The Generator Market11 Jun 2021 07:15
I had a 1-1 zoom meeting with the Chairman of Aquarius Engines a week ago. Their first contract for the hydrogen powered version of their horizontal single piston, lightweight engine was for €250m euros with an option to extend to €600m euros. The contract is with Nokia for generators. The market for generators is massive and a lightweight, low cost alternative to fuel cell generators needed to replace ff generators is massive. The company can also provide range extenders for vehicle powertrains, now a more attractive option with their hydrogen engine variant. These initiatives expand the contract opportunities for ITM power as the demand for hydrogen increases.