Today, Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global engineering design firm and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, announced that it has executed a Memorandum of Understanding (“MOU”) with 8 Rivers Capital, LLC (“8 Rivers”), a climate technology company leading the energy industry towards achieving Net Zero, to evaluate 8 Rivers’ portfolio of proprietary licensable technologies and processes and identify where Chart’s technologies and systems can complement or bring added value to the 8 Rivers offerings.
This collaboration includes developing equipment for 8 Rivers technologies backed up by Chart’s decades of experience in the design and manufacture of cryogenic, compression and process technologies, to assist 8 Rivers in delivering a reliable and cost-effective solution to their customers.
The companies will work together to identify and develop commercial opportunities to integrate Chart offerings into 8 Rivers projects.
Relevant: Chart Industries & FuelCell Energy Sign Decarbonization And Hydrogen Deal
8 Rivers is dedicated to pioneering the clean energy and climate future. It has developed new technologies such as 8RH2, a process to generate ultra-low carbon hydrogen with full carbon capture, and the Allam-Fetvedt Cycle, a revolutionary process which helps to generate low-cost power from carbon-based fuels without producing air emissions.
Through this collaboration, Chart would become one of the suppliers of choice for various liquefaction, refrigeration processes, or liquefaction and refrigeration equipment technologies, cold boxes, heat exchangers, compressors, fans, liquid hydrogen storage tanks and trailers, and other associated equipment needed to implement 8 Rivers’ technologies.
Cam Hosie, CEO of 8 Rivers, said, “I am thrilled to announce this significant partnership with Chart that will propel us closer to our goal of achieving net zero, driving rapid deployment of clean energy systems globally. Together, we can harness the power of shared vision, collective expertise, and a shared commitment to a sustainable future.”
“We’re looking forward to collaborating with 8 Rivers and building upon our combined expertise, in particular bringing our gaseous and liquid hydrogen solutions to our joint customers looking to achieve their net zero targets,” stated Jill Evanko, CEO and President of Chart.
Read more: 8 Rivers’ New Technology Captures >99% Of Hydrogen Production Emissions
