The combined technological offerings will include Hydrogen Optimized’s RuggedCell™ high-power water electrolysers and ABB’s high-power rectifiers.
The two companies consolidated their alliance with a new commercial agreement signed at a hydrogen trade show in Stephenville, Newfoundland, attended by Canadian prime minister Justin Trudeau and German Chancellor Olaf Scholz.
ABB and Hydrogen Optimized Inc. (HOI), the Canadian technology innovator unlocking green hydrogen production at scale, have signed an agreement to expand the companies’ existing strategic relationship. This includes an investment by ABB into Key DH Technologies (KEY), the parent company of HOI, as they seek to accelerate the fast-emerging green hydrogen production segment with unique large-scale architecture. The financial terms of the agreement were not disclosed.
The signing follows the two companies’ showcase of their green hydrogen technologies at the August 23, 2022 German-Canadian Atlantic Renewable Hydrogen Expo in Stephenville, Newfoundland, which was attended by Canadian prime minister Justin Trudeau and German chancellor Olaf Scholz. Hydrogen produced with low-to-zero carbon dioxide emissions is widely recognized as essential to achieving net-zero emissions by 2050.
By accelerating the strategic collaboration between ABB and HOI launched in 2020, the two companies are advancing the deployment of economic large-scale green hydrogen production systems to decarbonize hard-to-abate industries that address a wide range of essential needs – energy, metals, cement, utilities, ammonia, fertilisers, and fuels for aircraft, ships, trucks and rail.
The companies will leverage their respective capabilities and resources to rapidly commercialize HOI’s patented RuggedCell™ high-power water electrolysis technology for the world’s largest green hydrogen plants. Water electrolysis is the process of applying electrical energy to split water into hydrogen and oxygen. RuggedCell™ technology converts renewable electricity such as hydro, solar and wind power into green hydrogen for industry.
“We look forward to building on our companies’ two-year working relationship to pursue the enormous global opportunity of green hydrogen,” said Joachim Braun, division president, ABB Process Industries. “Following a rigorous validation of the RuggedCell™ technology, we are confident that, in combination with ABB’s high-power rectifiers, it can become a category leader in the large-scale green hydrogen segment. Our complementary technologies will strengthen the Hydrogen Optimized value proposition and fast-track the commercialisation of the RuggedCell™.”
For more information visit www.abb.com/ventures
