RCS - Cropper(James) PLC - TFP HYDROGEN ANNOUNCES EXPANSION IN NORTH AMERICA

James CropperAnnouncement

07/06/2023 07:00

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RNS Number : 8534B  Cropper(James) PLC  07 June 2023

   7 June 2023

James Cropper plc

('James Cropper', the 'Company' or the 'Group')

TFP HYDROGEN ANNOUNCES EXPANSION OF ELECTROLYSER COATING CAPACITY IN NORTH
AMERICA

 

James Cropper plc (AIM:CRPR), a global market leader in advanced materials,
luxury packaging and paper products, today announces that its wholly-owned
subsidiary, TFP Hydrogen Products ("TFP Hydrogen"), a leading provider of
high-performance coatings for PEM water electrolyser components, plans a
threefold increase in its US-based coating production capacity in the next 12
months. This significant expansion will enable the Company to benefit from the
rapidly increasing demand for its coatings which improve the efficiency and
durability of PEM water electrolysers, one of the foremost technologies in the
transition to using green hydrogen.

 

TFP Hydrogen has installed a specialised electrolyser coating technology at
its site in Schenectady, New York, USA to provide local production and support
for North American customers. This new line, which can support 600MW
electrolyser manufacturing capacity per annum, is now fully operational and
its rapid installation and commissioning forms the basis of the future
expansion plans.

 

Scalable manufacturing

The new line is based on the specialist coating technology that TFP Hydrogen
has developed in Cornwall, UK and has been specifically designed with
scalability in mind to facilitate and respond to the exponential growth within
the green hydrogen market. The U.S. Department of Energy (DOE)
(https://www.energy.gov/eere/fuelcells/water-electrolyzers-and-fuel-cells-supply-chain-deep-dive-assessment)
anticipates that U.S. electrolyser capacity alone will have to increase from
0.17 gigawatts ("GW") today to over 1,000 GW by 2050. The line provides a
blueprint for future TFP Hydrogen coating lines worldwide, supporting the
electrolyser manufacturing hubs being established globally as the technology
adoption accelerates.

 

TFP Hydrogen's coating technology addresses the key material challenges in
using titanium PEM electrolyser
(https://www.tfphydrogen.com/products/pemwe-component-coatings) components.
TFP Hydrogen's technology improves long term component performance and
durability and an increased system lifetime, ultimately lowering the long-term
cost of green hydrogen production.

 

Commenting on the expansion plans James Cropper CEO, Steve Adams, said: "In
line with our strategic realignment to focus on large, growing end markets
with higher margin opportunities, we are pursuing an aggressive innovation
roadmap that supports the rapid growth of the hydrogen economy.  The
fast-growing renewable energy and decarbonisation markets are creating an
ever-greater need for novel and high-performance materials and our continued
investment in the US facility provides a local supply and technical ground
support for North American electrolyser manufacturers, as well as supporting a
lean, short, supply chain, which enables rapid response to the significant
demand increases the hydrogen sector continues to experience."

 

Hydrogen Technology Expo 28-29 June 2023

To support the projected increase in US production capacity, TFP Hydrogen will
be exhibiting its advanced electrochemical materials on stand 730 at the
forthcoming Hydrogen Technology Expo
(https://www.tfphydrogen.com/news-insights/events/hydrogen-technology-expo-houston-2023)
in Houston Texas, USA from 28-29th June. Solutions for the electrolysis and
fuel cell markets include coatings for porous transport layers (PTLs), meshes
and bipolar plates (BPPs), alongside a range of high-performance
electrocatalyst powders and gas diffusion layer substrates (GDL).

 

Dr. David Hodgson, Managing Director of TFP Hydrogen, will also be speaking on
the 29th June at the show's associated conference, focussing on "Reducing the
Cost of Green Hydrogen Generation: Every Microvolt Counts". The presentation
will demonstrate how TFP Hydrogen's materials help to reduce the total
lifetime cost of green hydrogen production and enable PEM electrolyzers to
progress towards achieving the 'Hydrogen Shot'
(https://www.energy.gov/eere/fuelcells/hydrogen-shot) - a DOE initiative that
seeks to reduce the coats of clean hydrogen by 80% to $1 per 1 kilogram in 1
decade ("1 1 1").

 

To register for the Hydrogen Technology Expo visit: www.hydrogen-expo.com/
(http://www.hydrogen-expo.com/)

To find out more about TFP Hydrogen visit: www.tfphydrogen.com
(http://www.tfphydrogen.com)

 

Enquiries:

 James Cropper plc

 Rosina Merrett

 Mob: +44 (0) 7500 083559

 Rosina.merrett@cropper.com

 www.jamescropper.com (http://www.jamescropper.com)

 Shore Capital - (NOMAD and Broker)

 Robert Finlay, Henry Wilcocks, John More, Lucy Bowden

 Tel: +44 (0) 7601 6100

 Buchanan Communications - Financial PR

 Chris Lane, Charles Ryland, Jamie Hooper, Verity Parker

 jamescropper@buchanancomms.co.uk

 Tel: +44 (0) 207 466 5000

 

Notes for editors:

James Cropper is a market leader in advanced materials and paper products. Led
by the Cropper family for six generations, the business has an international
workforce and an operational reach in over 50 countries.

Established in 1845, the Group manufactures paper, packaging and advanced
materials incorporating pioneering non-wovens and electrochemical coatings.

James Cropper is a specialist provider of niche solutions tailored to a unique
customer specification, ranging from substrates and components in hydrogen
electrolysis and fuel cells to bespoke colours and textures in paper and
moulded fibre packaging designed to replace single use plastics.

The Group operates across multiple markets from luxury retail to renewable
energy. It is renowned globally for service, capability, pioneering and multi
award-winning commitment to the highest standards of sustainability.

James Cropper's goal is to be operationally carbon neutral by 2030 and to
reduce carbon through its entire supply chain to net zero by 2050.

James Cropper Future Energy, incorporates TFP Hydrogen, and includes materials
and products for fuel cells, carbon capture, batteries and wind.

Specialises in enabling customers to develop market leading solutions, in
areas such as PEM water electrolysis, hydrogen fuel cells, wind energy and
carbon capture. To facilitate this, the Company has strengthened their
offering in the rapidly growing Hydrogen sector with the acquisition of TFP
Hydrogen Products in 2021. TFP Hydrogen produces coated components for PEM
water electrolysis which reduce the cost of producing Green Hydrogen, a
critical part of the global transition to sustainable energy. In addition,
TFP's materials not only reduce the cost of hydrogen generation, they also
facilitate it's use as our nonwovens are used as Gas Diffusion Layer (GDL)
substrate in many of the world's hydrogen fuel cells.

 

James Cropper Technical Fibres focuses on markets including aerospace,
defence, construction and industrial as well as in renewable energy, where
there is a strong focus on enabling green technologies, such as fuel cells,
green hydrogen generation, wind energy and electric vehicles. A global
operation with sites in the UK and USA and a worldwide sales and support
network.

Growth in the renewable energy sector and the hydrogen economy is of strategic
importance to James Cropper.  In the next 5 years, the aim is for the
majority of sales to come from applications that support the Global drive to
net zero carbon emissions, enabling the energy transition.

 

To find out more about TFP and TFP Hydrogen Products, the materials used and
how they make a difference, please visit: www.tfpglobal.com
(http://www.tfpglobal.com) and www.tfphydrogen.com
(http://www.tfphydrogen.com) .

 

 

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