Daily Updates on SHFE Base Metals and Stainless Steel Warrants on July 3

TECO Electric & Machinery has signed an agreement to invest about MYR 200 million, or roughly $50.8 million, to acquire about 78% of Malaysian engineering company Dynaciate Engineering. TECO said Dynaciate will become its global manufacturing hub for modular data center and power equipment products, while also serving as an engineering hub for its expansion in Southeast Asia’s data center infrastructure market.

SS-H2 can operate in seawater at voltages of up to 1700 mV, well above the stable operating range of regular stainless steel. The report said this improved performance could help address corrosion and durability issues in seawater electrolysis systems, suggesting expanding potential for advanced stainless steel in hydrogen equipment applications.

A research team at the University of Hong Kong has developed a new stainless steel called SS-H2 for seawater-based hydrogen production systems. The reports said the material is designed to maintain stronger corrosion resistance under harsh, high-voltage operating conditions and could potentially replace more expensive titanium components now used in electrolyzers. The development is seen as a possible new materials route for lowering the cost of green hydrogen equipment.