Worthington Industries introduces ThermaGuard™ hydrogen cylinders, a new solution for transporting and storing high-pressur...
February 03 2021 - 9:15AM
Worthington Industries, Inc. (NYSE:WOR) today announced the release
of ThermaGuard™ hydrogen cylinders, a new product optimized to meet
the unique needs of hydrogen fuel. Meticulously developed using
Worthington’s aerospace-grade standards, ThermaGuard hydrogen
cylinders are proven to be a more efficient means of transporting
and storing high-pressure hydrogen gas.
“Today is an exciting day as we introduce ThermaGuard hydrogen
cylinders to the market,” said John H. McConnell II, director of
North American High-Pressure Cylinders for Worthington Industries.
“Our extensive cross-market experience and research and development
of high-pressure composite cylinders has led to a product that
enables our customers to extend capacity for hydrogen fuel
transportation with faster filling, longer cylinder life and lower
equipment and fuel costs. These cylinders will provide sustainable
vehicle powertrain and infrastructure developers new opportunities
to unlock savings within the hydrogen supply chain.”
ThermaGuard hydrogen cylinders are developed with advanced
composite materials and are warranted for their service life at 250
degrees Fahrenheit (121 C) operating temperature. This eliminates
the need for hydrogen pre-chilling, and cylinder replacement is not
necessary when chilling equipment malfunctions or otherwise goes
out of calibration. Older composite cylinder designs are limited to
operating temperatures of 185 degrees Fahrenheit (85 C), requiring
hydrogen to be pre-chilled to protect cylinders from overheating.
Chilling hydrogen is expensive and slows the filling process.
ThermaGuard cylinders will help fuel cell and hydrogen
powertrain developers and hydrogen refueling stations with:
- Faster filling: ThermaGuard hydrogen cylinders
make faster filling a reality by using aerospace-grade composite
materials that have a higher temperature rating and an aluminum
liner to prevent significant cylinder temperature increases.
Without hydrogen pre-chilling, heavy duty vehicles, like Class 8
trucks and transit buses equipped with ThermaGuard hydrogen
cylinders, can be filled in 10-15 minutes versus 25-45
minutes.
- Reduced fuel costs: Hydrogen pre-chilling
increases the dispensed cost of hydrogen by $0.22 – $2.00 per
kilogram depending on the filling parameters. ThermaGuard hydrogen
cylinders can eliminate this extra operating cost.
- Reduced capital expenditure: Hydrogen chilling
equipment can have a capital cost of $250,000 – $500,000
depending on the fill station operating parameters. ThermaGuard
hydrogen cylinders eliminate these capital expenses.
- Reduced range anxiety: ThermaGuard hydrogen
cylinders can meet or exceed SAE J2601 objectives for completeness
of fill, without hydrogen pre-chilling.
- Extended life cylinders: Chilling equipment
and temperature sensors are prone to failure and are difficult to
keep running continuously. Should chilling equipment fail,
ThermaGuard hydrogen cylinders do not need replaced after being
exposed to high temperatures. ThermaGuard hydrogen cylinders have
passed 10,000-cycle fill and vent testing.
ThermaGuard hydrogen cylinders are designed to capture, contain
and use hydrogen with service pressures ranging from 248–700 bar
(3,600–10,150 psi) for usage as motor vehicle fuel containers and
in mobile pipeline applications for zero-emission and sustainable
mobility solutions.
About Worthington IndustriesWorthington
Industries (NYSE:WOR) is a leading industrial manufacturing company
delivering innovative solutions to customers that span many
industries including transportation, construction, industrial,
agriculture, retail and energy. Worthington is North America’s
premier value-added steel processor and producer of laser welded
products; and a leading global supplier of pressure cylinders and
accessories for applications such as fuel storage, water systems,
outdoor living, tools and celebrations. The Company’s brands,
primarily sold in retail stores, include Coleman®, Bernzomatic®,
Balloon Time®, Mag Torch®, Well-X-Trol®, General®, Garden-Weasel®,
Pactool International® and Hawkeye™. Worthington’s WAVE joint
venture with Armstrong is the North American leader in innovative
ceiling solutions.
Headquartered in Columbus, Ohio, Worthington operates 51
facilities in 15 states and seven countries, sells into over 90
countries and employs approximately 7,500 people. Founded in 1955,
the Company follows a people-first philosophy with earning money
for its shareholders as its first corporate goal. Relentlessly
finding new ways to drive progress and practicing a shared
commitment to transformation, Worthington makes better solutions
possible for customers, employees, shareholders and
communities.
Safe Harbor StatementThe Company wishes to take
advantage of the Safe Harbor provisions included in the Private
Securities Litigation Reform Act of 1995 (the “Act"). Statements by
the Company relating to its ability to increase market
participation, expand and integrate capacity, increase efficiencies
and reduce lead time, achieve growth in general and in specific
markets, and other statements which are not historical information
constitute "forward looking statements" within the meaning of the
Act. All forward-looking statements are subject to risks and
uncertainties which could cause actual results to differ from those
projected. Factors that could cause actual results to differ
materially include risks described from time to time in the
Company's filings with the Securities and Exchange Commission,
including those related to COVID-19 and the various actions taken
in connection therewith, which could also heighten other risks.
SONYA L. HIGGINBOTHAMVP, CORPORATE
COMMUNICATIONS AND BRAND
MANAGEMENT614.438.7391 | sonya.higginbotham@worthingtonindustries.com
MARCUS A. ROGIERTREASURER AND
INVESTOR RELATIONS OFFICER614.840.4663 |
marcus.rogier@worthingtonindustries.com
200 Old Wilson Bridge Rd. | Columbus, Ohio 43085WorthingtonIndustries.com
Worthington Enterprises (NYSE:WOR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Worthington Enterprises (NYSE:WOR)
Historical Stock Chart
From Jul 2023 to Jul 2024