The collaboration aims to address the two most significant challenges in the production of green hydrogen, namely the cost of input electricity and the capital cost of the production facility. Due to its efficiency in producing hydrogen, FuelCell Energy’s solid oxide technology requires less energy input compared to lower efficiency and low-temperature electrolysis. On the other hand, MHB’s ability to modularize and build at scale is expected to reduce the total capital cost for large-scale electrolyzer projects. The joint solution is expected to produce zero-carbon hydrogen to power hundreds of thousands of homes from each production facility.
“We recently announced that we are accepting orders for our solid oxide electrolyzer platform, the result of 20 years of R&D and testing,” said Mark Feasel, CCO of FuelCell Energy. “This collaboration with MHB is the next significant milestone, as we prepare to offer green hydrogen production for energy at a very large scale and lower cost. We are excited about this collaboration and look forward to working together to help decarbonize the globe.”
“MHB is extremely pleased to be a go-to-market partner to FuelCell Energy to provide a solution in expediting the production of hydrogen-fueled clean energy,” said Pandai Othman, Managing Director and CEO of MHB. “This MoU is part of MHB’s deliberate move to build a sustainable portfolio supporting the transition to a low-carbon future through collaboration with technology partners. We are optimistic that both companies will empower global industries in their goals to achieve net-zero emission targets.”