PR89730

Johnson Matthey and Plug Power Inc. Partner to Accelerate the Delivery of Advanced Materials for Next-Generation Electrolyser Technology for Green Hydrogen, Supporting the transition to Net-Zero

LONDON, May 26, 2021 /PRNewswire=KYODO JBN/ --

Johnson Matthey, a global leader in sustainable technologies, announced today a

Memorandum of Understanding with Plug Power, a leading provider of turnkey

green hydrogen solutions. Under the MoU the companies will develop a roadmap to

accelerate the joint development of high-performance electrolyser technology

with improved durability, increased performance, and greater energy efficiency

than systems available today.

The collaboration will focus on the development, validation and incorporation

of JM's advanced materials in Plug Power's leading electrolyser systems. The

companies will also investigate the development of a closed loop recycling

system for the critical platinum group metals (pgm) used as catalysts in these

systems.

Johnson Matthey and Plug Power believe strongly in building the hydrogen

economy and have a wealth of experience across a broad spectrum of the hydrogen

economy value chain. Johnson Matthey has a proven track record and deep

expertise in developing innovative high-performance coating materials, CCM

technology and as the world's largest secondary refiner of pgm is perfectly

placed to drive the creation of closed loop recycling systems within the green

hydrogen supply chain.

Plug Power is a leading manufacturer of electrolysers used to manufacture green

hydrogen. Recently they solidified their global leadership position in green

hydrogen solutions and built the foundation to lead the emerging $10T hydrogen

economy. They are the largest user of liquid hydrogen and have made a

significant commitment to be a major player in the generation of green hydrogen

with plans to achieve 500T of capacity daily in the US by 2025, 1,000T globally

by 2028. This combination of capabilities will enable Plug Power to deliver

world-class systems to the market and build a sustainable value chain for the

future.

"We're excited to take our relationship with Plug Power, a leader in

electrolyser systems, to the next level, working together to drive the

development of world leading technologies with significantly improved

performance and an integrated plan for recycling key materials," commented

Eugene McKenna, Managing Director, Green Hydrogen, Johnson Matthey. "Our CCMs

draw on innovations in catalyst, membrane and additive development built over

many years and which are the foundation of our Green Hydrogen business today.

Equally important is to enable a sustainable energy transition, which is why we

will continue to drive the creation of closed loop recycling systems within the

supply chain, to recover and reuse as much critical pgm material as possible.

Plug Power has an innovative electrolyser technology and their knowledge and

market position make them an ideal partner."

"The new generation of proton exchange membrane (PEM) electrolysers will

require solutions that are able to meet the increasing demands on efficiency

and performance. We are excited to collaborate with JM on driving the

integration of leading electrolyser component technology that will bring

another vital element to reach a fully sustainable green hydrogen economy,"

said Rick Mason, VP Operations, Plug Power.

About Johnson Matthey

Johnson Matthey is a global leader in science that enables a cleaner and

healthier world. With over 200 years of sustained commitment to innovation and

technological breakthroughs, we improve the performance, function and safety of

our customers' products and in 2020 we received the London Stock Exchange's

Green Economy Mark, given to companies that derive more than 50% of revenues

from environmental solutions. Our science has a global impact in areas such as

low emission transport, pharmaceuticals, chemical processing and making the

most efficient use of the planet's natural resources. Today more than 15,000

Johnson Matthey professionals collaborate with our network of customers and

partners to make a real difference to the world around us.  

SOURCE: Johnson Matthey