| Hydrogen Fuel to Account For 20 Percent of Power Industry Worldwide
Roughly 20 percent of global power industry will be based on the
hydrogen fuel in future, GMK Norilsk Nickel General Director Mikhail
Prokhorov said in Krasnoyarsk Friday, Interfax reported. Prokhorov is
also Norilsk Nickel co-owner.
In early April, Prokhorov will vacate the GD office at GMK Norilsk
Nickel to establish a new company that will focus on projects of
hydrogen power generation. Prokhorov and GMK's second owner, Vladimir
Potanin, are willing to complete the assets' split by the end of this
year.
In the field of hydrogen power generation, Norilsk Nickel holds 35
percent in Plug Power, which entered into a strategic partnership
agreement with New Energy Projects National Innovation Company.
Norilsk Nickel owns 74 percent in the undertaking. The intention of
the parties is to advance fuel element market in Russia.
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