Stuart Energy, Statkraft, EHN Ink Hydrogen Agreement

October 09, 2003 by Jeff Shepard

Stuart Energy Systems Corp. (Toronto, Canada), European renewable energy producer Statkraft SF and European wind power producer Corporacion Energia Hidroelectrica de Navarra SA (EHN), have signed a joint cooperation agreement intended to establish a framework to jointly assess, demonstrate and develop advanced, renewable, energy-based, hydrogen production and distribution solutions.

Stuart Energy brings to the partnership its expertise in developing multi-purpose hydrogen energy stations (HES) products that use electricity and water to generate and store hydrogen energy. The stored hydrogen can then be redeployed on demand as either fuel for vehicles, or as electricity for peak shaving or power applications. The HES has five modules: hydrogen generation, compression, storage, dispensing and power generation.

Statkraft and EHN will contribute their knowledge of electrical networks, as well as their technical expertise in generating renewable electricity using wind and hydropower turbine technology. Both Statkraft and EHN have each purchased a Stuart Energy HES hydrogen generation module and are actively evaluating sites to demonstrate transportation and power applications of wind generated hydrogen.