Danish methanol fuel cell (MFC) technology developer and manufacturer Blue World Technologies ApS have announced that it has entered into a strategic alliance with Germany-headed DEUTZ AG, one of the world’s leading manufacturers of innovative drive systems. The partnership, which is centred around a sale and service agreement with DEUTZ, will strengthen Blue World Technologies’ market access through DEUTZ’s large worldwide sales and service network.
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DEUTZ is specialized in the development, production, distribution, and servicing of diesel, gas, and electric drive systems for professional off-highway drivetrain applications.
It offers a broad range of engines delivering up to 620 kW that are used in construction equipment, agricultural machinery, material handling equipment, stationary equipment, commercial vehicles, rail vehicles, and other applications.
With a focus on innovation and having a broad product spectrum, DEUTZ is welcoming fuel cell technology as part of its engagement in green technology.
By partnering with Blue World Technologies, DEUTZ is expanding its activities in the development of climate-neutral drive systems. In the business with gensets, we see an exceptionally attractive market that we are looking to tap into together with Blue World, said Dr Frank Hiller, CEO of DEUTZ.
Strengthen global reach and climate impact of methanol fuel cells
The partnership is centred around a sale and service agreement with DEUTZ and will strengthen Blue World Technologies’ market access through DEUTZ’ large worldwide sales and service network, which currently covers more than 800 sales and service providers in 130 countries around the world.
Genset users are now expecting zero-emission, climate-neutral technology for their applications too. Fuel cells that run on ‘green’ methanol provide an ideal solution here. DEUTZ is thus making further headway with new technologies that will move it beyond the conventional engine to offer climate-neutral solutions even for the off-highway segment and stationary applications, Dr Frank Hiller said.
The partnership agreement is subject to final due diligence with completion expected during Q4 2021 at which time Deutz will assume a 10 percent equity interest in Blue World Technologies.
As a technology leader in the development and production of methanol fuel cell components, stacks, reformers, and systems Blue World Technologies see a large potential in the collaboration with DEUTZ that from the beginning also enabled the company to bring in an additional partner.
We are very excited about this partnership with DEUTZ. It means we will be able to work with one of the world’s leading developers and manufacturers of engines on the joint development and distribution of our fuel cell technology. DEUTZ’ investment is also giving us a boost ahead of our planned public listing, and our partnership with DEUTZ will be a major contribution towards meeting our mutual goals, said Anders Korsgaard, Co-founder and CEO of Blue World Technologies.
Both Blue World Technologies and DEUTZ are dedicated to changing the market for traditional internal combustion engines (ICEs) providing an alternative supporting the shift towards green technologies.
The partnership is enabling a global reach for Blue World’s climate- and environmentally friendly stationary fuel cell gensets through DEUTZ’ large sales and service network.
The synergy between the two companies will push the green energy transition forward reducing both carbon dioxide (CO2), nitrogen oxides (NOx), sulphur oxides (SOx), and particle matter (PM) emission.
When the fuel cells are fuelled with green methanol produced from green electricity and CO2 from non-fossil sources e.g. biomass, waste, or direct air capture, the system will have a net-zero CO2 emission.
Danish Growth Fund to take a stake
Besides the collaboration with DEUTZ, which primarily is concentrated around stationary fuel cell gensets, Blue World Technologies continues its activities on fuel cell stack and supporting subsystem deliveries and system development to OEMs within a wide variety of industries, for example within the transportation sector where the fuel cell technology has a large potential.
Examples of this are the ongoing activities within the maritime sector where Blue World Technologies is exploring the use of methanol fuel cells as marine auxiliary power in a modular design scalable up to 5 MW and the effort within auxiliary power units (APU) for mobility applications.
Furthermore, we are happy to announce that Vaekstfonden, the Danish Growth Fund, also expects to take a significant stake in Blue World Technologies. We have a strong relationship with Vaekstfonden and with these two strategic partners on board, we can speed up the process of building one of the largest fuel-cell factories in Europe to meet customer demand, ended Anders Korsgaard.
