ABB and Hydrogen Optimized Inc., the Canadian technology innovator, have recently sealed an agreement to expand the companies’ existing strategic relationship, including ABB’s investment in HOI’s parent company, Key DH Technologies Inc.
In the presence of Canadian Prime Minister Justin Trudeau and German Chancellor Olaf Scholz, the MoU was signed following the presentation of the two companies’ green hydrogen technologies at the German-Canadian Atlantic Renewable Hydrogen Expo on August 23, 2022, in Stephenville, Newfoundland, according to Green Car Congress.
ABB and HOI are strengthening their strategic partnership that was formed in 2020 in an effort to decarbonize hard-to-abate industries that serve a wide range of essential needs in the economy (energy, metals, cement, utilities, ammonia, fertilizers, fuels for aircraft, ships, trucks, and rail) through the advanced rollout of economic large-scale green hydrogen production systems.
In order to quickly commercialize HOI’s patented RuggedCell high-power water electrolysis technology for the most significant green hydrogen plants in the world, the firms will combine their respective skills and resources.
“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 commercialization of the RuggedCell™.”
“This agreement positions us for success in the large-scale segment with customers requiring installations in the hundreds of megawatts to multi-gigawatts,” said Andrew T. B. Stuart, President, and CEO of KEY and HOI. “ABB’s global footprint, commercial relationships and technology leadership in high-power rectifiers, distributed control systems and manufacturing automation provide us with the market reach and capabilities to achieve our company’s goals.”
The funds from ABB’s investment in KEY under the signed agreement will accelerate the development of HOI’s intellectual property, strengthen corporate capabilities for increased business activity, and implement automated manufacturing and robotics.