Business
TFP HYDROGEN ANNOUNCES EXPANSION IN NORTH AMERICA
TFP HYDROGEN ANNOUNCES EXPANSION IN NORTH AMERICA.
About this update from James Cropper Plc
[{"type":"text","content":"\n\n\n\n\n\n\n\n7 June 2023\n\n\n\n\n\n\n\n \n\n\n\nJames Cropper plc\n('James Cropper', the 'Company' or the 'Group')\nTFP HYDROGEN ANNOUNCES EXPANSION OF ELECTROLYSER COATING CAPACITY IN NORTH AMERICA\n \nJames Cropper plc (AIM:CRPR), a global market leader in advanced materials, luxury packaging and paper products, today announces that its wholly-owned subsidiary, TFP Hydrogen Products (\"TFP Hydrogen\"), a leading provider of high-performance coatings for PEM water electrolyser components, plans a threefold increase in its US-based coating production capacity in the next 12 months. This significant expansion will enable the Company to benefit from the rapidly increasing demand for its coatings which improve the efficiency and durability of PEM water electrolysers, one of the foremost technologies in the transition to using green hydrogen.\n \nTFP Hydrogen has installed a specialised electrolyser coating technology at its site in Schenectady, New York, USA to provide local production and support for North American customers. This new line, which can support 600MW electrolyser manufacturing capacity per annum, is now fully operational and its rapid installation and commissioning forms the basis of the future expansion plans.\n \nScalable manufacturing\nThe new line is based on the specialist coating technology that TFP Hydrogen has developed in Cornwall, UK and has been specifically designed with scalability in mind to facilitate and respond to the exponential growth within the green hydrogen market. The U.S. Department of Energy (DOE) anticipates that U.S. electrolyser capacity alone will have to increase from 0.17 gigawatts (\"GW\") today to over 1,000 GW by 2050. The line provides a blueprint for future TFP Hydrogen coating lines worldwide, supporting the electrolyser manufacturing hubs being established globally as the technology adoption accelerates.\n \nTFP Hydrogen's coating technology addresses the key material challenges in using titanium PEM electrolyser components. TFP Hydrogen's technology improves long term component performance and durability and an increased system lifetime, ultimately lowering the long-term cost of green hydrogen production.\n \nCommenting on the expansion plans James Cropper CEO, Steve Adams, said: \"In line with our strategic realignment to focus on large, growin...