Blue World Technologies, a developer of methanol fuel cell systems, has acquired 15% of fuel cell component manufacturer Danish Power Systems to help scale-up production of its technology.
Later this year, Blue World Technologies is starting the construction of a methanol fuel cell factory with a yearly production capacity of 50,000 units, and the close collaboration with Danish Power Systems will bring extensive technical know-how and manufacturing experience to the partnership, with the company a developer of MEA (membrane electrode assembly) technology.
The methanol fuel cell system is applicable to a variety of industries with a primary focus on the transportation sector. The exclusive fuel for the Blue World Technologies’ fuel cell systems is methanol, a fuel that is CO2 neutral when produced from renewable sources. Being a liquid fuel, methanol can easily be stored and transported around the world using the already existing infrastructure with only minor adjustments.
The concept is working together with batteries in hybrid configurations and reduces the number of batteries and enabling extended range and fast recharging.
“It is a great opportunity for us to work with such an ambitious company as Blue World Technologies that is currently working on a large-scale production setup of fuel cells. The partnership with Blue World Technologies means that we will be getting closer to the market and end-users providing us with unique knowledge that we can use to continue optimizing our products”, says Hans Aage Hjuler, CEO at Danish Power Systems.
