H2X appoints BPC; Pinnacle West joins CHS; Lifte H2 expands presence
H2X Warrego Ute has already generated over $50 million in pre-order interest.
H2X has partnered with corporate advisory and equities trading firm, Barclay Pearce Capital (BPC) ahead of Warrego development. BPC will act as H2X’s Lead Manager and sponsoring broker for its equity capital markets initiatives. The agreement will support the H2X plans to develop the Australian made H2X Warrego utility vehicle, along with various hydrogen fuel cell electric trucks and buses in the coming years. H2X and BPC will also collaborate in capital raising activities, promoting the brand to high net worth investors, retail clients, and institutional investors and with BPC promoting the products through various platforms, including broker roadshows. H2X is an Australian vehicle manufacturer launching Australia’s first hydrogen-powered ute in November 2021. It has raised over AU$ 50 million of pre-reservation within 14 days of its launch.
In a separate development, Pinnacle West Capital Corporation (an Arizona-based energy holding company) has joined as a partner the Center for Hydrogen Safety (CHS), which is a technical community within the American Institute of Chemical Engineers (AIChE). Through its principal subsidiary, Arizona Public Safety, Pinnacle West provides electricity to more than 1.3 million residential and commercial customers in Arizona. The publicly traded utility company intends to become involved in the production and use of hydrogen as a clean energy source, including constructing an electrolyser facility. CHS supports hydrogen and has grown to nearly 70 organisations and 12 strategic partners in its first two years. It aims to provide essential resources to its members and access to its trusted and highly respected Hydrogen Safety Panel.
In another development, LIFTE H2 has expanded its presence in Berlin and Boston and launched a technology differentiated project development service for hydrogen infrastructure. Within five short months of its launch, it has hired 24 technical staff in the US and Germany with hydrogen industry experience. It has also joined H2Europe, SAE, CEP, ISO, CSA, and H2@Scale. Lifte, in partnership with a global player in heavy industry and mobility, is developing a comprehensive hydrogen infrastructure solution to support project developers.