Hydrogenics Wins Hydrogen Storage System Award For Renewable Electricity Linked To Refueling Facility In Europe
MISSISSAUGA, Ontario, Dec. 10, 2012 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that it, together with eight other partners, has won a major energy storage R&D and demonstration project in Europe. Called "Don Quichote," the project includes a financial contribution of 2.86 million Euros by the European Commission, under the auspices of the Fuel Cells and Hydrogen Joint Undertaking (FCH JU), and will take five years to complete.
The core innovation of the Don Quichote project will consist of combining a 350 bar electrochemical compressor, a 30Nm3 PEM electrolyzer system, and a 90 kW fuel cell system to demonstrate the technical and economical viability of an integrated hydrogen storage system for renewable electricity linked to a hydrogen refueling facility. The consortium will design, build, deploy and operate the system at the Colruyt site near Brussels to double the capacity of the existing 350 bar fueling station to 130 kilograms per day and install a fuel cell system for electricity demand leveling.
This project seeks to increase renewable-based electricity, grid balancing, sustainable mobility and the use of clean hydrogen. It aims to demonstrate and validate system-level technology readiness while maintaining a high safety level and generate further data for the expansion of renewable electricity and hydrogen-fueled, sustainable mobility."All consortium partners are delighted to be a part of this important energy storage and fueling project, which further substantiates the enabling position of hydrogen for renewable energy integration," said Daryl Wilson, Hydrogenics' President and Chief Executive Officer. "The importance that the EU places on hydrogen technology – which holds the key to solving utility-scale energy storage and transport issues of today and tomorrow – is very gratifying. The innovative technologies at the core of the Don Quichote project are well placed to enable greater renewable power generation around the globe."
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