Hydrogenics to Deliver World’s Largest Hydrogen Electrolysis Plant
Air Liquide Selects Company for 20MW Installation
MISSISSAUGA, Ontario, Feb. 25, 2019 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (NASDAQ: HYGS; TSX: HYG) (the “Company” or “Hydrogenics”), a leading developer and manufacturer of hydrogen generation and hydrogen fuel cell modules, today announced that it has received an award by Air Liquide Canada (“Air Liquide”) to design, build and install a 20 megawatt electrolyzer system for a hydrogen production facility located in Canada. The facility is expected to be in commercial operation by the end of 2020, with an output of just under 3,000 tons of hydrogen annually. The 20MW plant will use Hydrogenics’ advanced large-scale PEM electrolysis technology, offering the smallest footprint and highest power density in the industry. With best-in-class efficiency and cost-effectiveness, Hydrogenics has established itself as the market leader for multi-megawatt PEM electrolyzers to global customers, including Air Liquide. Both companies continue to see growing interest and opportunities for the deployment of large-scale electrolysis across the globe.
“We are very pleased to have been selected by Air Liquide for this large-scale deployment of our world-leading PEM electrolysis technology,” said Daryl Wilson, Hydrogenics’ President and CEO. “With over 500 active electrolyzers currently in operation globally, we continue to maintain a strong leadership position in the industry. Hydrogenics was the first-to-market with scalable PEM electrolysis, and this order builds upon recent successes and milestones – including the commissioning, in 2018, of North America’s first megawatt-scale Power-to-Gas facility. We’re excited to support Air Liquide’s hydrogen needs in Canada, particularly in a renewable hydrogen application utilizing hydroelectric power.”
About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Headquartered in Mississauga, Ontario, Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world. Hydrogenics has manufacturing sites, offices, engineering and service professionals in Germany, Belgium and Canada and service centers in Russia, Europe, the US and Canada.
For further information, contact:
Marc Beisheim
Chief Financial Officer
(905) 361-3660
investors@hydrogenics.com
Chris Witty
Hydrogenics Investor Relations
(646) 438-9385
cwitty@darrowir.com
