Commercialization and Market Expansion of Ultra-High-Pressure Compressors for Hydrogen Stations

「大口の圧縮機本体案件が第３四半期以降へ納期変更となったことにより、売上高は前年同期比2.2％減の2,558百万円となりました。」

「The company shipped the initial units developed for the new series of compressors with a discharge pressure rating of approximately 20 MPaG for hydrogen filling: 1 VD4-55 unit and 3 VD4-150 units.」

「The company’s performance for the six-month period was affected by delays in the progress of several large projects, including compressors for hydrogen filling equipment. Net sales declined 13.7% year on year to ¥2,616 million.」

「The company completed the redesign of 2 models, VD4-55 and VD4-150, as the new series of compressors with a discharge pressure rating of approximately 20 MPaG for hydrogen filling, and began sales. Incorporating advanced technologies used in the company’s hydrogen station compressors, these unique products cover a discharge flow-rate range of 100–600 Nm3/h.」

「Under these circumstances, during the interim accounting period, our net sales increased 15.6% year on year to ¥3,030 million, due mainly to strong sales of hydrogen compressors for filling equipment for heavy-duty fuel cell vehicles (HDVs).」

「Since FY2021, the company has jointly developed a large-capacity, high-pressure hydrogen compressor with its parent company, Mitsui E&S Co., Ltd. In March 2024, it completed performance and durability testing using a demonstration unit installed on the premises of the MES Tamano Plant and completed functional verification of the new compressor body, model VD4-250GH-OL (discharge pressure: 45 MPaG; discharge flow rate: 600 Nm3/h).」

「The “integrated booster hydrogen compressor for hydrogen stations” already launched and being sold in the market under the product name HyKom340 conforms to the standard specifications for stationary hydrogen stations (discharge pressure: 82 MPa; discharge capacity: 340 Nm3/h). Incorporating numerous advanced technologies, the product was ordered for 5 of the 7 locations approved for grants under the “FY2022 Subsidy Program for the Installation of Hydrogen Supply Facilities for Fuel-Cell Vehicles.”」

「Under these circumstances, consolidated net sales for the cumulative second quarter increased 15.9% year on year to ¥2,483 million, due mainly to sales of hydrogen compressors for filling equipment for heavy-duty fuel-cell vehicles (HDVs), including large trucks and buses, and compressors for PET bottle molding.」

「Of the 6 projects approved for grants under the FY2021 Subsidy Program for the Installation of Hydrogen Supply Facilities for Fuel-Cell Vehicles, we received orders for 4, plus 1 project using a Tokyo Metropolitan Government subsidy, for a total of 5 projects. One of these projects is scheduled to be equipped with a new compressor body.」

「Under these circumstances, consolidated net sales for the cumulative third quarter decreased 15.1% year on year to ¥3,384 million, due mainly to delays in overseas chemical plant projects and hydrogen station projects for fuel-cell vehicles (FCVs).」

「Under these circumstances, consolidated net sales for the cumulative second quarter increased 6.8% year on year to ¥2,142 million, due mainly to higher sales of compressors for hydrogen stations for fuel-cell vehicles (FCVs) and maintenance parts for overseas markets.」

「Under these circumstances, the company’s performance for the cumulative three-month period was supported by an increase in hydrogen station projects for fuel-cell vehicles (FCVs) and projects for electric power companies in the domestic market, among other factors. Net sales rose 19.4% year on year to ¥922 million.」

「During the fiscal year, the company delivered products to 10 hydrogen stations.」

「The company’s performance for the cumulative nine-month period was supported by strong hydrogen station projects, but net sales declined 3.1% year on year to ¥3,987 million due in part to lower demand for maintenance parts.」

「Having received positive evaluations from the industry, the company delivered products to 8 hydrogen stations during the fiscal year. In particular, its package units, combining the chiller required at hydrogen stations, which cools hydrogen gas before filling fuel-cell vehicles, with a compressor, met market needs and were delivered to 7 locations.」

「Under these circumstances, consolidated net sales for the cumulative third quarter increased 11.3% year on year to ¥4,115 million, due mainly to an increase in large-scale hydrogen-related and PET bottle molding projects.」

「Under these circumstances, the company’s performance for the cumulative six-month period was supported by a large sales contribution from oil refining and petrochemical projects in overseas markets, as well as increases in large hydrogen-related and PET bottle molding projects. Net sales rose 11.1% year on year to ¥2,391 million. The order plan, including hydrogen station projects, is also progressing generally as planned.」

「Orders for hydrogen station projects have continued to build steadily.」

「The hydrogen station compressor currently on the market is a 3-cylinder, 5-stage compressor, but the company is developing a next-generation model with a lower price, lower running costs and a more compact design. The market launch is expected in FY2020–FY2021, depending in part on market trends.」

「The company will strengthen the development and sales of compressors for hydrogen-related businesses as it works toward a hydrogen society in response to the transition in the energy structure and the prevention of global warming. Continuing from the previous medium-term management plan, it will further improve ultra-high-pressure hydrogen compressors, including those for filling fuel-cell vehicles, to enhance performance and reduce costs. It will also work to strengthen its service structure.」

「During the fiscal year, HyKom340 was delivered to 4 hydrogen stations, in both a package configuration combining the chiller required at hydrogen stations, which cools hydrogen gas before filling fuel-cell vehicles, with a compressor, and a standalone compressor unit configuration.」

「The company completed delivery during the fiscal year of hydrogen station compressors, whose product development and market launch it has long prioritized, and received high evaluations from customers. Going forward, it will seek to further improve product performance and conduct vigorous sales activities to establish a strong position in the hydrogen station and related markets.」