We would like to highlight Hydrogenics Corp. (NASDAQ: HYGS). The company is a global developer and provider of hydrogen and fuel cell products and services, serving the industrial and clean energy markets. The Corporation has a diversified product portfolio of OnSite hydrogen generation products, fuel cell power products, and fuel cell test systems. The Company’s segments include OnSite Generation, Power Systems and Test Systems. OnSite Generation includes the design, development, manufacture, and sale of hydrogen generation products.
In the company’s recent news,
Hydrogenics announced it has teamed with Shell Hydrogen LLC, in which Hydrogenics will provide an integrated generation system for the Los Angeles fueling station. The agreement comes in light of California’s Hydrogen Highway initiative, reflecting California Governor Arnold Swartzeneger’s promise of 200 hydrogen fueling stations in the state before his retirement.
Hydrogenics’ agreement with Shell Hydrogen LLC caters to the growing number of hydrogen-powered vehicles by offering hydrogen onsite at the station.
“The experience gained in our 50-year history positions Hydrogenics to meet the rapid growth of the Hydrogen Highway,” Daryl Wilson, president and CEO of Hydrogenics stated in the press release. “Our modular product offering is highly scaleable and configurable to meet widely varying requirements.”
Hydrogenics’ integrated hydrogen fueling station is based on its highly modular standard product line, including electrolyzer, compressor, storage and dispensing systems. The company has implemented a canopy system for the fueling modules, where all the components are mounted on the roof of the station canopy, reducing the footprint of the hydrogen station.
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