Hydrogenics Corp (HYGS) announced that is has signed an agreement with Japan's Hitachi Zosen Corporation (Hitz) to develop hydrogen fuel cell-based power products. The agreement will see Hydrogenics combine its expertise in hydrogen fuel cell power systems with Hitz' power technology and experience with Japanese power markets.

The collaboration between Hitz and Hydrogenics will focus on stationary power applications, but will also investigate markets for transportation and hydrogen generation. [ more ]