Hydrogenics Corporation (TSX:HYG, NASDAQ:HYGS), a developer and manufacturer of hydrogen and fuel cell systems, has received orders to supply electrolysis-based hydrogen generator plants to two of China’s largest energy companies.
China Electric Power Energy Group and China National Power have each purchased a HySTAT-A Hydrogen Plant, capable of producing 10 Nm3/h of high purity hydrogen at a pressure of 25 bar. In both cases, the hydrogen produced will be used to cool the generators in a coal-fired power plant. Delivery of both orders is expected to take place in 2006.
“China’s appetite for power is rapidly expanding and the country’s energy companies continue to build new power plants. This is a growing market today for our world-leading onsite hydrogen products,” said Pierre Rivard, Hydrogenics President and Chief Executive Officer. “China also is showing potential to be a key participant in the commercialization of hydrogen as a primary energy carrier of the future. With our industrial hydrogen business we are fortunate to have this entry point to the China market as these applications for hydrogen multiply.”
Hydrogenics was awarded the contacts after a rigorous public bidding process that focused heavily on safety and reliability. China Electric Power Energy Group and China National Power have both purchased hydrogen generators from Hydrogenics in the past. Over the past four years, Hydrogenics has sold 12 hydrogen generators to Chinese energy companies.
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