Chart and FuelCell Energy sign MoU based on hydrogen technology development and decarbonisation
FuelCell Energy and Chart Industries have signed a Memorandum of Understanding (MoU) to collaborate on decarbonisation and hydrogen technologies.
Under the MoU, the two companies will develop opportunities to combine complementary strengths in delivering reliable and efficient carbon dioxide (CO2) capture for use or sequestration, and generation and storage of gaseous or liquefied hydrogen.
FuelCell Energy will bring its expertise in manufacturing two high-temperature electrochemical fuel cell energy platforms for decarbonising power and producing hydrogen.
Chart will utilise its experience in the manufacturing of highly engineered equipment in the Nexus of Clean, including CO2 and hydrogen compression and liquefaction, and equipment for the entire supply chains of both molecules.
Jason Few, CEO of FuelCell Energy, said, “We believe the combination of Chart and FuelCell Energy technology will holistically address customer needs for hydrogen and CO2 liquefaction, compression, storage, beverage-grade CO2, and transport.
“For example, in the food and beverage industry where access to beverage-grade CO2 is critical for operations but often in short supply, we believe our combined strengths will help the sector with consistent pricing, availability and quality.”
Jillian Evanko, CEO of Chart Industries, added, “FuelCell Energy’s technology strength in hydrogen production and carbon capture is not only a key opportunity in the marketplace but also aligned with the values and sustainability goals we hold at Chart.
“There is a strong opportunity to collaborate on our technologies while helping customers to impact how carbon dioxide is utilized, stored, or sequestered and enabling the safe and reliable distribution and use of hydrogen, a vital fuel for the energy transition.”
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