The agreement will allow DFCC and ZKRG to use HyAxiom’s proprietary technology in phosphoric acid fuel cells (PAFC) to increase a greener power generation market in China.
The company’s affiliate, DFCC, has already installed four 440kW hydrogen fuel cells in the Nanhai District of Foshan, China’s southern Guangdong province to provide electricity and heat to apartment buildings and business buildings.
Under the master agreement, DFCC will supply 105MW-equivalent hydrogen fuel cells to ZKRG and form a joint venture with ZKRG, which will build a manufacturing facility in the Guangdong province to manufacture, sell and service fuel cells under various licenses to be granted by HyAxiom.
Jeff Hyungrak Chung, President & CEO of HyAxiom, said, “This master agreement will help us to continue to supply hydrogen solutions globally while supporting entities committed to climate change and decarbonisation.”
With the announcement of mid- and long-term plans for the hydrogen energy industry — 2021 through 2035 — by the Chinese government, the demand for hydrogen fuel cells capable of combined heat and power (CHP) is expected to increase.
Last month HyAxiom signed an agreement with Shell and other parties to power a deep-sea liquefied natural gas carrier with a HyAxiom-developed solid oxide fuel cell to test the technology’s ability to cut carbon emissions from maritime transport, one of the hard-to-abate sectors.
Shell International Trading and Shipping Company, Korea Shipbuilding & Offshore Engineering Co., DNV and Doosan Fuel Cell Co. agreed to launch a vessel powered by a HyAxiom-developed Solid Oxide Fuel Cell (SOFC) in 2025.