FuelCell Energy and Malaysia Marine and Heavy Engineering Sdn Bhd Collaborate under a Joint Development Agreement for Detailed Feasibility Study Award for Low-Carbon Fuel Production Facility in Malaysia
06 Março 2025 - 6:00AM
- 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.
Building on a memorandum of understanding signed in February
2023, the JDA represents a pivotal step for the two companies,
driven by a shared vision to make clean hydrogen production easily
accessible and viable. The collaboration underscores FuelCell
Energy and MHB’s commitment to advancing green energy solutions and
supporting global decarbonization and energy transition goals.
Under the terms of the JDA, the two companies will bring
together FuelCell Energy’s cutting-edge solid oxide electrolyzer
(SOEC) technology and MHB’s expertise in large-scale fabrication to
develop modular solutions that support rapid deployment of
commercial hydrogen production.
Project Award: Detailed Feasibility Study (DFS) in
Malaysia
In conjunction with the JDA, FuelCell Energy and MHB are
collaborating to support a contract awarded to FuelCell Energy for
a Detailed Feasibility Study (DFS) of a low-carbon fuel production
facility in Malaysia. The DFS will evaluate the production of
low-carbon fuel utilizing SOEC technology with carbon dioxide and
water as feedstocks.
Additionally, as part of the DFS, the companies will collaborate
with KBR LLC, which will provide its proprietary low-carbon fuel
synthesis technology.
The project aligns with Malaysia’s goals to achieve net-zero
carbon emissions by 2050, while advancing its national hydrogen
value chain.
Quotes by the CEOs
FuelCell Energy President and CEO, Jason Few, commented, "Our
collaboration with MHB is a significant step forward in
establishing our place in the hydrogen and low carbon fuels market,
showing our global reach and demonstrating our ability to scale up
for large-scale projects through strategic collaborations in a
variety of industries.”
MHB Managing Director and CEO, Mohd Nazir Mohd Nor, said, “We
are pleased to continue our collaboration with FuelCell Energy as
we take another step forward in developing the hydrogen value chain
in Malaysia. Building on our earlier efforts, this partnership
highlights our readiness to take on larger-scale projects.
He added, “By leveraging MHB’s extensive fabrication
capabilities and FuelCell Energy’s innovative SOEC technology, we
aim to deliver real, scalable solutions that can attract strong
stakeholder support and drive progress in the energy transition.
This ongoing effort reflects our commitment to contributing towards
a cleaner, low-carbon future.”
Notes to
Editors
- Low-Carbon Fuel
Production: A proprietary process that converts
hydrogen (as a result of the SOEC process in this case) and carbon
monoxide into synthetic fuels, offering a sustainable alternative
to traditional fuels.
- Solid Oxide Electrolysis
(SOEC): An advanced technology that uses electricity to
split steam into hydrogen and oxygen, with the hydrogen used as a
feedstock to further process into low-carbon fuels.
About FuelCell Energy
FuelCell Energy, a pioneer in clean energy technology, provides
efficient and sustainable power, carbon capture, and hydrogen
solutions worldwide. The company’s fuel cells have been in
commercial operation for more than 20 years and are able to run on
various fuels including natural gas, hydrogen, and biofuel. The
company’s installations have a wide variety of applications,
including support of the electric grid, distributed baseload power
on site for data centers, industrial operations, and major
manufacturers. Founded in 1969 in Danbury, Connecticut, FuelCell
Energy holds more than 530 patents that enable solutions for
today’s energy needs. Learn more about our groundbreaking
technology at fuelcellenergy.com. Learn more about FuelCell
Energy’s electrolyzer here.Contact:FuelCell
Energyir@fce.com 203.205.2491
Kathleen Blomquistkblomquist@fce.com
203.546.5844
About MHB
Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) is a
globally trusted energy and marine solutions provider for a wide
range of offshore and onshore facilities and vessels.With an
illustrious 50-year history of proven excellence and a reputation
for delivering integrated solutions to international energy
clients, we operate the largest fabrication yard in Malaysia and
one of the largest in Southeast Asia. Our specialisation lies in
energy offshore construction, including deepwater facilities,
marine repair, conversion services, and marine refurbishment, with
a niche focus on Liquefied Natural Gas (LNG) carriers.
Today, MHB is at the forefront of the green energy revolution,
spearheading initiatives in renewable energy and decarbonisation.
Leveraging our extensive expertise, we construct carbon capture
facilities, advanced offshore wind farm substations, and provide
fabrication services for green hydrogen facilities, supporting our
clients’ aspirations for cleaner and more sustainable energy
solutions.
Our capabilities and track record in summary:
- Full range engineering, procurement, construction, installation
& commissioning (EPCIC) services for offshore structures.
- Complete offshore facility conversion services in one
location.
- Comprehensive ship repair, refurbishment, upgrading and life
extension of various types of vessels and rigs.
For more information, kindly contact MHB Corporate
Communications:
Nor Mariam Mohd NazirHp: +6012 341 9494Email:
nor.mariam@mmhe.com.my
Farah Nabilah Mohd AzmanHp: +6011 2634 2915Email:
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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