Proton Motor Power Systems PLC has achieved a significant milestone by securing a new order for a standalone fuel cell system in Spain's burgeoning tourism sector. The company announced that it has been selected to supply its cutting-edge fuel cell technology to a prestigious hotel in Palma de Mallorca as part of the ambitious Green Hysland project. The project's primary objective is to establish a fully functional hydrogen ecosystem on the picturesque holiday island, positioning Mallorca as the leading "hydrogen hub" in Southern Europe.
Under the Green Hysland initiative, Mallorca aims to produce green hydrogen through solar energy, and the hydrogen will be utilized to power various critical sectors on the island, including tourism, transportation, industry, and energy. Dr. Faiz Nahab, CEO of Proton Motor Power Systems, expressed enthusiasm about the company's foray into the Spanish market, highlighting how this order signifies a noteworthy expansion in the company's market presence. Furthermore, Proton's fuel cell system's versatility is demonstrated by its application across multiple industries, delivering reliable, secure, and clean energy solutions for a wide range of business-critical systems.
Proton Motor Power Systems plans to deliver the fuel cell system to its customer in Palma de Mallorca in the first half of 2024, with revenue recognition expected to occur in the same year. The Green Hysland project's success is expected to set a compelling example for other regions seeking to harness the power of green hydrogen for sustainable and eco-friendly energy solutions, further solidifying Proton Motor Power Systems' reputation as a key player in the clean energy technology sector.
Source: