Electric Hydrogen and Intersect Power have signed a memorandum of understanding (MOU) to enhance green hydrogen manufacturing infrastructure.
The MOU establishes a framework for the businesses to collaborate on the use of Electric Hydrogen’s patented proton exchange membrane (PEM) electrolysis system in Intersect’s renewable powered hydrogen projects, with a goal of reaching a final supply deal by the first half of 2022.
“What happens when clean energy is so inexpensive that it doesn’t make sense to put it all on the grid? That was one of the basic concerns that Intersect Power was based on. We now believe that clean power is the nexus of profound decarbonization as a result of this inquiry “Sheldon Kimber, Intersect Power’s CEO, stated. “Green hydrogen will be one of the trillion-dollar, zero-carbon businesses of the future, thanks to high capacity factor, low-cost renewable energy. As we contribute to lead the energy revolution by thinking outside the grid, we aim to install hundreds of megawatts of PEM electrolyzers by the middle of this decade.”
The two businesses’ technological partnership will focus on immediately coupling and closely integrating renewable energy with Electric Hydrogen’s sophisticated electrolysis technology in order to achieve better efficiency and reduced capital costs. Raffi Garabedian, CEO of Electric Hydrogen, stated, “Electric Hydrogen was created to bring infrastructure scale renewable hydrogen generation equipment to market.” “To achieve the lowest total cost of green hydrogen generation from renewable energy, we developed a patented technological platform that extends from the catalyst to the systems architecture. We’re ecstatic to be partnering with Intersect Power to support their forward-thinking mission.”