Chart Industries Joins Hydrogen Forward Coalition as Founding Member

Rhea-AI Summary

Chart Industries, NYSE: GTLS, has joined a coalition of 11 companies called Hydrogen Forward, aiming to advance hydrogen development in the U.S. This initiative emphasizes hydrogen's role in decarbonizing energy-intensive industries like transportation and mining. CEO Jillian Evanko noted the company’s long-standing production of hydrogen-related equipment and its applications across various sectors. Hydrogen Forward seeks to promote policies that facilitate energy transition and infrastructure development for hydrogen technologies.

Positive

• Joining Hydrogen Forward coalition enhances collaborative efforts in hydrogen development.
• Chart's expertise in hydrogen-related equipment positions it well in the clean energy transition.

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• None.

ATLANTA, Feb. 03, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today announced it joined 10 other like-minded companies in launching Hydrogen Forward, a coalition of 11 companies focused on advancing hydrogen development in the United States. The coalition brings together companies invested in all links of the hydrogen value chain from source to service with a common goal of realizing hydrogen’s potential to power our daily lives and decarbonize energy intensive industries, such as transportation and mining.

“Chart Industries has been producing hydrogen-related equipment for over 50 years, and we are continuing to discover its many applications as a safe, reliable and versatile fuel,” said Jillian Evanko, president and CEO of Chart Industries. “We believe hydrogen will be a key part of the clean energy transition, and our products make it possible for hydrogen to be used in delivery trucks, forklifts, cars, power generation, and even aerospace. We are pleased to be a part of Hydrogen Forward with such great partners to continue to build hydrogen solutions.”

Chart Industries and Hydrogen Forward support policies that accelerate the energy transition, bolster U.S. energy and climate leadership, and establish a clear, comprehensive strategy for hydrogen and related infrastructure development that will allow the U.S. to harness the significant benefits of these technologies.

About Chart Industries, Inc.

Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple applications in the Energy and Industrial Gas markets. Chart’s unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. At the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to LNG, hydrogen, biogas and CO2 capture amongst other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With over 25 global locations from the United States to Asia, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities. To learn more, visit www.chartindustries.com.

About Hydrogen Forward

Hydrogen Forward is a joint initiative of 11 companies – Air Liquide, Anglo American, Bloom Energy, CF Industries, Chart Industries, Cummins Inc., Hyundai, Linde, McDermott, Shell and Toyota – committed to advancing hydrogen for a cleaner, stronger U.S. economy. The coalition works in concert with allies across industries and sectors to educate decisionmakers and stakeholders on the value hydrogen delivers today and the important role that it should play in our future. To learn more about the initiative and its member companies, visit www.HydrogenFwd.org.

For more information, click here:

http://ir.chartindustries.com/ 

Investor Relations Contact – Chart Industries:

Wade Suki, CFA
Director of Investor Relations
832-524-7489
wade.suki@chartindustries.com

FAQ

What is the Hydrogen Forward initiative launched by Chart Industries?

Hydrogen Forward is a coalition of 11 companies, including Chart Industries, focused on advancing hydrogen development in the U.S.

How does Chart Industries contribute to hydrogen technology?

Chart Industries has over 50 years of experience in producing hydrogen-related equipment for various applications.

What industries could benefit from hydrogen solutions as mentioned by Chart Industries?

Hydrogen solutions can benefit industries such as transportation, mining, and aerospace.

What is the stock symbol for Chart Industries?

The stock symbol for Chart Industries is GTLS.

When was the Hydrogen Forward coalition announced?

The Hydrogen Forward coalition was announced on February 3, 2021.