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Hydrogenics Corp. (HYGS) Wins Contract for Dutch Hydrogen Fueling Station

|Includes: Hydrogenics Corporation (HYGS)

Hydrogenics Corp. is a leading developer and manufacturer of hydrogen generation and fuel cell products. The Canadian-based firm has operations in North America and Europe, serving the growing industrial and clean energy markets.

The company today announced a contract, awarded at the end of December, with Ballast Nedam IPM to supply a HySTAT 30 electrolyzer for integration into a Netherlands-based hydrogen fueling station. The owner of the station will be Waterstofnet, a non-profit organization funded by the Dutch and Flemish governments.

The HySTAT 30 electrolyzer is capable of producing up to 65 kilograms per day of pure hydrogen. Hydrogenics is expected to deliver the electrolyzers in the middle of this year with them operational by the end of the year. It continues to be a very successful product for the company. This was the fourth hydrogen fueling station contract awarded to Hydrogenics in 2011.

Overall, the company now has over 35 hydrogen fueling installations worldwide. Hydrogenics believes this success is directly linked to its vast experience in industrial hydrogen markets. Over the past 10 years, the company has added over 200 HySTAT industrial installations worldwide to its 1,800 install base.

For more information about Hydrogenics, please visit its website at hydrogenics.com

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