Hexagon Composites ASA announced that has finalized a joint venture agreement with Nel ASA and PowerCell Sweden AB, for the development of integrated hydrogen projects. The equally owned joint venture will initially focus on opportunities in the maritime and marine segments, as well as projects to capture stranded renewable energy.
The agreement foresees the creation of an one-stop-shop for operators, who want to utilize hydrogen technologies across the value chain from renewable hydrogen production to storage, distribution and dispensing, as well as generating electricity via fuel cells. The entity will manage and develop the projects, to ensure that technologies from the partners are effectively integrated into optimal solutions.
Jon Erik Engeset, President and CEO of Hexagon Composites ASA, said that, upon the announcement of the cooperation, the companies have received numerous requests, ranging from governmental organizations to maritime transportation.
“The collaboration with these strong market leaders is a logical step in shaping the emerging market for zero-emission power solutions”, he explained.
