Plug power Inc. has signed a cooperative memorandum of understanding (MOU) with Zhangjiagang Furui Special Equipment Co., LTD (Furui), along with a leading Chinese industrial vehicle manufacturer, also identified as one of the “big three” Chinese automakers, to develop new fuel cell applications and fuelling solutions to be utilised in China’s expanding industrial electric vehicle market.
Under the terms of the agreement, the three companies will collaborate to build electric vehicles equipped with Plug Power designed hybrid fuel cell engine systems and hydrogen (H2) fuelling station solutions.
Plug Power and its partners will form a fuel cell vehicle development project team and utilise their substantial financial and research and development resources for a large scale demonstration project.
Near-term deliverables for the program include two industrial delivery truck prototypes, both using Plug Power’s ProGen fuel cell engines, by March, 2017, with a short term projection for more than 500 vehicles and a fueling station network to be deployed in the Shanxi province over the following year.
”China is projected to be the largest mobile fuel cell market in the world within the next two to three years”
Andy Marsh, Plug Power’s CEO
Based on the acceptance of the first 500 units, the program goal is to deploy 13,500 commercial fuel cell vehicles over three years with a widespread fueling station network.
“China has made H2 and fuel cell vehicles a key component of the country’s Energy Revolution Program, which includes over $100 bn in investment and runs through 2030,” said Andy Marsh, Plug Power’s CEO. “As a result, China is projected to be the largest mobile fuel cell market in the world within the next two to three years. Developing a widespread H2 fueling system across China is critical for successful continuation of the country’s adoption of green-vehicle technology.”