The contract is based on HyGear’s Gas-as-a-Service model, in which the company retains ownership of the systems and remains responsible for the operation and maintenance of the technology at the customer’s site
Renewable based transition is the cheapest way of transition and the momentum has picked up in the Hydrogen sector. With finance and proper technology in place, hydrogen can play a key role in India's energy transition said Dr. V K Saraswat, Niti Aayog
As per MoU, both companies will jointly investigate opportunities for the production and supply of hydrogen as well as the worldwide deployment of hydrogen applications and technologies.
As per latest S&P Global Ratings report hydrogen can push the energy transition forward, but this would require coordinated policy, lower hydrogen production costs, and massive growth of renewables
Memo of understanding extends companies’ relationship, focusing on transformational green energy
The largest green hydrogen complex for industrial use in Europe will be operational in Puertollano in 2021, after an investment of 150 million euros
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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