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December 21, 2020
Chart Charts Canadian Hydrogen Course Written by William C. Vantuono, Editor-in-Chief
Chart Industries, Inc., a significant player in the rail industry for providing equipment for LNG (liquefied natural gas)-powered locomotives, has made a significant investment in a Canadian supplier of hydrogen fuel cell technology.
Chart, which describes itself as “a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including hydrogen,” has acquired a 15.6% stake in Vancouver, B.C.-based Hydrogen Technology & Energy Corporation (HTEC), which designs, builds and operates hydrogen fuel supply solutions to support the deployment of hydrogen fuel cell (HFC) electric vehicles. Chart’s C$20 million investment is in capital stock on a fully diluted basis.