06 nov 2024
Industrie De Nora and Japan's Asahi Kasei have signed a memorandum of understanding to collaborate on the development and commercialization of small-scale electrolyzers for green hydrogen production.
These compact systems, designed to fit in smaller spaces, aim to serve industries that are challenging to decarbonize.
De Nora will leverage its upcoming Gigafactory in Italy to enhance its Dragonfly electrolyzer, while Asahi Kasei will utilize its global network for sales and support.
The partnership is driven by the rising demand for green hydrogen as a clean alternative to fossil fuels, with the market responding positively to the news.
Industrie De Nora and Asahi Kasei have entered into a strategic partnership to address the growing demand for green hydrogen, a clean alternative to fossil fuels.
This collaboration focuses on the development and commercialization of small-scale electrolyzers, which are compact enough to be installed in smaller industrial spaces.
De Nora plans to utilize its Gigafactory in Cernusco sul Naviglio, Italy, to further develop its proprietary Dragonfly pressurized electrolyzer, designed for decentralized green hydrogen production.
Asahi Kasei will leverage its extensive global network to create sales opportunities and provide post-sale support, particularly in rapidly growing industrial markets like mobility.
The market has reacted positively to this partnership, with De Nora's stock rising nearly 5%, despite a significant decline earlier in the year.
The initiative is part of a broader trend where companies are increasingly investing in water electrolysis systems to meet the rising demand for compact, cost-effective, and quickly deployable hydrogen production solutions.
CEO Paolo Dellachà highlights that this partnership will open new commercialization pathways for sectors requiring hydrogen, such as mobility and metallurgy.