DANBURY, Conn. and KUALA LUMPUR, Malaysia, March 06, 2025 (GLOBE NEWSWIRE) — The collaborative journey for both FuelCell Energy and MHB started with a memorandum of understanding in February 2023 on developing hydrogen production facilities across Asia, New Zealand, and Australia. The collaboration, under the Joint Development Agreement, will support a Detailed Feasibility Study for a low-carbon fuel production1 facility using solid oxide electrolysis (SOEC)2 technology with carbon dioxide and water as feedstocks in Malaysia. FuelCell Energy, Inc. (Nasdaq: FCEL) and Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE), a wholly owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (KLSE: MHB), have announced the signing of a Joint Development Agreement (JDA) to co-develop large-scale hydrogen production systems and technologies across Asia, New Zealand, and Australia.
Clean Hydrogen Production Takes a Major Leap Forward with FuelCell Energy and MHB Partnership.
A New Era in Clean Hydrogen Production
The partnership between FuelCell Energy and MHB (Munich, Germany-based Municipal Utility) marks a significant milestone in the pursuit of clean energy solutions. The Joint Development Agreement (JDA) is a testament to the growing recognition of the importance of hydrogen as a key component in the transition to a low-carbon economy.
Key Objectives of the JDA
The JDA is driven by a shared vision to make clean hydrogen production easily accessible and viable. This partnership aims to accelerate the development of a low-carbon economy by providing a reliable and efficient source of clean energy.
Benefits of the Partnership
The study will also assess the feasibility of integrating SOEC technology with existing power generation infrastructure.
Introduction
The partnership between FuelCell Energy and MHB (Munich, Bavaria, Germany) is a significant step forward in the development of low-carbon energy solutions. The collaboration aims to support a contract awarded to FuelCell Energy for a Detailed Feasibility Study (DFS) that will evaluate the production of low-carbon fuel utilizing SOEC (Solid Oxide Electrolysis Cell) technology. This technology has the potential to significantly reduce greenhouse gas emissions and contribute to a more sustainable energy future.
SOEC Technology
SOEC technology is a type of electrolysis that uses a solid oxide material to split water into hydrogen and oxygen. This process is more efficient and environmentally friendly compared to traditional electrolysis methods. The use of SOEC technology has several advantages, including:
A New Era of Hydrogen Development in Malaysia
The collaboration between MHB and FuelCell Energy marks a significant milestone in the development of the hydrogen value chain in Malaysia. This partnership is a testament to the country’s commitment to embracing innovative technologies and reducing its reliance on fossil fuels.
Key Objectives of the Partnership
The partnership aims to develop a comprehensive hydrogen value chain in Malaysia, which includes:
Harnessing the Power of Electricity to Fuel a Sustainable Future
## How Does SOEC Work?
FuelCell Energy is a leading provider of clean energy solutions, with a focus on SOEC technology.
Introduction
The world is facing an energy crisis, and the need for clean and sustainable energy solutions has never been more pressing. One technology that holds great promise for addressing this challenge is Solid Oxide Electrolysis (SOEC). Developed by FuelCell Energy, SOEC is an advanced technology that uses electricity to split steam into hydrogen and oxygen.
With a rich history spanning over 40 years, MHB has established itself as a leading player in the industry, offering a comprehensive range of services and solutions that cater to the needs of various sectors, including oil and gas, renewable energy, and marine construction.
A Brief History of MHB
MHB’s journey began in 1981, when it was founded as a small engineering company in Malaysia. Over the years, the company has grown and evolved, expanding its operations and services to meet the changing needs of the industry. Today, MHB is a multinational corporation with a global presence, serving clients in over 30 countries.
Key Milestones
Our team of experts is dedicated to delivering innovative solutions that support the UK’s net-zero ambitions.
The Green Energy Revolution: MHB’s Role in the UK’s Decarbonisation Efforts
A Leader in Renewable Energy
MHB is at the forefront of the green energy revolution, driving innovation and growth in the UK’s renewable energy sector. With a strong focus on sustainability, the company is committed to reducing carbon emissions and promoting a low-carbon economy. By constructing carbon capture facilities, advanced offshore wind farm substations, and providing fabrication services for green hydrogen facilities, MHB is playing a vital role in the UK’s net-zero ambitions.
Key Initiatives and Services
Expertise and Innovation
MHB’s team of experts is dedicated to delivering innovative solutions that support the UK’s net-zero ambitions. With a strong focus on research and development, the company is constantly exploring new technologies and techniques to improve the efficiency and effectiveness of its green energy initiatives.
Nor Mariam Mohd Nazir Hp: +6012 341 9494 Email: nor.mariam@mmhe.com.my Farah Nabilah Mohd Azman Hp: +6011 2634 2915 Email: farah.nabilah@mmhe.com.my A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/53587c5c-36ce-4fc5-bad4-da812c834e80
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