MarketHydrogenics
Company Profile

Hydrogenics

Hydrogenics is a developer and manufacturer of hydrogen generation and fuel cell products based on water electrolysis and proton-exchange membrane (PEM) technology. Hydrogenics is divided into two business units: OnSite Generation and Power Systems. Onsite Generation is headquartered in Oevel, Belgium, and had 73 full-time employees as of December 2013. Power Systems is based in Mississauga, Ontario, Canada, with a satellite facility in Gladbeck, Germany. It had 62 full-time employees as of December 2013. Hydrogenics maintains operations in Belgium, Canada and Germany with satellite offices in the United States, Indonesia, Malaysia and Russia.

Business overview
OnSite Generation The OnSite Generation business segment is based on water electrolysis technology, which involves the decomposition of water into oxygen () and hydrogen gas () by passing an electric current through a liquid electrolyte. The excess electricity can then be held in existing reserves, including power and natural gas grids. This allows for seasonally adjusted storage of significant amounts of power and the provision of -neutral fuels in the form of the resulting renewable energy source gas. ==History==
History
In 1988, Hydrogenics was founded under the name Traduction Militech Translation Inc. In 1995, it entered into the fuel cell technology development business and Traduction Militech Translation changed its name to Hydrogenics in 1990. It also acquired Greenlight Power Technologies, Inc., a competing fuel cell testing business, in 2003. In 2007, Hydrogenics narrowed the focus of its fuel cell activities by exiting the fuel cell testing business and working more on forklift power and backup power markets. Per the alliance, CommScope invested US$8.5 million in Hydrogenics as part of a joint product development program. Hydrogenics signed a Memorandum of Understanding (MoU) with Iwatani Corporation, a Japanese industrial energy company, in April 2012. The companies began to collaborate on hydrogen solutions in the Japanese energy market, including utility-scale hydrogen energy storage, hydrogen generation and fuelling, fuel cell integration, and industrial hydrogen generation. Under the agreement, hydrogen produced during periods of excess renewable generation will be injected into Enbridge's existing natural gas pipeline network. Hydrogenics entered into a joint venture with South Korea–based Kolon Water & Energy to provide power generation in that country in June 2014. In 2019 Hydrogenics was acquired in large parts by Cummins as part of their New Power division. Hydrogenics is now owned 81% by Cummins and 19% by Air Liquide. The name of the company has since been changed to Accelera. In 2019 Hydrogenics was acquired by Alstom. Projects In June 2000, General Motors and Hydrogenics released their codeveloped HydroGen1, a vehicle powered by a first generation proton exchange membrane fuel cell system. In December 2002, Natural Resources Canada (NRCan) selected Hydrogenics to develop a next-generation hybrid fuel cells bus; Hydrogenics integrated its vehicle-to-grid technology into a 12.5 meter New Flyer Inverno 40i transit bus. The system is part of the R&D smart grid project "INGRID". The system will use electrolyzers based on Hydrogenics' proton exchange membrane (PEM) technology for hydrogen production and use excess power generated from regional renewable energy sources, primarily wind energy. Hydrogenics will provide its technology to build hydrogen fuel stations throughout the UK. (IESO), a corporation responsible for operating the electricity market and directing the operation of the bulk electrical system in the province of Ontario, Canada, in July 2014. ==See also==
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