HYDROGENICS TO PROVIDE 1,000 FUEL CELL BUS POWER MODULES TO BLUE-G IN CHINA
Hydrogenics Corporation, developer and manufacturer of hydrogen generation and hydrogen-based power modules, has signed a Purchase and License Agreement for technology and fuel cells with Blue-G New Energy Science and Technology Corporation in China.
Under the agreement, Hydrogenics will deliver 1,000 fuel cell units to Blue-G to be integrated into zero-emission electric buses and an engineering support component for an aggregate sum payable to the Company of more than US$50 million. Delivery of the fuel cells and the associated payments are expected to occur over the next two to three years. Hydrogenics also expects to generate incremental license royalties over a 10-year period.
Hydrogenics’ HyPM-HD mobility power solutions are purpose built for applications from range extension to sole propulsion systems in power outputs of 30 to 180 kW. Introduced in 2014 with the HyPM at its core, Celerity, and its advanced option, CelerityPlus Celerity and CelerityPlus are optimally designed and configured for vehicles requiring a standard engine bay installation. Celerity requires minimal drivetrain engineering while CelerityPlus offers a drop-in solution. Hydrogenics recently also delivered these fuelcells to Scania, for mounting in commercial vehicles.