Multimodal Stations
March 15 2023 - 7:00AM
Chart Industries, Inc. (NYSE: GTLS) (“Chart”), and ZEV Stations,
Co. (“ZEV Station”), executed a Memorandum of Understanding (“MoU”)
enabling the two companies to collaborate on novel deployment for
US-based, multimodal hydrogen stations with Chart equipment.
Working together, the companies’ goal is development of fast-fuel
multiple modes for heavy-duty transportation at the same station,
uniting different standards of gaseous and liquid hydrogen vehicle
fueling using high flow and efficiency liquid pumping.
Chart is a leading global engineering design and
manufacturer of highly engineered equipment in multiple
applications for the clean energy and industrial gas markets. ZEV
Station is an environmentally focused B-Corporation committed to
developing zero-carbon based fueling – EV charging & Hydrogen –
serving both types of zero emission vehicles at the same station.
Under this agreement, Chart will supply liquid hydrogen fuel
station equipment and hydrogen liquefaction, to support ZEV
Station’s multimodal hydrogen stations. This type of station will
service hydrogen vehicles up to Class 8 heavy-duty trucks using
Chart’s liquid-based equipment enabling at least 8 kg per minute
fills.
ZEV Station will achieve the highest value for
its production and station operations in the United States through
Chart’s domestic manufacturing. It will also leverage almost 60
years of Chart experience in manufacturing hydrogen equipment,
including fuel station components. Next steps beyond this agreement
include further station co-development and Chart equipment orders
in 2023 and 2024.
“Chart’s cutting-edge hydrogen equipment is a
great complement to ZEV Station’s novel system integration. Chart’s
liquid technology enables fast fueling like diesel through a range
of gaseous and liquid protocols,” said Jesse Schneider, ZEV
Station’s CEO/CTO. “We believe multimodal stations are needed to
help converge the standards of heavy-duty hydrogen fueling. This
will drive a more widespread fuel cell truck deployment and
accelerate the transition away from fossil fuels.”
“ZEV Station has an innovative approach to
scaling heavy-duty highway stations for higher vehicle throughput
than today’s stations,” stated Jill Evanko, Chart’s CEO and
President. “This MoU brings Chart’s extensive technology and
equipment to the project. We look forward to supporting ZEV
Station’s endeavors to deliver the fastest fueling options to the
hydrogen vehicle market.”
About Chart Industries,
Inc.
Chart Industries, Inc. is a leading independent
global manufacturer of highly engineered equipment servicing
multiple applications in the Energy and Industrial Gas markets. Our
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
manufacturing locations from the United States to China, 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.
About ZEV Station
Co
ZEV Station, with main offices in Palm Springs
California, is on a mission to remove the vehicle from the carbon
equation™ with ultra-fast, carbon-free fueling for all Zero
Emission Vehicles (ZEVs) off the highway. Their core belief is that
charging will replace gasoline and hydrogen will replace diesel. To
drive this conversion, ZEV Station is combining fast electric
vehicle charging with high throughput hydrogen stations. ZEV
Station currently has an EV Class 6 ZEV fleet with FedEx ISPs with
DC Fast Chargers. Their goal is to bridge the gap between two
transportation megatrend-- electric and hydrogen for heavy duty
transport -- by leveraging renewable hydrogen at scale. To learn
more, visit www.zev-station.com
Contacts:
Chart Industries, Inc.John
WalshVP, Investor
Relations1-770-721-8899john.walsh@chartindustries.com
ZEV Stations CoLani Jordan(760)
699 7359admin@zev-station.com
FORWARD-LOOKING STATEMENTS
Certain statements made in this release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements concerning Chart’s business plans,
including statements regarding objectives, future orders, revenues,
business trends, water treatment and clean energy market size and
growth opportunities, and other information that is not historical
in nature. Forward-looking statements may be identified by
terminology such as "may," "will," "should," "could," "expects,"
"anticipates," "believes," "projects," "forecasts," “outlook,”
“guidance,” "continue," “target,” or the negative of such terms or
comparable terminology.
Forward-looking statements contained in this s
release or in other statements made by Chart are made based on
management's expectations and beliefs concerning future events
impacting Chart and are subject to uncertainties and factors
relating to Chart's operations and business environment, all of
which are difficult to predict and many of which are beyond Chart's
control, that could cause Chart's actual results to differ
materially from those matters expressed or implied by
forward-looking statements. Factors that could cause Chart’s actual
results to differ materially from those described in the
forward-looking statements include: slower than anticipated
growth and market acceptance of hydrogen and other new clean energy
product offerings; inability to effectively reduce carbon emissions
from industrial sources globally at anticipated costs and energy
outputs; inability to achieve expected pricing increases or
continued volatility in raw materials and supply and the other
factors discussed in Item 1A (Risk Factors) in Chart’s most recent
Annual Report on Form 10-K filed with the SEC, which should be
reviewed carefully. Chart undertakes no obligation to update or
revise any forward-looking statement.
For more information, click here:
http://ir.chartindustries.com/
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/e05ae9b6-4a17-431f-ab15-6616d5111772.
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