Concentric to supply solution for hydrogen electric power generators

This business nomination, valued in excess of SEK1 million, serves as a testament to Concentric’s technology and the role it plays in the ongoing green transition.

The strategic importance of this prototype order extends beyond its immediate financial value, signifying Concentric’s venture into a market with high potential for sustainable energy generation. By working closely with an industry-leading OEM, Concentric will strengthen its position within the energy systems market and contribute towards a broader shift to sustainable power sources. According to a recent report by Markets and Markets, hydrogen power has emerged as a clean and sustainable alternative to traditional fossil fuel-based generators and the global hydrogen power generation market is expected to grow at a CAGR of 10.5% from 2022 to 2027.

Martin Kunz, President & CEO of Concentric AB, said: “This award underlines our commitment to grow our existing products in energy systems. This new end market has similar application requirements as the markets we traditionally operate in and the integration of high voltage fans represents a significant advancement in the mobile hydrogen power sector. This innovation ensures optimal performance and improved operational efficiency, enabling the generator to meet demanding power requirements whilst ensuring optimal safety.”

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/24072023/concentric-to-supply-solution-for-hydrogen-electric-power-generators/