Hydrogen asset manager Hy24 and Shanghai REFIRE Company are partnering to develop green hydrogen for the energy and transport sectors.
Hy24 and hydrogen energy solutions firm REFIRE have signed a memorandum of understanding (MOU) for the partnership to “scale green hydrogen production and distribution, and hydrogen-electric power and mobility use cases”.
As part of the MOU, Hy24 will combine its investment and global network with REFIRE’s engineering and fuel cell solutions to help deliver fundable hydrogen projects.
The partners expect to boost industrial development and speed up market deployment, creating value in Europe.
Pierre-Etienne Franc, co-founder and CEO of Hy24, said: “REFIRE has demonstrated steady, resilient growth, emerging as a key global player in hydrogen technologies and ecosystems through technical expertise and cost-efficient, quality supply chain at scale.
European and Chinese players have significant synergies to explore and leverage, and Hy24 is committed to building bridges to further accelerate the decarbonisation of the mobility sector.”
Robin LIN QI, co-founder and CEO of REFIRE, said: “It is an honour to be partnering with the world’s leading hydrogen investment manager. Hy24 has built a pedigree of trust amongst investors through its deep industry knowledge.
“We have a shared vision to gather the critical mass of industry leaders that will enable scaling up of decarbonisation solutions worldwide, in particular heavy-duty transport.”
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