News Room - Business/Economics

Posted on 10 Mar 2025

FuelCell Energy, Malaysia’s MHB ink electrolyser partnership

US-based FuelCell Energy and Malaysia Marine and Heavy Engineering Holdings (MHB) are joining forces to develop large-scale hydrogen production systems.

The two companies have agreed on a joint development agreement, under which FuelCell will provide solid oxide electrolyser (SOEC) technology for green hydrogen plants in Asia. MHB will contribute its expertise in large-scale fabrication to develop modular solutions for projects located across Asia, New Zealand, and Australia, Kallanish learns. 

The undisclosed deal comes after the pair signed an MOU in 2023 to scale up hydrogen solutions to bring production costs down.

Separately, MHB contracted FuelCell to carry out a detailed feasibility study for a fuel production facility in Malaysia, which would use SOEC technology to process CO2 and water. The fuel synthesis technology will be provided by Texas-based company KBR.

Malaysia is betting on green hydrogen to cut 15% of its greenhouse gas emissions, as part of its net zero goal by 2050. Last year, the government unveiled a roadmap targeting the production of 2 million tonnes/year of green hydrogen by 2030, growing to 16m t/y by 2050.

The companies did not indicate when manufacturing would commence or whether potential customers have already been identified.

Source:Kallanish