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Norwegian hydrogen bunkering agency Hyon has teamed up with Japanese buying and selling home Mitsui & Co setting the stage for what it stated could be a large-scale improvement of hydrogen fueling options, beginning with a joint feasibility examine within the second half of this yr.
The partnership is predicted to enterprise into enterprise alternatives associated to establishing hydrogen fueling infrastructure in Europe, Asia, or another geographies with potential hydrogen demand. The settlement additionally paves the best way for Mitsui to make a monetary and strategic funding in Hyon.
“With its huge community and world presence, Mitsui is a crucial strategic companion that can permit us to scale the enterprise quantity shortly and thereby present extremely aggressive choices to the market. This settlement is a crucial step in direction of making Hyon a number one world supplier of hydrogen fueling options,” stated Jørn Ok. Lindtvedt, CEO of Hyon.
Hyon was based in 2017 with the intention to ship quick and secure bunkering of hydrogen for ships. The corporate’s majority house owners embody Nel, Norwegian Hydrogen and Øystein Stray Spetalen’s Saga Pure. The Oslo-based firm just lately utilized for mushy funding from Norway’s Enova to develop a hydrogen hub for maritime transport in Nordland along with inexperienced hydrogen participant Gen2 Vitality and logistics and supplies administration firm ASCO Norway.
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