Hydrogenics Signs Fuel Cell Agreement with Hitachi Zosen

March 23, 2005 by Jeff Shepard

Hydrogenics Corp. (Toronto, Canada), a designer and manufacturer of fuel cell technology, announced that is has signed an agreement with Hitachi Zosen Corp. (Japan) to develop hydrogen fuel-cell-based power products. The agreement will see Hydrogenics combine its expertise in hydrogen fuel cell power systems with Hitachi Zosen's power technology and experience with Japanese power markets.

"Japan is one the key countries leading the hydrogen economy, and this agreement with Hitz will help Hydrogenics take advantage of these opportunities," said Hydrogenics President and CEO Pierre Rivard. "This relationship will allow us to showcase our HyPM technology to the Japanese market, while allowing Hitz to enter into power markets that are currently untapped. We are excited to work with Hitz to develop power products for a variety of markets, including distributed generation markets."

The collaboration between Hitz and Hydrogenics will focus on stationary power applications, but will also investigate markets for transportation and hydrogen generation.