CLIFTON, N.J., March 13, 2002 — H Power Corp., a fuel cell development company, Wednesday announced that it will deliver a 4.0 kW cogeneration fuel cell system to Naps Systems Oy (Naps), a solar power system company based in Finland and a subsidiary of Fortum Corporation, also based in Finland.
This delivery will be under the previously announced distribution agreement between H Power and Naps. The cogeneration fuel cell system will be delivered in the first half of 2002. Naps will in turn deliver the cogeneration fuel cell system to Birka Energi, which has a cooperation project with the research and development department of ABB in Sweden to supply an energy system for an environmental information center.
H Power’s cogeneration fuel cell system will be installed at the Environmental Information Centre in Hammarby Sjostad Stockholm, Sweden, to use and demonstrate a sustainable energy system that provides both electricity and heat. Birka Energi and ABB have selected an H Power cogeneration fuel cell system as their core energy source for this project.
H Power’s cogeneration fuel cell system will be fueled by stored hydrogen produced through a photovoltaic solar cell system combined with an electrolyzer. A second source of hydrogen will be from biogas produced from municipal waste at a nearby plant, which will be fed to H Power’s fuel processor to produce high-quality hydrogen. The fuel cell system will be “net metered,” enabling excess electricity generated by the fuel cell system to be fed back into the power grid.
H. Frank Gibbard, Chief Executive Officer of H Power Corp., commented, “We are proud that our cogeneration fuel cell system has been chosen as the core energy unit for a sustainable energy project in conjunction with such global names as ABB and Birka Energi. Delivery of this H Power fuel cell system to Naps will demonstrate our commitment to ensuring the success of our strategic partnerships, as well as our belief that H Power’s PEM fuel cells can make a significant contribution to the creation of sustainable energy infrastructures throughout the world.”
Timo Rosenlof, President and CEO of Naps Oy, stated, “This cogeneration fuel cell system is an important step in our cooperation with H Power. Our global partnership and customer networks represent great potential and have lots of interests towards fuel cells. We believe we can sharply increase volumes in the near future, and demonstrations like this one with Birka Energi and ABB are valuable promotions for those parties considering investment in this great new technology. As a solar power systems company, we want to demonstrate to our interest groups our high level of technical expertise. Within our agreement with H Power, we are capable of supplying very advanced systems with both fuel cell and solar power components included. This is not just a nice technical invention but something we can deliver today.”
About H Power Corp.
H Power Corp. is a fuel cell development and manufacturing company, focused on near-term commercialization of fuel cell systems. H Power has designed proton-exchange membrane (PEM) fuel cell systems to provide electricity for a wide range of stationary, portable and mobile applications including residential cogeneration products for homes, and power units for mobile applications.
H Power is addressing markets for its products in the U.S., Japan and Europe through its relationships with, ECO, Mitsui, Osaka Gas, Kurita Water Systems, Gaz de France, PSA Peugeot Citroen, Naps Systems Oy, Fortum Oyj, Air Products & Chemicals, Ball Aerospace, Energy Co-Opportunity and Dupont. H Power has manufacturing facilities in Monroe North Carolina and Montreal Canada. For additional information, please visit our website at www.hpower.com.
About Naps Systems Oy
Naps Systems Oy is one of the suppliers of solar power systems and solutions for off-grid applications worldwide. Since the beginning of the 1980s, Naps Systems has delivered solar energy systems to more than fifty countries all over the world. The main application areas for Naps Photovoltaic products are remote power supply for industry, for Rural development and for European homes and vacation homes. Naps Systems has direct presence in Finland, Sweden, Norway, England, France and Kenya. The other areas are covered with an extensive agent network. For additional information please visit www.napssystems.com.