GTLS - Chart Industries chosen to supply hydrogen compressors for Chinese project

2023-07-25 18:17:32 ET

Chart Industries ( NYSE: GTLS ) said Tuesday it was selected by Dalian Clean Energy Group to supply hydrogen compression solutions from its Howden business for Dalian's hydrogen production project in China; financial terms were not disclosed.

Dalian's planned seawater hydrogen production project will integrate shoal photovoltaic, energy storage, seawater desalination and hydrogen production all in one venture.

Chart Industries ( GTLS ) said the project will be carried out in multiple phases, with an initial investment of ~800M renminbi ($112M) for the first phase to encompass the construction of 100 MW of shoal photovoltaic and 60 MW of hydrogen production, scheduled for completion and operation in October 2023.

Upon completion, the Dalian project is expected to generate 137M KWH/year of green electricity and produce 2K tons/year of green hydrogen.

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