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    JMAT   GB00BZ4BQC70

JOHNSON MATTHEY PLC

(JMAT)
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Johnson Matthey : JM and Plug Power Inc. partner to accelerate delivery of advanced materials for next-generation electrolyser technology for green hydrogen

05/27/2021 | 05:11am EDT

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

Contact:

Tel: 54 230 4529999

Fax: 54 230 4529990

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
JOHNSON MATTHEY PLC -0.79% 2988 Delayed Quote.24.21%
PLUG POWER INC. -1.92% 26.55 Delayed Quote.-21.70%
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Sales 2022 4 394 M 6 094 M 6 094 M
Net income 2022 439 M 608 M 608 M
Net Debt 2022 1 020 M 1 414 M 1 414 M
P/E ratio 2022 13,3x
Yield 2022 2,75%
Capitalization 5 802 M 8 054 M 8 047 M
EV / Sales 2022 1,55x
EV / Sales 2023 1,49x
Nbr of Employees 13 258
Free-Float 95,3%
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Robert James MacLeod Chief Executive Officer & Executive Director
Stephen Oxley Chief Financial Officer & Executive Director
Patrick Webster Thomas Chairman-Supervisory Board
Paul Jonathan Coby Chief Information Officer
Maurits Van Tol Chief Technology Officer
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