Chart Industries Secures Major Hydrogen Solutions Contracts with Repsol and Element Resources’
ATLANTA, May 28, 2024’ - Chart Industries, Inc. (NYSE: GTLS), a well-regarded global player in clean energy and industrial gas solutions, has announced two substantial orders that underscore its pivotal role in advancing hydrogen technologies. Both awards highlight the company’s growing influence in the renewable energy sector and its diversification into hydrogen infrastructure.
In the latest development, Chart Industries has been selected to provide its state-of-the-art Howden hydrogen compression solutions for Repsol’s Alba project. This project is part of a significant 657 million euro expansion at Repsol’s Sines industrial complex in Portugal. The Alba project aims to enhance the refinery’s sustainability by integrating advanced hydrogen compression systems, thus supporting Repsol’s broader goal of reducing carbon emissions and transitioning towards cleaner energy solutions. Chart Industries’ technology will play a crucial role in the efficient and safe handling of hydrogen, which is essential for the success of the project.
Earlier this year, Chart Industries also secured another significant order from Element Resources Inc for its Lancaster Clean Energy Center (LCEC). Located in the City of Lancaster, California, LCEC is a major renewable green hydrogen production facility poised to contribute vastly to the green hydrogen market. The order comprises a hydrogen liquefier, liquid hydrogen transports, and ISO containers, all pivotal components for efficient hydrogen production, storage, and transportation. This project reinforces Chart Industries’ position as a key supplier of comprehensive solutions catering to the growing demand for green hydrogen.
These two strategic orders highlight Chart Industries’ commitment to assisting major corporations in their transition to greener energy solutions. By providing specialized hydrogen compression and liquefaction technologies, Chart is aiding in the decarbonization of industrial operations and fostering the development of sustainable energy infrastructure globally.
These partnerships not only reflect Chart Industries’ technological expertise but also signify the accelerating shift towards clean energy within heavy industries. Both the Repsol and Element Resources projects are expected to play influential roles in setting industry standards for hydrogen use, reinforcing the global pivot towards renewable resources.
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