The agreement will focus on the joint creation of hydrogen fuel cell products and service offerings, with an initial focus on three key areas: marine, rail and stationary power generation. The collaboration will develop products and services that will directly support global efforts to decarbonise transport, energy and critical national infrastructure.
The collaboration will create opportunities for
Both parties will consider the benefits achieved through the use of low cost, readily available, and high energy dense green ammonia fuel (rather than hydrogen gas) as a fuel of choice in off-grid or remote power needs, including international shipping and distributed power generation.
"The role for
"We are delighted to be collaborating with one of the world's leading engineering houses in Ricardo to fully explore new and innovative ways in which our alkaline fuel cell system can be deployed across a range of industries where traditional reliance on combustion of fossil fuels is no longer seen as a viable or acceptable means of remote power generation. We look forward to furthering our collaboration with Ricardo in our key markets of focus, with each providing enormous opportunities in their own right."
"Ricardo has a world leading pedigree in the energy transition towards sustainable and green power, working with many of the world's leading Original Equipment Manufacturers and industrial partners in pursuit of engineering solutions that support Net Zero aspirations. We also recognise
"We are very pleased to be collaborating with
Following several months of engagement, the two companies have already jointly submitted proposals to Ricardo clients, addressing particular client needs pertinent to grid instability and the need for zero emission alternative power. Further opportunities will be identified in 2021 for joint collaboration across key markets.
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About Ricardo plc
Ricardo plc is a global strategic engineering and environmental consultancy that specialises in the transport, energy and scarce resources sectors. Ricardo's work extends across a range of market sectors – including passenger cars, commercial vehicles, rail, defence, motorsport, energy and environment – with a client list that includes transport operators, manufacturers, energy companies, financial institutions and government agencies. In addition to technical consultancy services, Ricardo has in-house engineering capabilities that enable the Company to design and deliver high-quality prototypes and low-volume manufacturing of complex products and assemblies, including engines, transmissions, electric motors and generators, battery packs and fuel cell systems.
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