Hydrogenics (HYGS) Enters MoU with Iwatani Corp for Hydrogen Solutions Development
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Hydrogenics Corporation (Nasdaq: HYGS) announced that it has signed a Memorandum of Understanding (MOU) with Iwatani Corporation, a diversified Japanese industry leader with a legacy of experience in liquified petroleum gas. The MOU brings the two companies together to develop opportunities in Japan for hydrogen solution offerings targeting Japan's growing demand for utility scale hydrogen energy storage, hydrogen generation fueling, fuel cell integration and industrial hydrogen generation.
By working together the two companies offer an integrated 'end-to-end' customer experience that will ensure quality and effective project development and delivery in Japan. Hydrogenics will primarily be the technology provider of fuel cell and electrolyzer equipment, including services and supplies for commissioning, training and technical support. Iwatani's role will be to create and support joint business opportunities by facilitating the customer interface between Hydrogenics and Japanese customers. They will also provide engineering services, local codes and standards support, site installation, operations and site service.
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By working together the two companies offer an integrated 'end-to-end' customer experience that will ensure quality and effective project development and delivery in Japan. Hydrogenics will primarily be the technology provider of fuel cell and electrolyzer equipment, including services and supplies for commissioning, training and technical support. Iwatani's role will be to create and support joint business opportunities by facilitating the customer interface between Hydrogenics and Japanese customers. They will also provide engineering services, local codes and standards support, site installation, operations and site service.
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