The company specifically outlined its plans to generate electrolyzer revenues of at least $400 million in 2025
Acquisition enters Honeywell into the hydrogen fuel cells market for unmanned aerial systems and broader aviation applications.
Company has realigned its strategy due to COVID-19 to cut H2O2 production capacity in Western Europe and instead add capacity in onsite satellite plants.
Through the collaboration, the two companies expect synergy effects in the field of P2G systems for green hydrogen production.
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