Sk E & S and plug power have signed a joint venture contract to carry out joint business in the Asian hydrogen market. Their shares in the joint venture are 51% and 49% respectively.
The two companies plan to build a super factory and R & D Center for the manufacture of hydrogen fuel cells and water electrolysis equipment in South Korea by 2024. The equipment and fuel cells manufactured there are planned to be supplied to Asian countries. According to market research, the Asia Pacific water electrolysis equipment market is expected to grow from 125 MW to 490 GW from this year to 2040. The polymer electrolyte membrane fuel cell to be manufactured there is characterized by high energy efficiency, simple structure, high durability and low-temperature operation. These days, this type of fuel cell is increasingly used in various fields, including hydrogen powered vehicles and power generation. In addition, the battery is based on direct injection of hydrogen rather than liquefied natural gas and liquefied petroleum gas, and does not produce pollutants during power generation.
At present, plug power has a 95% share in the hydrogen forklift market in the United States. Forklifts equipped with its hydrogen fuel cells have been exclusively supplied to Amazon and Wal Mart.
The two companies also plan to commercialize green hydrogen using water electrolysis equipment to be produced in South Korea. Water electrolysis equipment is used to produce hydrogen by electrolyzing water in its natural state. The equipment does not produce any pollutants in this process. Sk E & s aims to become the largest player in the global hydrogen market by increasing its annual production capacity of liquid hydrogen and blue hydrogen to at least 30000 tons and 250000 tons respectively by 2025.
About American plug power company entering enterprise shops
Plug power is an American company engaged in the design and manufacture of hydrogen fuel cell system, which can replace conventional batteries in electric driven equipment and vehicles. The company is headquartered in New York and has employees in Spokane, Washington, Rochester and New York.
Prager energy was founded in 1997 as a consortium of DTE energy and mechanical technology. The company went public in 2002.
In February 2017, the company announced the shipment of the first Progen fuel cell engine specially designed for electric transport vehicles, and adopted the gendrive system in the USPS truck fleet in Capitol Hill heights, Maryland.
April 2017, Amazon Com purchased more than 50 million ordinary shares of plug power and reached an agreement to use hydrogen technology in its warehouse. In April 2017, Amazon purchased 50 million shares.
Plug power is a leading provider of clean hydrogen and zero emission fuel cell solutions that are both economical and reliable. The company's leading fuel cell products are designed to address your greatest productivity and uptime challenges while providing sustainable solutions for your business operations.
With more than 35000 fuel cell units deployed and more than 20 years of innovation, the company is the largest buyer of liquid hydrogen, and the number of hydrogen refueling stations built is successful in any country in the world. Through innovative, clean and cutting-edge hydrogen fuel cell solutions in various transportation, air and fixed applications, the company has transformed itself into an electrified world. Now users can operate continuously, consistently and efficiently.
