Johnson Matthey PLC Johnson Matthey and Hystar strategic partnership (1082A)
22 Mai 2023 - 8:00AM
UK Regulatory
TIDMJMAT
RNS Number : 1082A
Johnson Matthey PLC
22 May 2023
Johnson Matthey and Hystar agree strategic partnership in
renewable hydrogen production
22(nd) May 2023
-- Johnson Matthey and Hystar have signed a three-year strategic
supply agreement to ramp up renewable (green) hydrogen
production
-- Delivers on published milestone of winning at least two
strategic partnerships in Hydrogen Technologies
Johnson Matthey (JM), a global leader in sustainable
technologies, and Hystar, a Norwegian high-tech hydrogen company,
have signed a three-year strategic supply agreement to ramp up
renewable (green) hydrogen production. This delivers on JM's
published milestone of winning at least two strategic partnerships
in Hydrogen Technologies.
J M will supply membrane electrode assemblies (MEAs), key
performance-defining components for electrolysers, as part of
Hystar's commercialisation ramp-up. This represents the next step
in the collaboration between the two companies which began in 2021,
focused on electrolyser stack development and manufacturing
scale-up, using the components provided by JM and Hystar's patented
cell design.
As part of the ongoing collaboration, JM will supply MEAs for
the Hystar PEM electrolysers to be used in the HyPilot project in
Norway. The HyPilot project will verify Hystar's patented PEM
technology under realistic field conditions, in collaboration with
industry leaders Yara and Equinor, with end market demand driven by
the trends in food production and energy security. As part of the
project, Hystar will deliver a complete, autonomous, containerized
PEM electrolyser with a hydrogen production capacity of up to 745
kg/day.
Hystar's recent test results show the company already exceeds
the Clean Hydrogen for Europe 2030 targets for clean hydrogen
production. Hystar and JM will work in partnership to continue
improving the performance of Hystar's electrolysers and design
circularity principles into the system.
Both partners will continue the collaboration to enable further
scale up and automation for Hystar's planned multi-GW production
line, which is expected to be operational by 2025.
Mark Wilson, Chief Executive of Hydrogen Technologies at JM,
says: "This strategic agreement with Hystar is an important
endorsement of JM's electrolyser technology, manufacturing
capability, supply chain access and our circularity offering.
Partnerships such as this that bring together complementary
capabilities and strengths of different organisations are essential
to the development of the hydrogen economy ."
Fredrik Mowill, Chief Executive Officer at Hystar, says:
"Hystar's class-leading PEM electrolyser is currently undergoing a
ramp-up to GW scale production capacity. As part of our growth
plans, Hystar will partner with strategic suppliers, such as JM,
who possess state-of-the-art technology, mass manufacturing
capacity as well as the ability to pursue future technology
developments."
ENDS
Notes to editors:
Terminology
Membrane Electrode Assemblies (MEAs) contain seven layers - the
catalyst-coated membrane (three layers); seals (two further
layers); and gas diffusion layers (another two additional layers,
giving total of seven layers). As such, MEAs contain the
three-layer catalyst-coated membrane (CCM) which is JM's primary
area of focus and drives the electrochemical reactions.
About Johnson Matthey
Johnson Matthey is a global leader in sustainable technologies,
catalysing the net zero transition. With over 200 years of
sustained commitment to innovation and technological breakthroughs,
we improve the performance, function and safety of our customers'
products. Our science has a global impact in areas such as low
emission transport, energy, chemical processing and making the most
efficient use of the planet's natural resources. Today, about
13,000 Johnson Matthey professionals collaborate with our network
of customers and partners to make a real difference to the world
around us. For more information visit www.matthey.com
About HyStar
Hystar AS , is a Norwegian high-tech innovative hydrogen
company. Hystar's PEM electrolysers are the most efficient and
safest in the world and have been designed for mass manufacturing
from the very beginning. The ultra-efficient design, which is
patented and unique to Hystar, enables their stack designs to use a
90% thinner membrane than conventional electrolysers, enabling more
than 10% lower energy consumption and more compact stacks using
less critical raw materials than the industry standard.
Hystar recently announced a Series B funding round of $26million
co-led by AP Ventures and Mitsubishi Corporation with additional
investors including Nippon Steel Trading, Hillhouse Investment and
Trustbridge Partners, alongside existing investors SINTEF Ventures
and Firda.
Enquiries:
Director of Investor Relations
Investor Relations Senior Investor Relations
Martin Dunwoodie Manager +44 20 7269 8241
Louise Curran Senior Investor Relations +44 20 7269 8235
Carla Fabiano Manager +44 20 7269 8004
Media
jmpr@matthey.com
+44 207 269 8001
Johnson Matthey Plc is listed on the London Stock Exchange
(JMAT)
Registered in England & Wales number: 00033774
Legal Entity Identifier number: 2138001AVBSD1HSC6Z10
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