FuelCellsWorks

Companies Announce Strategic Development Agreement

MISSISSAUGA, Ontario– Hydrogenics Corporation (Nasdaq:HYGS) (TSX:HYG), a leading developer and manufacturer of hydrogen generation and fuel cell products, and Rosetti Marino S.p.A., an established provider of engineering and construction services and technology for the oil and gas industry, today announced an agreement to jointly design, develop and commercialize utility-scale hydrogen power plants for peak shaving and energy management.

The plants will incorporate Hydrogenics’ electrolyzer and fuel cell systems for turnkey applications that produce hydrogen for energy storage and electricity generation. Rosetti Marino will provide expertise in large-scale gas compression, storage, and facility design; the complete systems are planned to provide for renewable energy, peak shaving, grid optimization and ancillary services. Other potential applications include large-scale fueling and hydrogen production for industrial uses.

“We firmly believe that hydrogen can provide energy storage solutions with greater versatility and economic benefit than compressed air storage and pumped hydro systems,” said Daryl Wilson, Hydrogenics President and CEO. “While already focused on the market for hydrogen-based energy coupled with renewable power, Hydrogenics will accelerate its presence in the field by partnering with a large, well-respected company such as Rosetti Marino. Hydrogen remains the key to sustainable energy storage going forward — particularly in regions with grids stressed by unreliable, intermittent power.”

“Rosetti Marino believes that the combination of Hydrogenics’ technology and product platform with our experience in large scale gas plants and storage facilities creates a clear path towards the commercialization of hydrogen energy storage systems in the gigawatt-hour range,” said Gianfranco Magnani, President of Rosetti Marino Group. “These systems will help expand the market for renewable energy and serve to catalyze the transformation and optimization of the next generation of electrical infrastructure.”

ABOUT HYDROGENICS

Hydrogenics Corporation (www.hydrogenics.com) is a globally recognized developer and provider of hydrogen generation and fuel cell products and services, serving the growing industrial and clean energy markets of today and tomorrow. Based in Mississauga, Ontario, Canada, Hydrogenics has operations in North America and Europe.

ABOUT ROSETTI MARINO

Rosetti Marino (www.rosetti.it) is an Italian company providing solutions and services to the Oil & Gas industry. It has strong engineering and project management capabilities, state-of-the-art fabrication expertise, and is a reliable and cost effective partner supporting customer’s investment in capital assets. In 2008, Rosetti Marino had consolidated annual revenue of EUR 326.8 million.

SINGAPORE–– “A hydrogen station in every home” is a futuristic vision that is about to become reality this week as Horizon Fuel Cell Technologies unveils what could be its biggest breakthrough to date: a small home hydrogen refueling and storage solution that could begin our transition to a hydrogen-based economy.

In addition to making many new fuel cell products possible, the refueling device enables a lower cost, scalable, and consumer-centric hydrogen supply model which eliminates the dependence on large-scale fueling infrastructure investments. Horizon’s game-changer innovation can unlock the age-old dilemma over which comes first: clean cars, or clean fuels.

“We no longer need to rely on nationwide networks of hydrogen fueling stations to enable large-scale fuel cell commercialization,” comments Taras Wankewycz, one of the company’s founders. “Horizon is initiating a transition that places consumers in the driving seat. Thanks to our innovation each household can gradually become a major part of tomorrow’s hydrogen fuel supply infrastructure.”

Named HYDROFILLTM, the world’s first personal hydrogen station designed by Horizon will be unveiled at the upcoming Consumer Electronics Show in Las Vegas. The small desktop device simply plugs into the AC, a solar panel or a small wind turbine, automatically extracts hydrogen from its water tank and stores it in a solid form in small refillable cartridges.

Horizon believes this new development is the first step towards private refueling of new generations of fuel cell electric vehicles. Fuel cell technology can greatly improve the features and usability of many battery or engine-powered devices, and create the possibility for lower cost electric cars that drive longer distances and recharge instantly.