MISSISSAUGA, Ontario, June 14, 2013 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG) a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that the largest Power to Gas facility in the world went "live" this week with the first direct injection of hydrogen into a gas pipeline using Hydrogenics technology.
Last year, Hydrogenics received an order from E.ON for a "Power-to-Gas" project in Germany. The two megawatt energy storage facility, located in Falkenhagen in northeast Germany, uses surplus renewable energy sources to produce hydrogen for storage in the country's existing natural gas pipeline network. The facility, delivered at the end of 2012 and commissioned over the first quarter of 2013 has passed all tests and all required permits and certifications have now been granted for the operation of this facility. Dr. Urban Keussen, Senior Vice President Technology & Innovation of E.ON, witnessed the milestone event this week.
This Power to Gas facility, converts renewable generation when it is not needed into renewable power, fuel or heat where and when it is needed. With this facility now in full operation E.ON Gas Storage is feeding 640 m 3 per hour into the local natural gas grid (ONTRAS).For Hydrogenics this has been a turnkey Power to Gas project which included supply, installation, connection and commissioning of the hydrogen production facility including gas compression, master controls, as well as a five year service and maintenance agreement. About Energy Storage in Germany Germany is a key energy storage player in Europe thanks to its leading position in terms of installed capacity of fluctuating renewables. In 2011, generation from renewable sources in Germany accounted for 20 percent of total electricity generation. If Germany is to meet its ambitious goals of getting a third of its electricity from renewable energy by 2020, at least 50 percent by 2030 and 80 percent by 2050, it must find a way to store huge quantities of electricity in order to make up for the intermittency of renewable energy. The intermittency of wind and solar will make it almost impossible for German electric utilities to provide clean, affordable, and reliable power to industry and consumers, at the high levels of penetration by intermittent renewables that Germany is trying to achieve. Utility-scale energy storage will be a key part of this future German energy plan. According to the German Energy Agency (DENA), investments in the two-digit billion range will be required if Germany intends to meet its stated objective of getting a third of its electricity consumption from renewable resources in 2020.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV