Fives and GuofuHee partner to develop hydrogen mobility

A technological leader in cryogenics for over 65 years, Fives has been at the forefront of hydrogen development for decades. The Group has over 50 references in hydrogen liquefaction equipment including hydrogen specific brazed aluminum heat exchangers and cryogenic pumps. This collaboration with GuofuHee, a leading private supplier of integrated solution for the entire hydrogen value chain, will enable Fives to continue to support the expansion and optimise the performance of liquid hydrogen installations for the Chinese market, notably for liquefaction, storage, and transportation applications.

Since 2019, GuofuHee has been leading the hydrogen market in China, providing and operating supply systems, refuelling stations and generation units. The company has had more than 30% average annual growth over the last 5 years. With the support of Fives’ heat exchangers, cold boxes and cryogenic pumps, GuofuHee aims to become the largest provider of hydrogen equipment in China, for both storage and transportation applications, to support a more sustainable mobility.

“Fives has been developing cryogenic solutions for the Chinese market for over 15 years and we recently expanded our production capacities locally to answer the growing need for hydrogen equipment. As a pioneer in the decarbonisation of industry, we are thrilled, through this partnership with GuofuHee, to support the development of the green mobility,” said Frédéric Thrum, Deputy General Manager and President of the Energy Division at Fives.

“Liquid hydrogen is an important part of GuofuHee’s business development strategy. We are honoured to establish this strategic partnership with Fives to deliver more cost effective and top-quality products to our customers. We hope this cooperation with Fives will be extended to other areas and look forward to developing hydrogen technologies for many years to come,” said Pinfang Wu, Board Chairman of Jiangsu Guofu Hydrogen Energy Equipment Co, Ltd.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/07022024/fives-and-guofuhee-partner-to-develop-hydrogen-mobility/