Since its foundation in October 2018, Blue World Technologies has worked towards the goal of commercialising methanol fuel cell technology through large-scale production. In September 2019, just a year after the company’s establishment, the construction of production facilities for Blue World Technologies was paused due to construction difficulties. However, Blue World Technologies was able to adapt and continue developing new production methods and optimising processes. Now the company is starting a limited methanol fuel cell production as the first step in commercialising the technology.
Anders Korsgaard, CEO and Co-founder of Blue World Technologies, said: “One of the most crucial elements we have been working on these past two years is bringing down the production time and costs of the fuel cell components. We have now reached a point which enables us to move one step closer towards commercialising the technology to be able to compete with conventional technologies”.
The limited production that has now been started allows Blue World Technologies to deliver systems and components to customers as an initiating step towards scaling up production. The experience gained from the limited production will be used to continue the optimisation of production methods and processes as the company will move onto serial production of 2000 – 5000 units. Blue World Technologies is expected to continue upscaling production with an aim to reach a full-scale commercial production capacity of 50 000 fuel cell units within three years.
“There is an increased focus on Power-to-X and there is a big market demand for alternative technologies providing CO2 reduction, which we also see in both our current order books but also in the initiated dialogues we have with potential customers. Starting this initial production now allows us to progress with development and trial projects with customers,” explains Mads Friis Jensen, CCO and Co-founder of Blue World Technologies.
The methanol fuel cell technology has great potential in the maritime, heavy-duty, stationary, and passenger vehicle markets. Blue World Technologies has a partner approach to fully leverage the potential of these markets. As a clean alternative to combustion engines and diesel generators, methanol fuel cell technology provides multiple benefits such as cost-saving, CO2 reduction (or even a CO2 neutral operation when running on green methanol) and zero harmful emissions. The fuel cells run on methanol which is an easy-to-use e-fuel as it is liquid at atmospheric pressure. This makes refuelling convenient and makes it possible to integrate and reuse in the world’s existing infrastructure. Methanol is a fuel that can be produced from green sources and is CO2 neutral in a well-to-wheel perspective. Therefore, it is a solid alternative to fossil fuel and can contribute to the green transition in multiple industries around the world.
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