Fusion Fuel Green and Toshiba Energy Systems and Solutions Corporation have agreed to pursue technical and commercial opportunities in the fast-growing green hydrogen sector.
Fusion Fuel will test Toshiba ESS membrane electrode assemblies (MEAs) in its proprietary Proton-Exchange Membrane (PEM) eletrolyzers as part of this collaboration. MEAs are a key component of PEM electrolyzers, and the ones Toshiba ESS is working on are highly cost-effective and require far less catalyst than traditional solutions.
Furthermore, Toshiba ESS plans to expand sales of Fusion Fuel’s PEM electrolyzers in Australia and other countries by leveraging local sales channels it has established in areas such as the thermal power business. In addition, the two companies will consider collaborating on future sales of Toshiba ESS solid oxide electrolysis cells (“SOEC”), which Toshiba ESS plans to launch in 2025.
The growth of the green hydrogen economy has accelerated as a result of significant funding support for hydrogen projects and electrolyzer technology in Europe and Asia as part of a larger decarbonization initiative. The European Union has set goals for electrolyzer capacity of 6 GW by 2024 and 40 GW by 2030, which would produce about 5 million metric tons of low-carbon hydrogen per year. Australia has taken an interest in hydrogen, with the federal government announcing its own national hydrogen strategy in 2019 and a long-term technology investment roadmap aimed at creating a new, world-leading export industry.
Fusion Fuel, based in Portugal, Spain, and Ireland, has developed a solar-to-hydrogen generator that can produce green hydrogen using only solar energy. A proprietary miniaturized PEM electrolyzer is at the heart of its technology, which recovers waste heat from the integrated solar concentration process to improve efficiency by lowering the energy required to split water. The company has developed a pipeline of over 2.4 GW of green hydrogen projects in Europe, the Middle East, and Australia. Fusion Fuel is a strategic company involved in the development and production of green hydrogen-related technologies, according to the Portuguese National Hydrogen Strategy.
