FuelCell Partners With Chart Industries To 'Holistically Address' Hydrogen And CO2 Liquefaction Needs

FuelCell Energy Inc FCEL entered into a Memorandum of Understanding (MOU) with Chart Industries Inc GTLS to develop decarbonization and Hydrogen technologies.

• The companies will use their respective expertise to deliver efficient carbon dioxide (CO2) capture for use or sequestration, as well as generation and storage of gaseous or liquified hydrogen. 
• FuelCell Energy possesses expertise in manufacturing two high-temperature electrochemical fuel cell energy platforms for decarbonizing power and producing hydrogen and Chart Industries can produce equipment for CO₂ and hydrogen compression and liquefaction.
• “We believe the combination of Chart and FuelCell Energy technology will holistically address customer needs for hydrogen and CO₂ liquefaction, compression, storage, beverage-grade CO₂, and transport," said FuelCell CEO Jason Few.
• "For example, in the food and beverage industry where access to beverage-grade CO₂ is critical for operations but often in short supply, we believe our combined strengths will help the sector with consistent pricing, availability and quality.”

Price Action: FCEL shares are trading higher by 8.25% at $2.30 on the last check Monday.

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