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Hydrogenics Corp. (HYGS) Awarded German Contract

|Includes: Hydrogenics Corporation (HYGS)

Hydrogenics Corp. is a leading developer and manufacturer of hydrogen generation and fuel cell products. The company’s products are used in various applications, including electric cars, freestanding power plants, fueling stations, industrial processes and in wind and solar power systems.

The company today announced that it has been selected by the city of Herten, Germany (a center for renewable energy projects) to provide a wind-hydrogen energy storage solution. Wind energy is renewable source of power for communities looking to offset the demand traditionally served by power plants fueled by fossil fuels such as coal, oil and natural gas. It is also ideal for Germany, which is scheduled to phase out all nuclear power by 2020.

To meet the project requirements, Hydrogenics will provide one HySTAT 30 hydrogen generation unit and a HyPM 50 kilowatt fuel cell power system to Herten in 2012. This combination will demonstrate the distinct advantage of hydrogen energy storage with its ability to be highly scalable and capable of storing significant amounts of energy for long periods of time with negligible loss and zero carbon emissions.

From storage, the energy will be redeployed through fuel cells as electricity to the grid. Or as an alternative, it will be used to fuel zero emission vehicles and other devices such as industrial equipment.

For further insight into Hydrogenics and its technology, please visit the company’s website at hydrogenics.com

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