Echandia deepens strategic partnership with Toshiba to develop fuel cells for heavy duty maritime applications

Press release 2022-06-22

Echandia, a leading developer of energy solutions for maritime electrification, has entered into an agreement to deepen its collaboration with Toshiba. The partnership agreement will focus on the development of fuel-cell technology combined with batteries to accelerate electrification of the maritime sector.

Echandia and Toshiba has a long history of strategic collaboration. Historically, Echandia has built its successful Lithium Titanium Oxide (LTO) based battery systems based on the Toshiba rechargeable LTO battery cell SCiB. During the years of collaborating, Echandia has grown to be a global leader in maritime electrification.

As demand for electrification of deep-sea and larger vessels builds up, heavy-duty and durable fuel-cell solutions are becoming an increasingly important part of the solution to decarbonize maritime transportation.

The objective of the partnership between Toshiba and Echandia is to develop the market for maritime fuel cell solutions, focused on extreme heavy-duty applications. The fundamental strength in all Echandia’s solutions is safety, durability, and superior lifetime. The same qualities will permeate our fuel cell offering. With this partnership we see the possibility to increase the lifespan of a typical fuel cell with at least 200 percent.

Mr. Magnus Eriksson, CEO, Echandia comments:

Echandia is proud to announce this partnership with Toshiba, a world leader and innovator in pioneering high technology. We have a long history of working successfully together, and I am excited to strengthen the relationship further. Toshiba will be an invaluable partner in terms of develop our fuel cell systems, says Magnus Eriksson, CEO Echandia

Mr. Shigehiro Kawahara, Vice President of the Toshiba ESS, Energy Aggregation Div comments: 

Since Toshiba ESS began working on fuel cell systems in the 1960s, we have been advancing the development of hydrogen-related technologies. Striving toward the realization of a hydrogen society, we aim to provide high value-added hydrogen solutions by integrating related technologies such as renewable energy-derived hydrogen energy. By expanding our business through this collaboration, we will help make a carbon-neutral society a reality, says Shigehiro Kawahara, Vice President of the Energy Aggregation Div.

For more information:

Magnus Eriksson, CEO, Echandia: +46 733 99 55 15 – m.eriksson@echandia.se
Carl Bjurling, Head of Communication, Echandia: +46 727 31 23 10 – c.bjurling@echandia.se

About Echandia

Echandia is a world leader in the development of advanced battery and fuel-cell systems for maritime and industrial applications. Echandia’s solutions are designed to meet the highest quality and life-time requirements and endure the toughest demands and operational profiles. Echandia is based in Stockholm, Sweden. For more information, please visit: www.echandiagroup.com

About Toshiba Energy Systems and Solutions Corporation

Toshiba Energy Systems & Solutions Corporation is a leading supplier of integrated energy solutions. With its long experience and expertise in wide range of power generating and transmitting systems and energy management technology, the company delivers innovative, reliable and efficient energy solutions across the globe. Split off from Toshiba Corporation (TOKYO: 6502) in October 2017. For more information, please visit www.global.toshiba/ww/company/energy.html