By Joanna Sampson2018-12-10T08:04:00+00:00
Hydrogen (H2) generation technology specialist Hydrogenics Corporation has been selected to design and supply fuel cell power modules for a new lightweight aircraft.
Under development by a customer that wishes to remain undisclosed for competitive reasons, this electric air mobility vehicle will be used for daily commuting and other applications, revolutionising the way people travel between cities and around the country.
Over the course of 2019 Hydrogenics will develop and supply an ultra-light fuel cell system which will be the main propulsion unit for this aircraft.
Daryl Wilson, President and CEO of Hydrogenics, stated, “We are extremely pleased to have been selected by this innovative organisation in the market for air mobility, where we see growing interest in aircraft applications to solve urban congestion.”
“Hydrogenics has already established a position in the aerospace industry due to our work on the world’s first multi-passenger, all-electric airplane – launched in 2017 – and as a supplier to leading companies such as Airbus and Boeing. We look forward to adapting our proven, heavy-duty fuel cell solutions to this new aircraft.”
Hydrogenics Corporation has entered into an agreement with Halcyon Power – a joint venture of New Zealand-based Tuaropaki Trust and Obayashi Corporation of Japan – to supply a carbon-free hydrogen production facility in New Zealand.
Hydrogenics Corporation has entered into a subscription agreement with the Hydrogen Company, a wholly-owned subsidiary of Air Liquide S.A, to issue 3,537,931 common shares of Hydrogenics to Air Liquide on a private placement basis, for gross proceeds to Hydrogenics of $20.5m.
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