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Methanol fuel cell stack
Methanol fuel cell stack

Press release -

Blue World Technologies acquires globally recognised manufacturer of fuel cell components to strengthen its market position

请在这里查看相应中文版 / Dansk version kan findes som relateret indhold / Die deutsche Version können Sie unter Verwandte Themen finden / Please find Chinese, Danish, and German versions as related content.

Blue World Technologies, developer and manufacturer of methanol fuel cells, is acquiring Danish Power Systems, a 25-year-old HT-PEM material research company.

On 29 December 2020, the respective general assemblies at Blue World Technologies and Danish Power Systems approved a combination of the two companies, whereby Danish Power Systems is acquired by and subsequently merged into Blue World Technologies to strengthen the market position of Blue World Technologies. The transaction follows the acquisition Blue World Technologies made in August 2019, where the company initially bought 15 % of the shares in Danish Power Systems. The transaction awaits the approval of the Danish Authorities.

For more than 25 years, Danish Power Systems has been working with high-temperature PEM (HT-PEM) technology and was one of the first companies in the world to start research and development activities within this technology. Based on its outstanding MEA-technology (membrane electrode assembly) Danish Power Systems is widely recognised around the world. Since Blue World Technologies was founded in 2018 with the vision and strategy to commercialise the methanol fuel cell technology, their fuel cell platform has been built using the MEA-technology of Danish Power Systems.

“The experience and knowhow the team from Danish Power Systems is bringing into Blue World Technologies are second to none. In the 20 years, I have been working with fuel cell technology I have not seen other component suppliers capable of providing the same stability, power density, and well-proven component-lifetime as Danish Power Systems. The acquisition of Danish Power Systems is, therefore, an important and value-adding step for us to secure additional technology competences strengthening and benefitting our fuel cell production,” states Anders Korsgaard, CEO and Co-founder of Blue World Technologies.

With the strong experience and competences of Danish Power Systems’ team, Blue World Technologies is able to accelerate product development to optimise the technology platform bridging R&D activities and market needs. With an industrial approach, Blue World Technologies is differentiated from most other manufacturers of methanol fuel cells and fuel cell systems, by having all technologies and core component manufacturing within the fuel cell stack value-chain in-house, and in some cases even to system level.

“For many years, our activities have been centred around R&D. Now we are very much looking forward to being part of Blue World Technologies and contribute to the ambitious goal of commercialising the HT-PEM methanol fuel cell technology. It is taking us much closer to the market where we can really see our technology make a difference in the race towards a greener future,” says Hans Aage Hjuler, CEO of Danish Power Systems.

Blue World Technologies has initiated the commercialisation of the methanol fuel cell technology through large-scale production and is planning to start up pre-series production in mid-2021 with a production capacity of up to 5,000 units (50MW). The company is targeting to reach a full-scale commercial production capacity of up to 50,000 fuel cell units within three years. Large-scale and cost-efficient production is key for a truly commercialised breakthrough of methanol fuel cell solutions as a green alternative to industries around the world.

An important role in the Power-to-X value chain

Within the past couple of years, Power-to-X has gained global ground, both on the political scene and in many industries. In the green transition, Power-to-X technologies are going to play a significant role, especially within the sectors where direct electrification is not possible or feasible, which for example could be within heavy-duty transportation. When transforming green electricity into liquid fuel, such as methanol, it is possible to reuse the existing global infrastructure for storage and distribution while reducing fossil fuel consumption, and thereby, cutting down CO2 emissions.

Methanol and other e-fuels can be used to fuel conventional combustion engines and generators, either as a stand-alone fuel or as an additive, or they can be used to power fuel cells. On the utility side of the Power-to-X value chain, Blue World Technologies’ fuel cell technology is striving to play an important role. With high electrical efficiency of up to 45 %, Blue World Technologies’ methanol fuel cells will for many applications provide a much higher efficiency compared to combustion engines and generators. In addition, the fuel cells provide a clean and environmentally friendly operation where emissions of harmful particles such as NOx and SOx are eliminated. Furthermore, the operation can be either CO2 neutral or have a significantly reduced CO2 emission depending on the origin of the fuel, contributing to the combat against severe air pollution and climate changes. 

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Blue World Technologies is an ambitious and visionary developer and manufacturer of methanol fuel cell components and systems for stationary/APU applications and the automotive and heavy-duty transportation sectors around the world. The fuel cells act as a green alternative to combustion engines and diesel generators. As a part of the Power-to-X eco-system the methanol fuel cell technology contributes to solving parts of the green transition which cannot be solved by direct electrification and battery technology alone.

The exclusive fuel for Blue World Technologies’ fuel cell systems is methanol – a renewable liquid fuel that simply and cost-effectively can be stored for years and transported around the world while reusing existing infrastructure.

Blue World Technologies is founded on extensive experience from the fuel cell industry and aims towards commercialising the technology through large-scale production. The company is focused on the High-Temperature PEM-technology combined with methanol-reforming. The combination ensures a simple system design with high conversion efficiency and significant benefits including CO2 reduction, fuel cost savings, and zero harmful emissions.

In December 2020 Blue World Technologies closed its most recent investment round of 6.4 mEUR and is aiming at a future Initial Public Offering.

Read more about Blue World Technologies on our website www.blue.world or visit us on social media.     

