Hydrogenics Announces Agreement with Enbridge to Develop Utility Scale Energy Storage in North America
Hydrogenics Corporation (NASDAQ: HYGS) announced Friday that it has entered into an agreement with Enbridge (NYSE: ENB) to jointly develop utility scale energy storage in North America. This relationship also includes an equity investment of CA$5.0 million in Hydrogenics. The collaboration will bring together Hydrogenics' expertise in water electrolysis with Enbridge's expertise in the ownership and operation of natural gas pipeline networks and renewable energy generation.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.