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Home›Business & Finance›FuelCell Energy and MHB to develop large-scale electrolyzer facilities
Business & Finance

February 16, 2023 · about 3 years ago

FuelCell Energy and MHB to develop large-scale electrolyzer facilities

US-based FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale electrolyzer facilities in Asia, New Z

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FuelCell Energy and MHB to develop large-scale electrolyzer facilities

US-based FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale electrolyzer facilities in Asia, New Zealand, and Australia.

The companies said they expect to deliver electrolyzer equipment to make large-scale clean hydrogen production an easily accessible and viable energy option.

The collaboration also aims to address the challenges in the production of green hydrogen, namely the cost of input electricity and the capital cost of the production facility.

According to the companies, 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, while MHB’s ability to modularise and build at scale is expected to reduce the total capital cost for largescale electrolyzer projects.

To note, green hydrogen is produced by using electricity from renewables to split water through a chemical process called electrolysis.

The companies’ joint solution is expected to produce zero-carbon hydrogen to power hundreds of thousands of homes from each production facility.

Mark Feasel, Chief Commercial Officer of FuelCell Energy, said: “We recently announced that we are accepting orders for our solid oxide electrolyzer platform, the result of 20 years of R&D and testing. This collaboration with MHB is the next significant milestone, as we prepare to offer green hydrogen production for energy at a very large scale and lower cost. We are excited about this collaboration and look forward to working together to help decarbonise the globe.”

Pandai Othman, Managing Director and CEO of MHB, stated: “MHB is committed to accelerate in doing our part to provide cleaner solutions to our clients. In addition to our involvement in carbon capture and storage space, we recognise that hydrogen also increasingly plays an important role in energy transition and decarbonisation.”

“MHB is extremely pleased to be a go-to-market partner to FuelCell Energy to provide a solution in expediting the production of hydrogen-fueled clean energy. This MoU is part of MHB’s deliberate move to build a sustainable portfolio supporting the transition to a low-carbon future through collaboration with technology partners. We are optimistic that both companies will empower global industries in their goals to achieve net-zero emission targets.”

According to FuelCell Energy, its solid oxide electrolyzer is:

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