Fuel Cell Energy Inc FCEL entered into Memorandum of Understanding (MOU) with Chart Industries Inc GTLS Development of decarbonization and hydrogen technologies.

• The companies will use their respective expertise to enable efficient capture of carbon dioxide (CO2) for use or sequestration, as well as the production and storage of gaseous or liquefied hydrogen.
• FuelCell Energy has expertise in manufacturing two high-temperature electrochemical fuel cell power platforms for power decarbonization and hydrogen production, and Chart Industries can produce equipment for CO₂ and hydrogen compression and liquefaction.
• “We believe that the combination of Chart and FuelCell Energy technology will holistically meet customer needs for hydrogen and CO.”₂ Liquefaction, compression, storage, beverage grade CO₂and transportation,” said the CEO of FuelCell Jason Few.
• “For example in the food and beverage industry, where access to beverage-grade CO is possible₂ is vital to operations, but often in short supply. We believe our combined strengths will help the sector with consistent pricing, availability and quality.”

price action: FCEL shares are trading 8.25% higher at $2.30 at last check on Monday.

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