ABB and Hydrogen Optimized have signed an agreement to expand the companies’ existing strategic relationship. This includes an investment by ABB into Key DH Technologies Inc., the parent company of Hydrogen Optimized, as they seek to accelerate the fast-emerging green hydrogen production segment with unique large-scale architecture.
The financial terms of the agreement were not disclosed.
By accelerating the strategic collaboration between ABB and Hydrogen Optimized launched in 2020, the two companies are advancing the deployment of economic large-scale green hydrogen production systems to decarbonize hard-to-abate industries that address a wide range of essential needs such as cement.
The companies will leverage their respective capabilities and resources to rapidly commercialize Hydrogen Optimized’s patented RuggedCell high-power water electrolysis technology for the world’s largest green hydrogen plants. RuggedCell technology converts renewable electricity such as hydro, solar and wind power into green hydrogen for industry.
“We look forward to building on our companies’ two-year working relationship to pursue the enormous global opportunity of green hydrogen,” said Joachim Braun, division president, ABB Process Industries. “Following a rigorous validation of the RuggedCell technology, we are confident that, in combination with ABB’s high-power rectifiers, it can become a category leader in the large-scale green hydrogen segment. Our complementary technologies will strengthen the Hydrogen Optimized value proposition and fast-track the commercialization of the RuggedCell.”