Fuel Cell Energy and Chart Industries collaborate on Hydrogen and Decarbonization Technologies
A Memorandum of Understanding (MoU) has been
signed between FuelCell Energy and Chart Industries to work on developing a
technology of carbonate fuels which can produce electricity while recycling CO2
To meet the evolving customer
needs, FuelCell Energy, a global leader in sustainable clean energy
technologies, has signed a memorandum of Understanding (MoU) with Chart Industries
which is a leader in design, engineering, and manufacturing of process
technologies. The MoU has been signed for supplying reliable and efficient
carbon dioxide (CO2) collection for use or sequestration, as well as reliable
and efficient gaseous or liquid hydrogen production. In order to produce
hydrogen and decarbonize electricity, FuelCell Energy contributes its expertise
in building two high-temperature electrochemical fuel cell energy platforms. On
the other hand, Chart is a top producer of highly engineered equipment for the
Nexus of Clean, which includes CO2 and hydrogen compression and liquefaction as
well as equipment for the entire supply chains of both molecules.
Jason Few, CEO of Fuel Cell
Energy,
stated “Chart brings a wealth of technologies and capabilities to support every
phase of the liquid gas supply chain that are complementary to FuelCell
Energy’s systems. We believe the combination of Chart and FuelCell Energy
technology will holistically address customer needs for hydrogen and CO2
liquefaction, compression, storage, beverage-grade CO2, and transport, For
example, in the food and beverage industry where access to beverage-grade CO2
is critical for operations but often in short supply, we believe our combined
strengths will help the sector with consistent pricing, availability and
quality”
Jillian Evanko, CEO of Chart
Industries,stated
“FuelCell Energy’s technology strength in hydrogen production and carbon
capture is not only a key opportunity in the marketplace but also aligned with
the values and sustainability goals we hold at Chart, there is a strong
opportunity to collaborate on our technologies while helping customers to
impact how carbon dioxide is utilized, stored, or sequestered and enabling the
safe and reliable distribution and use of hydrogen, a vital fuel for the energy
transition
According to TechSci Research, One of the most
significant transformations of the twenty-first century is the electrification
of transportation. Road electrification has increased globally as a result of
various governments' adoption of "green" initiatives. Global sales of
electric vehicles increased by 41% to almost 3 million, increasing the demand
for eco-friendly hydrogen fuel. Hydrogen fuels FCEVs, or fuel cell electric
vehicles. They use less fuel than conventional internal combustion engines and
emit no exhaust pollutants. FCEVs only create warm air and water vapor. Since they don't emit greenhouse gases, hydrogen
fuel cell cars are useful in cutting down on emissions. This is then
anticipated to have a favorable effect on market expansion. Additionally,
hydrogen fuel cell vehicles require less maintenance and operate quietly.
Furthermore, it is projected that supportive government policies, programs, and
grants to promote greener technology will fuel the industry. The infrastructure
for hydrogen fuel cell vehicles must first be developed, which will cost a lot
of money and could slow the market's expansion over the next years.
Additionally, the market's lack of knowledge of these vehicles and the
existence of fewer manufacturers on the market restrain market expansion.