Blue World Technologies upgrades production facilities to match demand
Danish methanol fuel cell technology developer and manufacturer Blue World Technologies ApS, has announced that it has taken over an 8 500 m2 production building on the Port of Aalborg, which has the capacity to commercialize the company's methanol fuel cell technology.
“This location does not only provide the space to scale-up our fuel cell component production to match the market demand but it also covers the need for all of our project activities”, said CEO and Co-founder Anders Korsgaard.
As a part of the Power-to-X (PtX) eco-system the methanol fuel cell technology contributes to solving parts of the green transition that cannot be solved by direct electrification and battery technology alone.
Since its founding in 2018, the aim of the company has been to commercialize the methanol fuel cell technology, components, and systems through large-scale production providing a green alternative to internal combustion engines and generators for the automotive and heavy-duty transportation sectors as well as stationary/APU applications in industries around the world.
Therefore, the company has been on a search for the right production facilities. Several options have been in play, and with an advantageous offer to take over an 8 500 m2 production building at Langerak 15A on the Port of Aalborg, Denmark, the last piece of the puzzle has fallen into place.
Sometimes opportunities arise that cannot be passed, and this was one of them. We are very pleased that we have now found the right location for us to set up – to our knowledge – the largest methanol fuel cell factory in the world. This location does not only provide the space to scale-up our fuel cell component production to match the market demand, especially within the heavy-duty transportation sector, but it also covers the need for all of our project activities, said Anders Korsgaard CEO and Co-founder of Blue World Technologies.
In late 2020, when Blue World Technologies announced the closing of a successful investment round, it was also announced that the company was taking over a production building at the Port of Aalborg.
This was a newly constructed building of 2 000 m2 that would act as a stepping stone providing the possibility to set up production with an annual capacity of up to 5 000 fuel cell units. Production in this building is planned to start in mid-2021 as a pre-series production.
Meet growing demand
The upgrade to a production building of 8 500 m2 is a cost-efficient solution as it not only meets Blue World Technologies’ requirements for the first serial production but also for further scale-up that is planned for the coming years all in one location.
The building was taken over on February 1, 2021, and production equipment for core fuel cell components such as membrane and electrode for the membrane electrode assembly(MEA) will be installed within the first half of 2021.
Blue World Technologies expects to continue upscaling the production with an aim to reach a full-scale commercial production capacity of 50 000 fuel cell units per year within the next three years.
Worldwide, the focus on alternative energy technologies is increasing enormously and this shift towards a more renewable future has a positive impact on the Danish developer and manufacturer of methanol fuel cells in terms of interests from customers around the world within different industries.
According to the company, its order book holds orders worth “a significant double-digit million euro” amount thus the company knew that more space would be required within a short time frame. So when a last-minute offer came to take over a building four times the size, a lease agreement was quickly finalized.