FuelCell, Malaysia Marine eye green hydrogen production in Asia Pac
SUMMARY
The companies plan to tackle most significant challenges in the production of green hydrogen, namely the cost of input electricity and the production facility's capital cost.
By Shardul SharmaPOSTED IN:
Nasdaq-listed FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE) have signed a memorandum of understanding to collaborate on developing large-scale electrolyzer facilities in Asia, New Zealand and Australia, the companies said on February 16 in a joint statement.
The collaboration aims to address the two most significant challenges in the production of green hydrogen, namely the cost of input electricity and the production facility's capital cost.
Due to its efficiency in producing hydrogen, FuelCell Energy’s solid oxide technology requires less energy input compared to lower efficiency and low-temperature electrolysis. On the other hand, MHB's ability to modularise and build at scale is expected to reduce the total capital cost for large-scale electrolyzer projects.
“These facilities are being designed to dramatically increase the efficiency and reduce the cost of green hydrogen production. Together, the companies expect to deliver electrolyzer equipment to make large-scale clean hydrogen production an easily accessible and viable energy option,” they said.
