Our 300-kilowatt SOFC product, developed in collaboration with a strategic partner, promises higher electrical efficiency than our current PAFC products. It also boasts greater reliability and cost efficiency compared to other SOFC products on the market. By using a nearly identical reversible solid oxide stack design for our SOFC and electrolyzer, we aim to drive efficiencies and scale up manufacturing. This product will expand our portfolio for the stationary fuel cell market, particularly benefiting mission-critical applications like data centers and ocean vessels.

Our fuel cells are the world's first to pass solid oxide fuel cell components environmental testing for maritime application. Learn more here.

For land transportation applications, we are developing a 100-kilowatt power pack, which is a fuel cell based on polymer electrolyte membrane (PEM) technology. These power packs are designed for large vehicles such as passenger buses, heavy- and medium-duty trucks and other industrial vehicles that use diesel engines, which, according to recent estimates, are responsible for 35% of global greenhouse gas emissions in the transportation sector in 2020.

We are currently developing PEM power packs for use in buses, heavy- and medium-duty trucks and other specialty industrial and commercial vehicles. We intend to design our PEM power packs to be compatible with our Tri-Gen System (which can serve as hydrogen-charging stations) and PEM electrolyzers, with the vision of offering an end-to-end solution for the commercial and industrial transportation sector.

Building on our SOFC expertise for stationary applications, we are engineering a SOFC propulsion system for maritime use. The SOFC propulsion system is expected to be a viable solution for long-haul maritime vessels that will face new emissions requirements pursuant to the next phases of the Energy Efficiency Design Index (EEDI) issued by International Maritime Organization, a special agency of the United Nations responsible for the safety, security and sustainability of international maritime matters.

While certain improvements to the current LNG engines may provide a short-term solution to satisfy the next phase of requirements beginning in 2025, the industry will need a new technology to meet the demands of the subsequent phase, scheduled to come into effect in 2030. Given that the average life of a long-haul maritime ship is approximately 10 years, major global shipbuilding and maritime transport companies are actively seeking LNG engine alternatives that will secure longer-term efficiency for compliance with upcoming regulations.

Our SOFC propulsion system is being designed to be more efficient, durable and cost-effective than alternatives currently available in the market. In addition, our key focus is on ensuring a greater life expectancy for our propulsion units to align with the useful life of the ship it will power, given that the average life of a long-haul maritime ship is approximately 10 years.