Hydrogenics Corporation (NASDAQ:HYGS) (TSX:HYG), led by Daryl Wilson (ChemE 8T2), is a leading developer and manufacturer of hydrogen generation technology and hydrogen fuel cell power modules. On February 23, 2016, the company announced that it has been selected to join a consortium of European companies, including Air Liquide, for a €15 million Power-to-Gas demonstration project in Denmark named HyBalance. The budget of the project is more than €15 million and is supported by the European Fuel Cells and Hydrogen Joint Undertaking as well as the Danish ForskEL program, administered by Energinet.dk.
The HyBalance project will validate the highly dynamic PEM electrolysis technology and innovative hydrogen delivery processes involved but also demonstrate these in a real industrial environment by applying the latest hydrogen production and delivery equipment. The HyBalance setting is unique in demonstrating the multiple applications of Power-to-Gas technologies, including how hydrogen can be used in multiple high value markets such as industry and clean transportation, and the project will provide business models for these applications.
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