Loop Energy, a Canadian developer of hydrogen fuel cell-based solutions, and BayoTech, a US energy solution company, announced today (6th April) a joint market development agreement to deploy hydrogen vehicles and hydrogen fuelling infrastructure, H2 Bulletin reports.
The aim is to smoothen adopting hydrogen-electric solutions by helping fleet operators with clear and actionable strategic direction. Both partners will collaborate on developing market opportunities for deployment of vehicles produced by Loop’s OEM customers with BayoTech on-site hydrogen generation infrastructure.
Their initial focus on market development will be around materials handling, warehouse, port logistics, transport and stationary power applications.
BayoTech will offer fleet operators a clear path to cost of ownership based on its on-site hydrogen production solution, powered by Loop’s eFlow™ technology.
George Rubin, Chief Commercial Officer of Loop Energy, said, “We believe that hydrogen vehicle cost of ownership and easy, economical access to the hydrogen fuel are closely intertwined and are both critical to successful project development.”
Stewart Stewart, Chief Commercial Officer at BayoTech, said, “Fleet operators are facing increased pressure to transition to zero-emissions, and our partnership with Loop Energy creates an ecosystem that removes many of the barriers to adoption of hydrogen fuel cells as a solution.”
BayoTech is committed to addressing the need for a consistent, cost-effective supply of hydrogen and offers modular, scalable, and rapidly deployable hydrogen production systems through sales, rentals, leases, and gas-as-a-service. It has also recently joined the Colorado Hydrogen Network (CHN) and Colorado Cleantech Industries Association (CCIA).