Blue World Technologies acquires stake in Danish Power Systems
To strengthen its market position, Denmark-based methanol fuel cell developer Blue World Technologies ApS has acquired a 15 percent stake in compatriot Danish Power Systems ApS, a highly recognised developer and manufacturer of membrane electrode assembly (MEA) technology. The MEA is one of the core components in the fuel cell stack, and with a focus on high-efficiency Blue World Technologies is going to utilise the proven technology of Danish Power Systems for its methanol fuel cell systems.
In September 2019, Blue World Technologies aims to begin construction of a methanol fuel cell factory at the Port of Aalborg, Denmark with an annual production capacity of 50 000 units. The close collaboration with Danish Power Systems will, the company says, bring “extensive technical know-how and manufacturing experience” to the partnership.
It is with great pleasure that we can announce that Blue World Technologies has taken our strong collaboration with Danish Power Systems to the next level. Utilising the MEA-technology of Danish Power Systems for our methanol fuel cell systems means that our systems are going to be based on the best technology platform on the market, said Dr Anders Korsgaard, CEO of Blue World Technologies.
With an aim to become the world-leading manufacturer of highly energy-efficient methanol fuel cell systems at a competitive price, the strategic collaboration with Danish Power Systems plays a significant part in scaling-up the production of the methanol fuel cell systems.
Earlier this year, Danish Power Systems celebrated its 25th anniversary working with development and manufacturing of MEA-components based on HT PEM-technology (High-Temperature Polymer Electrolyte Membrane).
A few years after Danish Power Systems was established back in 1994, they were amongst the first companies in the world to work with HT PEM-technology, and many years of research and development has resulted in a market-leading position within manufacturing of MEA-components.
Alongside the MEA-production, Danish Power Systems has a highly-skilled R&D team that – in close collaboration with experts from some of the most recognised Universities and Institutes worldwide – is working continuously on technology optimisation and price reduction.
It is a great opportunity for us to work with such an ambitious company as Blue World Technologies that is currently working on a large-scale production setup of fuel cells. The partnership with Blue World Technologies means that we will be getting closer to the market and end-users providing us with unique knowledge that we can use to continue optimising our products, said Hans Aage Hjuler, CEO of Danish Power Systems.