CHINA-Richem and Nedstack have promised to mass produce and deploy PEM fuel cell power plant technology at economic cost levels as part of a new partnership.
The two companies yesterday signed a Memorandum of Understanding (MoU), through which they will work together to industrialise the Nedstack PemGen® stationary fuel cell power system portfolio.
Initially, the partnership will focus on the Chinese domestic market, however, both companies are open towards further expansion in order to maximise their combined impact.
Nedstack’s PemGen® portfolio of PEM Power Plants relies on industrial components to deliver fuel cell systems that can last as long as any conventional power plant and to offer the best possible price per kilowatt-hour.
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