Southeast Asia’s First Renewable Hydrogen-Based Energy Storage and Power Plant Awarded to Hydrogenics
MISSISSAUGA, Ontario, July 21, 2016 - Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG) (“Hydrogenics” or the “Company”), a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules, today announced that it, along with Phraram 2 Civil Engineering Co., Ltd. (“PCE”), has been awarded the “Lam Takhong Wind Hydrogen Hybrid Project” by the Electricity Generation Authority of Thailand (“EGAT”). This will be Southeast Asia’s first megawatt-scale project for energy storage; Hydrogenics’ portion is projected to be worth approximately €4.3 million. The facility, located in the sub-station area of the Lam Takhong Wind Turbine Generation Project, Nakhon Ratchasima Province, Thailand, will consist of Hydrogenics’ ultra-compact 1 MW PEM HyLyzer® electrolyzer, hydrogen storage and a HyPM® fuel cell plant. PCE, based in Bangkok, will provide the services required to implement the technology supplied by Hydrogenics.