Sprintex kicks off fuel cell compressor delivery to EU hydrogen shipping project
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Sprintex has begun delivery of fuel cell compressors as part of its participation in the €14m Sustainable Hydrogen powered Shipping Project (sHYpS) to decarbonise cruise liners.
The program is funded by the EU government and includes the repowering of six cruise liners, each with 16 modular hydrogen fuel cell power units of approximately 6mW each for a total of 96mW per ship.
The company has now completed manufacturing and testing, and commenced delivery of the initial A$270,000 S26 ultra-high- speed e-compressor order, with the program expected to bring revenue to Sprintex (ASX:SIX) of approximately $1.5 million for a six-ship trial.
The S26 model is well suited for hydrogen fuel cell-powered full size highway trucks, supporting fuel cells of up to 250kW and has applications in industrial processing including environmental wastewater treatment.
“We are very pleased to continue to mark off the Sprintex S26 ultra high-speed e-compressors milestones as we establish ourselves in the rapidly changing clean energy market,” MD Jay Upton said.
“The S26 order is another important step for Sprintex on its path to becoming a technology leader in the high-speed electric compressor industry.”
This article was developed in collaboration with Sprintex, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.