WASHINGTON (dpa-AFX) - Air Products and Chemicals Inc (APD) Wednesday announced that the company signed a Memorandum of Understanding, or MOU, with FuelCell Energy Inc (FCEL) wherein the two companies will work towards market development of stationary Direct FuelCell power plants that simultaneously produce hydrogen, ultra-clean electricity and usable high quality heat.
The two companies stated that target markets for these tri-generation stationary fuel cell power plants include industrial hydrogen users as well as vehicle fueling applications.
'On-site or distributed co-production of hydrogen in a cost effective and efficient manner from stationary fuel cell power plants represents tremendous market potential,' said Ed Kiczek, global director - Hydrogen Energy Systems at Air Products. 'Hydrogen is an alternative fuel that can simultaneously reduce a country's dependence on imported oil and significantly reduce greenhouse gas emissions.'
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