Johnson Matthey shares rise on Plug Power partnership


Shares of Johnson Matthey [s:uk: jmat] rose 1% on Wednesday after the chemical compounds and sustainable-technologies firm introduced a partnership with U.S.-based Plug Power
PLUG,
+2.24%
.
“Under the memorandum of understanding, the companies will develop a roadmap to accelerate the joint development of high-performance electrolyser technology with improved durability, increased performance, and greater energy efficiency than systems available today,” stated a statement on Johnson Matthey’s website. https://matthey.com/en/news/2021/plug-partner-electrolyser-tech. Plug Power is a number one producer of electrolysers used to fabricate inexperienced hydrogen.



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