- Press Releases
May 19 (Renewables Now) - Dublin-based electrolyser developer Fusion Fuel Green Plc (NASDAQ:HTOO) announced today that it has signed a memorandum of understanding (MoU) with Japan’s Toshiba Energy Systems and Solutions Corporation (Toshiba ESS) to go after technical and commercial opportunities in the green hydrogen sector.
Toshiba ESS has developed membrane electrode assemblies (MEAs) that Fusion Fuel says are “highly cost-competitive” and require significantly less catalyst than conventional solutions. Under the MoU, Fusion Fuel will evaluate the use of the partner’s MEAs in its own proprietary proton-exchange membrane (PEM) electrolysers, it said.
The collaboration will further see Toshiba ESS explore using its sales channels to expand sales of Fusion Fuel’s PEM electrolysers in Australia and other markets. Finally, the partners will also explore potential collaboration for future sales of Toshiba ESS solid oxide electrolysis cells (SOEC), which the Japanese company aims to bring to market in 2025.
Fusion Fuel’s product is a solar-to-hydrogen generator that can produce green hydrogen using only solar energy. At its core is a proprietary miniaturised PEM electrolyser, which recovers waste heat from the integrated solar concentration process to improve efficiency by reducing the energy required to split water, Fusion Fuels explains.
“We view this partnership as an opportunity to leverage our complementary strengths and create a unique and differentiated commercial offering in both European markets, as well as globally,” said Jaime Silva, Fusion Fuel’s Chief Technology Officer.
“Toshiba’s advancements in MEA design and production promise to further extend our near-term cost advantage, while our longer-term aspiration of collaborating on SOEC technology - for which our novel solar-to-hydrogen solution is particularly well-suited - has the potential to establish both Toshiba and Fusion Fuel as leaders at the forefront of hydrogen innovation,” added Silva.