| Project Detail |
Currently, Europe is undergoing the first stages of an enormous energy transition looking to decarbonize industrial processes, driven by the binding agreements reached at the COP21 meeting in Paris in 2015 to stop global warming. This new energy paradigm will require a major contribution from renewable hydrogen to be successful. Industries such as steel making, fertilizer production, chemical and petrochemical refining or glass making, already use hydrogen as feedstock or high heat for various ends. However, most of the production processes involve carbon-based energy sources and are highly polluting, contributing abundantly to global GHG emissions. Overall, industry was responsible of over 25% of the GHG emissions in Europe in 2015. The use of renewable hydrogen could reduce 20% of global CO2 emissions by 2050.
In Hydrogenics, we have developed HyLYZER, an innovative industrial scale electrolyser, based on PEM (Proton Exchange Membrane) technology, that generates on-site clean high purity hydrogen with zero-emissions from renewable energy sources at unmatched efficiency: 85% average at stack level. Our solutions impact in the reduction of GHG emission can be quantified as 1ton of H2 abating 10tons of CO2. We are a global leader provider of hydrogen solutions, with several market products for various ends and a solid reputation in the H2 industry. We have invested 19years of R&D in PEM electrolysis to develop HyLYZER. We aim to carry out a Feasibility Study to plan the best commercial strategy for our project and plan the industrial scale-up required to increase production from demo plant to commercial sales, as well as to confirm the alignment of our project, HyLYZER, with the market needs through strategic partnerships.
In five years from project completion, we expect that Hydrogenics HyLYZER project brings us a Return of Investment of €4,56 per euro invested in this project.
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