FALKENHAGEN, Germany, Aug. 29, 2013 (GLOBE NEWSWIRE) -- Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG) ("Hydrogenics" or "the Company"), a leading developer and manufacturer of hydrogen generation and hydrogen-based power modules, today announced that, on August 28, 2013, E.ON inaugurated commercial operations at its Power-to-Gas (P2G) facility in Falkenhagen, Germany. The plant uses wind power and Hydrogenics' electrolysis equipment to transform water into hydrogen, which is then injected into the existing regional natural gas transmission system. The hydrogen, as part of the natural gas mix, can be used in a variety of applications including space heating, industrial processes, mobility, and power generation. The facility, which has a capacity of two megawatts, produces 360 cubic meters of hydrogen per hour.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=20716
"This project makes E.ON one of the first companies to demonstrate that surplus energy can be stored in the gas pipeline system in order to help balance supply against demand," said Dr. Ingo Luge, CEO of E.ON Deutschland. "This method of energy storage is considered a key technology for the transformation of Germany's energy system. It will reduce the need to take wind turbines offline when the local grid is congested and will therefore enable us to harness more wind power."Swissgas, which represents over 100 local natural gas utilities, is a partner in the project with a 20 percent capital stake and an agreement to purchase a portion of the gas produced. Dr. Heinrich Schwendener, a member of the organization's Board of Management, stated, "Swissgas' involvement demonstrates the significant value of Switzerland's gas infrastructure, which enables us to transport and store regenerative energy across national boundaries."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $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
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV