Chart Industries has signed a Memorandum of Understanding (MoU) with Matrix Service Company for the development of standardised hydrogen solutions, such as hydrogen liquefaction plants, fuelling stations and other hydrogen related facilities in North America.
Through the agreement, both parties will work to provide cost competitive and scalable ways to increase hydrogen as a key part of the clean energy transition, drawing on their respective expertise in technology and Engineering, Procurement, Fabrication, and Construction (EPFC) in cryogenic storage tanks and terminals.
The MoU further builds upon the hydrogen strategy of both companies to continue to expand commercial agreements, relationships and geographic diversity thereby utilising Chart’s hydrogen equipment and liquefaction offerings by the producers and end users of hydrogen.
Commenting on the agreement, Jill Evanko, Chart’s CEO and President, said, “The combination of Chart equipment and process with the expertise Matrix brings in process integration, design, fabrication, construction and installation to create a unique and cost-effective solution for the North American hydrogen market, in particular for customers wanting a standardised solution.”
“Matrix also brings access to larger scale commercial opportunities for Chart equipment in North America,” she added.
The agreement follows a very successful year in hydrogen for the Chart with hydrogen equipment orders over $38m, 60% of which were received in the fourth quarter. With 164 customers working with the US company to serve their hydrogen equipment needs, the new collaboration with Matrix will be another way for Chart customers to achieve their small-scale hydrogen requirements.
“After years of working on LNG and other cryogenic projects with Chart, expanding our relationship to support the evolution and ongoing work we do in hydrogen is a natural next step as energy companies look to Matrix for infrastructure solutions that support their strategic transition to clean energy products and services,” said John Hewitt, Matrix CEO and President.
“We look forward to continuing to drive customer value and collaborating with Chart to improving the cost competitiveness of hydrogen as a clean energy fuel choice.”
When executing under the MoU, Chart and Matrix will provide design, equipment and installation. Chart’s included standard hydrogen offering in the MoU ranges from liquefaction process and equipment to storage vessels to truck loading to vacuum insulated piping, and plant controls while Matrix provides process integration and facility design, as well as all the installation including storage spheres, site civil work, mechanical equipment, piping systems, electrical power, control, substation and distribution.