Posted on 01 Feb 2023
UK’s Johnson Matthey (JM) and the US' turnkey hydrogen solutions provider Plug Power are planning to jointly build a catalyst coated membrane (CCM) plant in the US, Kallanish reports.
The companies said on Tuesday the facility is targeted to enter production in 2025, meeting Plug’s demand for the material used in a PEM fuel cell. The undisclosed investment would enable initial production of 5 gigawatts, scaling up to 10 GW over time. This is believed to be the largest facility of its kind in the world, they add.
The new partners have also established a long-term agreement under which JM will become an important strategic supplier of membrane electrode assembly (MEA) components to Plug. The deal will cover a “substantial portion” of Plug’s demand for catalysts, membranes, and CCM. JM says it also brings security of supply of precious metals, such as platinum used as catalysts in hydrogen fuel cells, and unique recycling capabilities into the partnership.
JM’s ceo Liam Condon described the partnership as a “game-changer” for the developing hydrogen economy.
“By bringing together one of the largest green hydrogen and fuel cell companies in the world with JM’s technology and manufacturing capabilities, we’re creating volume and scale for green hydrogen that hasn’t existed until now,” he notes.
For Andy Marsh, ceo of Plug, the collaboration puts his company in a strong position to be the global leader of the green hydrogen economy. Plug is targeting revenues of $5 billion by 2026, growing to $20 billion by 2030.
The companies intend to take advantage of government incentives in the US and Europe “to push for exponential growth across the hydrogen industry.”
Source:Kallanish
