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Hydrogenics Corp (2)
Symbol HYG
Shares Issued 12,544,960
Close 2017-03-22 C$ 8.55
Market Cap C$ 107,259,408
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Hydrogenics wins electrolyzer contract in Scotland

2017-03-23 07:49 ET - News Release

Mr. Daryl Wilson reports

HYDROGENICS AWARDED CONTRACT TO PROVIDE ELECTROLYZERS TO DOOSAN BABCOCK FOR ABERDEEN EXHIBITION & CONFERENCE CENTRE

Hydrogenics Corp. has been awarded a contract by Doosan Babcock Ltd. to install two of its HySTAT100 electrolyzers, along with compression and storage equipment, at the new Aberdeen Exhibition and Conference Centre (AECC) in Aberdeen, Scotland. The Hydrogenics electrolyzers will convert fluctuating power -- up to one megawatt -- into 20 kilograms of hydrogen per hour, at the highest efficiency possible, complementing the combined heat and power natural gas fuel cell application installed at the AECC. Hydrogenics expects to deliver the electrolyzers in late 2017, providing over 300 kilograms of hydrogen storage capacity; additional terms were not disclosed.

"We are very pleased to enter into this contract with Doosan Babcock to complement their system in Aberdeen," said Daryl Wilson, president and chief executive officer of Hydrogenics. "Such awards, combined with our existing hydrogen fuelling infrastructure activities there, illustrate our continued support for the city as a world leader in the development of the hydrogen economy, reducing carbon emissions for generations to come."

The hydrogen produced by the HySTAT electrolyzers will be suitable for use across a wide range of applications such as fuel for vehicles, energy storage and the most demanding industrial processes.

About Hydrogenics Corp.

Hydrogenics is a world leader in engineering and building the technologies required to enable the acceleration of a global power shift. Hydrogenics provides hydrogen generation, energy storage and hydrogen power modules to its customers and partners around the world.

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