Plug Power and Johnson Matthey have signed a Memorandum of Understanding.
Under the terms of the agreement, the companies will create a roadmap to accelerate the joint development of high-performance electrolyser technology that is more durable, performs better, and uses less energy than current systems.
JM’s advanced materials will be developed, validated, and integrated into Plug Power’s leading electrolyser systems as part of the collaboration. The companies will also look into creating a closed loop recycling system for the platinum group metals (pgm) that are used as catalysts in these systems.
“We’re excited to take our relationship with Plug Power, a leader in electrolyser systems, to the next level, working together to drive the development of world leading technologies with significantly improved performance and an integrated plan for recycling key materials,” commented Eugene McKenna, Managing Director, Green Hydrogen, Johnson Matthey. “Our CCMs draw on innovations in catalyst, membrane and additive development built over many years and which are the foundation of our Green Hydrogen business today. Equally important is to enable a sustainable energy transition, which is why we will continue to drive the creation of closed loop recycling systems within the supply chain, to recover and reuse as much critical pgm material as possible. Plug Power has an innovative electrolyser technology and their knowledge and market position make them an ideal partner.”
“The new generation of proton exchange membrane (PEM) electrolysers will require solutions that are able to meet the increasing demands on efficiency and performance. We are excited to collaborate with JM on driving the integration of leading electrolyser component technology that will bring another vital element to reach a fully sustainable green hydrogen economy,” said Rick Mason, VP Operations, Plug Power.