The fuel cell power module will be slated for market-readiness in 2025 in the maritime industry, and will convert hydrogen from various sources into clean electricity without carbon emissions.
The team of analysts at DBS Group Research has kept its “hold” call and target price of 63 cents on Nanofilm Technologies International (SGX:MZH
) following the company’s announcement of a partnership with Shanghai Hydrogen Propulsion Technology to develop a fuel cell power module.
Nanofilm entered the partnership via its subsidiary, Sydrogen, a 65%-owned joint venture with state investment firm Temasek.
