Horizon Accelerates in the Transport Sector with 30MW Project
Summary
The first stage will deliver 6MW per year of production capacity, with the balance to be brought online to address increasing demand for PEM Fuel Cells in the burgeoning Chinese market.George Gu, Horizon CEO, was quoted as saying, “Horizon is delighted to work closely with such a progressive local government as that in Rugao, and we see enormous potential for this JV and future projects in China, which will undoubtedly soon lead the world in FCEV’s.It’s very appealing for our city of Rugao to play a leadership role in commercialising fuel cell systems for vehicle applications in China.” Horizon will maintain control and majority ownership of the new JV, and sees this as just the first step in the exciting journey of scaling up substantially the manufacturing capability on high-power stacks.The first stage will deliver 6MW per year of production capacity, with the balance to be brought online to address increasing demand for PEM Fuel Cells in the burgeoning Chinese market.The benefits to the city of Rugao extend beyond the obvious effects of establishing Rugao as a centre of excellence in Fuel Cells, to improving the local environment through increased use of cleaner power sources, something of enormous value to growing cities throughout China.It’s very appealing for our city of Rugao to play a leadership role in commercialising fuel cell systems for vehicle applications in China.”Horizon will maintain control and majority ownership of the new JV, and sees this as just the first step in the exciting journey of scaling up substantially the manufacturing capability on high-power stacks.