GEV RECEIVES APPROVAL IN PRINCIPLE FOR ITS C-H2 SHIP CONTAINMENT SYSTEM

HIGHLIGHTS:

•  GEV has received Approval in Principle (AIP) from American Bureau of Shipping (ABS) for its C-H2 Ship containment system, based on a cargo capacity of 2,000 tonnes of hydrogen.
•  The engineering review undertaken by ABS confirmed that the C-H2 Ship can meet the high standards of safety required by shipping classification societies.
•  Extensive HAZID scenarios were also assessed with ABS concluding “That there were no unresolvable or unmitigable risks identified during the HAZID that would prevent further successful development of the compressed hydrogen ship design”.
•  GEV can now confidently progress through to final detailed engineering design and testing to obtain Full Class Approval for the construction of the C-H2 Ship.
•  Commercial and technical discussions for the development of GEV’S C-H2 supply chain are being advanced via: - Partnerships with renewable energy projects targeting hydrogen export; and - Development of GEV’s own pilot scale renewable energy project for the export of hydrogen.

ABS concluded “That there were no unresolvable or unmitigable risks identified during the HAZID that would prevent further successful development of the compressed hydrogen ship design”. On this basis, ABS issued their Approval in Principle. This is a major milestone and allows GEV to proceed with further technical and commercial development.

The positive conclusions of the HAZID and achievement of Approval in Principle provides a solid foundation for progressing the engineering to advance GEV’s hydrogen export opportunities.

Disc: On my watchlist although this could be a very good milestone

GEV SIGNS MOU WITH BALLARD POWER SYSTEMS TO DEVELOP FUEL CELL POWERED C-H2 SHIP

( For those that don't know MOU is a memorandum of understanding aka an agreement and C-H2 Ship is a Hydrogen powered ship)

HIGHLIGHTS:

• GEV and Ballard Power Systems Inc. (Ballard) have executed a Memorandum of Understanding (MOU) to design and develop a hydrogen fuel cell system for GEV’s C-H2 Ship.

• GEV and Ballard will work to power the C-H2 Ship using Compressed Hydrogen from its storage tanks, providing a zero-emission marine transport supply chain.

• Ballard will be responsible for the design of the fuel cell system (FC System), utilising its FC WaveTM Technology and to assist GEV with the integration of the FC System into the design of the C-H2 Ship.

• Both parties will work collaboratively to complete a final design and procure all necessary approvals, and full costing for the C-H2 Ship, utilising a Ballard FC System.

• Listed on the TSX and NASDAQ, Ballard is headquartered in Toronto, and is a global leader in the development of clean energy products that includes FC Systems for the marine sector, with 6 hydrogen fuel cell-powered vessel projects currently underway.

If this comes off it could put the "cat among the pigeons" meanwhile very interesting