Hydrogenics: €15 Million Power-to-Gas Project
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MISSISSAUGA, Ontario - Hydrogenics Corporation (HYGS) (HYG.TO) (“Hydrogenics” or the “Company”), a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, announced that it has been selected to join a consortium of European companies, including Air Liquide, for a €15 million Power-to-Gas demonstration project in Denmark named HyBalance. The budget of the project is more than €15 million and is supported by the European Fuel Cells and Hydrogen Joint Undertaking as well as the Danish ForskEL program, administered by Energinet.dk.
The HyBalance project will validate the highly dynamic PEM electrolysis technology and innovative hydrogen delivery processes involved but also demonstrate these in a real industrial environment by applying the latest hydrogen production and delivery equipment. The HyBalance setting is unique in demonstrating the multiple applications of Power-to-Gas technologies, including how hydrogen can be used in multiple high value markets such as industry and clean transportation, and the project will provide business models for these applications.
The EU has made a commitment to a forward-looking climate policy to decarbonize the economy and promote energy security. Until recently, the focus has been on renewable generation and conservation; now the mandate has been broadened to include all energy sectors. However, decarbonizing the transport and industrial energy sectors is more challenging due to the limitations of biomass sources. Power-to-Gas applications provide the means to convert renewable electricity into hydrogen and, in so doing, supply an abundant source of renewable fuel for transportation and industrial applications.
Hydrogenics’ PEM electrolysis technology will be deployed at the project site in Hobro, Denmark to produce hydrogen from excess wind-generated energy; the 1MW PEM electrolyzer will also enable grid balancing services. The hydrogen will then be stored and transported either by pipeline for industrial applications or by advanced, high pressure trailers and used in fueling applications in Denmark.
Hydrogenics CEO, Daryl Wilson, stated, “We are thrilled to bring our world-leading PEM electrolysis technology to this important project. HyBalance will provide a unique opportunity to help the EU achieve its goals to reduce fossil fuel dependency, while still meeting demand for total renewable electricity. This plant will be designed to provide both grid balancing services and hydrogen for industry and transport. We are pleased to work with such world-class partners and in the country of Denmark, where decentralized, clean renewable electricity is a normal way of life.”
In Europe, Hydrogenics has deployed Power-to-Gas systems capable of storing over 100 MW-hours of energy every day.
Hydrogenics equipment will be built and delivered in 2016, with start of operations for HyBalance expected in late 2017.
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.