Fuel cell system maker Plug Power has announced a memorandum of understanding with Honda R&D of Japan to collaborate on a research project to explore concepts for a home-based hydrogen vehicle refueling system and Honda’s intention to purchase two stationary fuel cell power generation systems from Plug Power.
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The companies anticipate completing the supply arrangements for the two stationary fuel cell power generation systems later this year.
The companies also expect to complete a definitive agreement for the home refueling system collaboration during 2002.
A home refueling system is a fuel cell product that will provide heat, hot water, and electricity to a home, while also providing hydrogen fuel for a fuel cell vehicle. The device will be fueled by natural gas, and is expected to be environmentally friendly due to its high efficiency and low emissions.
