The company has signed a 10 year exclusive agreement to supply Alstom Transport, which is a unit of Alstom, a France-based global leader in power generation, transmission and rail infrastructure, with hydrogen fuel cell systems for Regional Commuter Trains in Europe.
The agreement, valued at over €50 million, includes the supply of at least 200 engine systems along with service and maintenance as necessary over a 10 year period. Hydrogenics was selected by Alstom following a rigorous technical review process. The fuel cell systems will be developed to meet European train compliance regulations. The first units are expected to be delivered in 2016 following prototype work slated for late 2015.
“The selection by Alstom Transport of our technology platform is a strong validation of our team and our products as the best fit for heavy duty propulsion applications,” said Joseph Cargnelli, CTO and co-founder of Hydrogenics.
“We are clearly excited by what this agreement represents. Hydrogen is continuing to play an increasing role in mitigating the energy and pollution issues that fossil-fuel based transportation creates worldwide. The electrification of heavy duty transport leads to opportunities for efficient, clean hydrogen-based power solutions to play a critical role,” added Daryl Wilson, CEO of Hydrogenics.
Source: Hydrogenics Corporation.