Press contacts

Anne Kvist

Anne Kvist

Press contact Head of PR and Communication +45 31 60 16 71

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ENGLISH:
About Blue World Technologies

Blue World Technologies is an ambitious and visionary developer and manufacturer of HT-PEM fuel cell components and systems for stationary and APU applications and the automotive and heavy-duty transportation sectors around the world. The fuel cells act as a green alternative to combustion engines and diesel generators. As a part of the Power-to-X eco-system the methanol fuel cell technology contributes to solving parts of the green transition that cannot be solved by direct electrification and battery technology alone.

Blue World Technologies’ fuel cells run primarily on methanol – a renewable liquid fuel that simply and cost-effectively can be stored for years and transported around the world while reusing existing infrastructure.

Blue World Technologies is founded on extensive experience from the fuel cell industry and aims towards commercialising the technology through large-scale production. The company is focused on the High-Temperature PEM technology combined with methanol-reforming. The combination ensures a simple system design with high conversion efficiency and significant benefits including CO2 reduction, fuel cost savings, and zero harmful emissions.

Read more about Blue World Technologies on our website www.blue.world or visit us on social media.


DANISH:
Om Blue World Technologies

Blue World Technologies er en ambitiøs og visionær udvikler og producent af HT-PEM brændselscellekomponenter og -systemer, for stationære generatorer og hjælpegeneratorer samt industrier inden for personbiler og tung transport rundt om i verden. Brændselscelleteknologien er et grønt alternativ til forbrændingsmotoren og dieselgeneratoren. Som en del af Power-to-X økosystemet, bidrager methanol brændselscelleteknologien til at løse nogle af de udfordringer i den grønne omstilling, som direkte elektrificering og batterier ikke kan løse alene.

Blue World Technologies’ brændselsceller kører primært på methanol – et flydende brændstof, der simpelt og rentabelt kan lagres i flere år samt transporteres rundt i verden ved hjælp af den eksisterende infrastruktur.

Blue World Technologies er grundlagt på stor erfaring fra brændselscelleindustrien og med en målsætning om at kommercialisere teknologien gennem storskala produktion. Virksomheden fokuserer på højtemperatur PEM-teknologi kombineret med methanol reformering. Denne kombination sikrer et simpelt systemdesign med høj konverteringseffektivitet og betydningsfulde fordele som CO2-reduktion, brændstofbesparelser og ingen udledning af skadelige emissioner.

Læs mere om Blue World Technologies på vores hjemmeside www.blue.world eller besøg os på sociale medier.

CHINESE:
关于蓝界科技(Blue World Technologies)

蓝界科技是一家有雄心和远见的高温质子交换膜燃料电池组件及系统研发商和制造商。其产品可应用于全球固定电源、APU、汽车和重型交通运输等场景。其燃料电池将成为内燃机和柴油发电机的绿色替代品。作为Power-to-X生态系统的一环,其甲醇燃料电池技术将为无法实现直接电气化或无法应用电池技术等领域的绿色转换提供解决方案。

蓝界科技的燃料电池的以甲醇燃料为主。甲醇是一种可再生、可使用现有基础设施便捷便宜实现长时间存储和全球运输的液态燃料。

蓝界科技由拥有丰富的燃料电池行业经验的团队创立,公司的目标在于通过大规模生产实现甲醇燃料电池技术的商业化。蓝界科技致力于高温质子交换膜与甲醇重整相结合的技术,其产品设计简洁,能量转换效率高,拥有碳排量低、燃料成本低、有害物零排放等显著优点。

欢迎访问我们的主页 www.blue.world 或社交媒体 social media了解更多资讯。

GERMAN:
Über Blue World Technologies

Blue World Technologies ist ein ehrgeiziger und visionärer Entwickler und Hersteller von Hochtemperatur-PEM Brennstoffzellen-Komponenten und Systemen für stationäre und APU-Anwendungen und für den Automobil- und Schwerlasttransportsektor auf der ganzen Welt. Die Brennstoffzellen sind eine umweltfreundliche Alternative zu Verbrennungsmotoren und Dieselgeneratoren. Als Teil des Power-to-X-Ökosystems unterstützt die Methanol-Brennstoffzellentechnologie denjenigen Teil des ökologischen Umbaus, der nicht allein durch direkte Elektrifizierung und Batterietechnologie bewältigt werden kann.

Blue World Technologies verwendet als Energieträger für seine Brennstoffzellensysteme primär Methanol – ein erneuerbarer flüssiger Kraftstoff, der unter Verwendung der vorhandenen Infrastruktur einfach und kostengünstig jahrelang gelagert und um die Welt transportiert werden kann.

Blue World Technologies kann auf umfangreiche Erfahrungen aus der Brennstoffzellenindustrie zurückgreifen und hat sich zum Ziel gesetzt, der Technologie durch Massenproduktion zum Durchbruch zu verhelfen. Das Unternehmen konzentriert sich auf die Hochtemperatur-PEM-Brennstoffzelle in Kombination mit Methanol-Reforming. Diese Kombination gewährleistet ein einfaches Systemdesign mit hoher Umwandlungseffizienz und erheblichen Vorteilen wie CO2-Reduzierung, Kraftstoffkosteneinsparungen und null schädlichen Emissionen.

Lesen Sie mehr über Blue World Technologies auf unserer Website www.blue.world oder besuchen Sie uns in den sozialen Medien.

Blue World Technologies
Lavavej 16
9220 Aalborg Øst
Denmark