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hyaxiom-enters-chinese-market-after-signing-green-power-agreement
hyaxiom-enters-chinese-market-after-signing-green-power-agreement

HyAxiom enters Chinese market after signing green power agreement

HyAxiom has entered the Chinese market after signing a master agreement with Doosan Fuel Cell Co. and ZKRG Smart Energy Technology Co. of Foshan, China.

The agreement will allow DFCC and ZKRG to use HyAxiom’s proprietary technology in phosphoric acid fuel cells (PAFC) to increase a greener power generation market in China.

The company’s affiliate, DFCC, has already installed four 440kW hydrogen fuel cells in the Nanhai District of Foshan, China’s southern Guangdong province to provide electricity and heat to apartment buildings and business buildings.

Under the master agreement, DFCC will supply 105MW-equivalent hydrogen fuel cells to ZKRG and form a joint venture with ZKRG, which will build a manufacturing facility in the Guangdong province to manufacture, sell and service fuel cells under various licenses to be granted by HyAxiom.

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