Hydrogenics Awarded Contracts for Fueling Stations in the UK
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Press release date: January 29, 2014
MISSISSAUGA, Ontario – Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that it has been awarded two contracts for fueling stations in the United Kingdom. The first contract includes three HySTAT™ 60 electrolyzers for BOC, a member of The Linde Group (XETRA:LIN), for installation as part of a large fueling station due to be constructed in 2014 for Aberdeen City Council's Kittybrewster depot in Scotland. The three electrolysers will provide up to 400 kg per day of Hydrogen, and the station, part of the Aberdeen Hydrogen Bus Project, will be used for 10 fuel cell buses -- which will be the largest such fleet in Europe.
The second contract, also with BOC, calls for a HySTAT™30 electrolyzer to be installed as part of a fueling station in Swindon, England for Honda Motor Company (NYSE:HMC). The electrolyzer will provide 65 kg of Hydrogen per day and is expected to be operational during the second half of 2014, as is the Kittybrewster installation.
Daryl Wilson, Hydrogenics' President and CEO said, "These most recent fueling station awards confirm that Hydrogen infrastructure spending is indeed increasing across the globe -- particularly in Europe, Japan, Korea, and California. This should come as no surprise given the plans outlined by a number of leading automotive OEMs to begin selling high-volume fuel cell vehicles between 2015 and 2017, with some models expected out later this calendar year. We see a great deal of growth potential in fueling stations and are uniquely qualified to provide the most reliable and efficient electrolyzers in the industry."
Aberdeen City Council is taking a strategic lead in facilitating the arrival of a Hydrogen economy through: (a) leading the North Sea Region HyTrEc (Hydrogen Transport Economic) project; (2) coordinating the development of a strategy, on behalf of the Scottish Cities Alliance, to enable Scotland to build new infrastructure and support Hydrogen technologies; and (3) leading initiatives for growing Aberdeen's Hydrogen economy.
The Swindon fueling station is the result of a joint public-private partnership between Honda, BOC, and the economic development organization Forward Swindon. The fueling station will utilize solar energy to generate hydrogen and be used for material handling vehicles and light vans at Honda's manufacturing plant.
The Aberdeen Hydrogen Bus Project is being multi-funded through the Scottish Government and Scottish Enterprise along with the European Commission and the UK Technology Strategy Board (TSB). Both the Aberdeen and Swindon projects are tied to a January 2012 initiative of the TSB, co-funded by the Department of Energy and Climate Change (DECC), aimed to encourage UK businesses to develop fuel cells and hydrogen systems to make the case for further investment. Fueling infrastructure is a key requirement to "complete the circle" for Hydrogen-based transportation. These state-of-the-art facilities will create awareness for the need to develop fueling stations throughout the UK and illustrate Hydrogenics' leadership position in this expanding field.
Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.