Plug Power teams up with Johnson Matthey to accelerate green hydrogen technology
May 26, 2021 3:09 AM ETJohnson Matthey Plc (JMPLF), PLUGJohnson Matthey Plc (JMPLF)By: Mamta Mayani, SA News Editor
Johnson Matthey (OTCPK:JMPLF) announces a Memorandum of Understanding (MoU) with Plug Power (NASDAQ:PLUG), under which the companies will develop a roadmap to accelerate the joint development of high-performance electrolyser technology with improved durability, increased performance, and greater energy efficiency than systems available today.
The collaboration will focus on the development, validation and incorporation of JM's advanced materials in Plug Power's electrolyser systems.
The companies will also investigate the development of a closed-loop recycling system for the critical platinum group metals used as catalysts in these systems.
Plug Power is a leading manufacturer of electrolysers used to manufacture green hydrogen.
Last month, Plug Power collaborated with BAE Systems for hydrogen-powered solutions for electric buses.
Plug Power teams up with Johnson Matthey to accelerate green hydrogen technology
May 26, 2021 3:09 AM ETJohnson Matthey Plc (JMPLF), PLUGJohnson Matthey Plc (JMPLF)By: Mamta Mayani, SA News Editor
Johnson Matthey (OTCPK:JMPLF) announces a Memorandum of Understanding (MoU) with Plug Power (NASDAQ:PLUG), under which the companies will develop a roadmap to accelerate the joint development of high-performance electrolyser technology with improved durability, increased performance, and greater energy efficiency than systems available today.
The collaboration will focus on the development, validation and incorporation of JM's advanced materials in Plug Power's electrolyser systems.
The companies will also investigate the development of a closed-loop recycling system for the critical platinum group metals used as catalysts in these systems.
Plug Power is a leading manufacturer of electrolysers used to manufacture green hydrogen.
Last month, Plug Power collaborated with BAE Systems for hydrogen-powered solutions for electric buses.