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MISSISSAUGA, Ontario--Hydrogenics Corporation (TSX:HYG NASDAQ:HYGS), a designer and manufacturer of hydrogen and fuel cell systems, announced today that the company has been awarded a contract for over EUR 500,000 to deliver a hydrogen station to Gas Natural SDG, a Spanish-based energy services multinational with approximately ten million customers in Spain, Latin America, Italy and France (www.gasnatural.com).
Gas Natural will use a Hydrogenics' HySTAT(TM)-A Hydrogen Station at the Sotavento Galicia wind farm to produce up to 60 Nm3/hr of hydrogen. The hydrogen will be used to fuel an internal combustion engine generator, which in turn will supply electricity to the electric grid.
Presently, the Sotavento Galicia wind farm produces more electricity than can be delivered to the grid and the excess "green" electricity cannot be stored or delivered to the electrical grid, resulting in lost revenue. By powering the HySTAT Hydrogen Station with the excess wind energy, Gas Natural will now provide the means to capture high value electricity that otherwise would have been lost and utilize it to make more electricity for the grid than was achievable in the past.
"This project demonstrates the role that hydrogen can play as an energy carrier," said Pierre Rivard, Hydrogenics President and Chief Executive Officer. "One of the biggest challenges with wind power is that unused energy can not be stored for later use when the wind isn't blowing. Hydrogen solves this problem. As we will prove at this location, excess electricity from wind can produce hydrogen to fuel an internal combustion engine, essentially turning that excess wind power back into electricity that people can use."
The project at the Sotavento Galicia wind farm is completely green and is the sixth project that Hydrogenics has announced with various worldwide customers where hydrogen stations are powered by wind or solar energy. This latest hydrogen station, complete with outdoor housing and auxiliary equipment, will be installed and commissioned by September, 2006.
About Hydrogenics
Hydrogenics Corporation (www.hydrogenics.com) is a leading global developer of clean energy solutions, advancing the Hydrogen Economy by commercializing hydrogen and fuel cell products. The company has a portfolio of products and capabilities serving the hydrogen and energy markets of today and tomorrow. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in North America, Europe and Asia.
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