Market Overview

Hydrogenics Wins Order From E.ON for 'Power-to-Gas' Energy Storage Project in Germany

Hydrogenics Corporation (Nasdaq: HYGS) (TSX:HYG) today announced that it has received an order from E.ON for a 'Power-to-Gas' project in Germany. The two (2) megawatt energy storage facility, to be located in Falkenhagen in northeast Germany, will use surplus renewable energy sources to produce hydrogen for storage in the country's existing natural gas pipeline network.

Power-to-Gas is a novel way to store energy at utility scale, whereby surplus electrical grid power is converted into hydrogen gas. The hydrogen gas produced from the Falkenhagen plant; expected to be online in 2013; will be injected into the regional natural gas pipeline, making the natural gas pipeline network a storage system for surplus electrical power generated from renewable resources. While the amount of hydrogen injection is relatively small as a percentage of total pipeline capacity, these small quantities of hydrogen represent significant energy storage capacity and electrical grid support flexibility.

Posted-In: News Contracts

 

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