MELBOURNE, AUSTRALIA & BUSAN, SOUTH KOREA  

September 22, 2023 

H2X Global Limited and NF Co., LTD. are excited to announce a groundbreaking Memorandum of Understanding (MoU) that not only signifies their commitment to advancing green hydrogen mobility but also introduces an innovative approach to driver well-being. 

The signing of this MoU marks a pivotal moment in the journey towards a sustainable and healthier future for global mobility. H2X, known for its leadership in Hydrogen Fuel Cell Vehicles (FCEV) and Fuel Cell Power Applications, is taking a bold step by addressing driver well-being within its vehicles. NF is a well-known oxygen concentrator manufacturer in South Korea, offering a wide range of oxygen supply products, with an expected revenue of $15 million in 2023. Recently, the company has developed a unique in-car oxygen supply system, “O2REX-V,” which provides fresh, high-concentration oxygen to drivers to reduce fatigue and improve concentration, preventing drowsiness and accidents. This product has attracted great attention in the recent market trend where the “health, well-being and safety” of drivers has become the most important topic. 

Key Highlights of the MoU: 

1. Technical Collaboration: H2X and NF are partnering to manufacture Hydrogen Fuel Cell Vehicles and Fuel Cell Power Applications across various service sectors.
2. Innovative Cabin Integration: A revolutionary aspect of this collaboration is the integration of NF’s oxygen concentrator into H2X vehicles. This concentrator, capable of delivering around 90% oxygen, is positioned to face the driver, creating an oxygen-rich environment inside the vehicle, about 40% higher than typical levels. This innovation aims to keep drivers alert, awake, and potentially happier during their journeys.
3. Feasibility and Testing: Both parties have agreed to collaborate on feasibility studies and testing, with the goal of infusing the same level of sustainability found in H2X vehicles into the cabin. This initiative is not only about providing cleaner vehicles but also about enhancing the quality of life for drivers.
4. Environmental Impact: The collaboration will assess the environmental impact of these innovations, contributing to a more sustainable and holistic approach to mobility.
5. International Collaboration: H2X’s global reach and NF’s expertise will be leveraged to explore opportunities in various markets, fostering mutual growth.

The MoU outlines the roles and responsibilities of each party, emphasizing the importance of compliance with applicable laws and ethical standards. Confidentiality measures are in place to protect sensitive information shared during the collaboration. 

Mr. Brendan Norman, CEO and Co-Founder of H2X Global Limited, expressed his excitement about this pioneering endeavour: “Our partnership with NF goes beyond traditional collaboration. By integrating their oxygen concentrator into our vehicles, we aim to redefine driver well-being and contribute to a healthier and more alert driving experience.” 

Dr. Sangkon Lee, CEO/President of NF Co., Ltd., shared his perspective: “NF is dedicated to enhancing lives, and this collaboration aligns perfectly with our mission. We believe that not only will our technology contribute to greener mobility, but it will also make a significant difference in the well-being of drivers.” 

 

Both H2X Global and NF Co., LTD. look forward to a transformative collaboration that will lead to innovative solutions for cleaner, greener, and happier mobility. 

 

H2X Global Limited 

Tony Blackie – [email protected] 

Bill Moss – [email protected] 

NF Co., LTD. 

David Choi – [email protected] 

H2X Global secures a second contract from Renova AB for Hydrogen Fuel Cell trucks for the City of Gothenburg, Sweden. 

•  H2X Global awarded contract valued at up to 240 million Swedish Kronor ($US22.9 million) 
• Vehicles to form part of Gothenburg City’s zero emissions fleet

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Gothenburg, Sweden, Thursday 18 May, 2023 – H2X Global has been chosen as supplier of FCEV significant fleet-wide contract worth up to 240 million SEK, by Renova AB for the purchase of hydrogen fuel-powered commercial trucks for the city of Gothenburg.  

Upon completion, this contract will establish the largest fleet of its kind in Sweden. 

The award, received by H2X Global’s subsidiary H2X Gothenburg AB, comes from a second public tender released in December 2022. H2X Global has successfully secured vehicles in 12 out of the 13 categories specified in the tender, covering both 18 and 26 tonne vehicle classes.  

The hydrogen fuel cell-powered trucks are designed to meet a range of truck configurations required by Renova, including tail lift dumpers, garbage compactors, hook lifts, and crane loaders. The vehicles offer the same range and load capacity as traditional fossil-fuelled vehicles while delivering zero emissions. 

Renova AB, the city’s waste management operator owned by ten municipalities in western Sweden, will be responsible for operating these vehicles. The development and operation of the vehicles are planned to take place over the next three years. 

Furthermore, the introduction of these vehicles will drive demand for the hydrogen refuelling station commissioned by Hynion, among others. The station, set to open near Renova by Q1 2024, will support Gothenburg City and Renova AB in their commitment to transition their fleet to zero emissions. 

The commitment is to assemble the vehicles locally in Sweden. This approach will contribute to employment generation in the region of Gothenburg while improving logistics and sustainability in production. These commitments form a vital part of H2X Global’s local development and its goal of making hydrogen a cost-competitive solution for the decarbonization of back-to-base fleet operations. 

Bill Moss – H2X’s Head of Sales & Marketing stated,” The award from Renova AB and the City of Gothenburg is a testament to H2X Global’s outstanding products and service to its clients in the transition towards zero-emissions. This recognition acknowledges H2X Global’s leadership among other OEMs in achieving the goal of decarbonizing the commercial transportation and waste sectors.” 

Peter Westh, H2X’s Head of Northern Europe stated,” The new range of vehicles offered by H2X has been developed to perfectly meet the needs of the Scandinavian and European markets for zero-emission commercial vehicles. This aligns with the latest directives in Sweden for energy transition and complements European projects focused on carbon-free mobility solutions.”  

 

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About H2X Global 

H2X is an automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialization in hydrogen is the basis of H2X’s growth, however, with a strong platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right vehicle for the right task. H2X Global has operations in Australia, Malaysia, India, and throughout Europe. www.h2xglobal.com 

About Renova AB 

The Renova Group is owned by ten municipalities in western Sweden. Our mission is to collaborate with our owner municipalities in taking responsibility for waste and recycling over the long term. We aim to deliver community benefit through business activities and to actively contribute to sustainable development within our owners’ region. 

The Group consists of the parent company Renova AB and subsidiary Renova Miljö AB. The parent company is the owner-municipalities’ own waste expert and conducts tasks directly allocated by them. The subsidiary Renova Miljö AB operates on a competitive market and offers complete solutions in waste and recycling to businesses, municipalities, and other public enterprises in our owners’ region. 

Our goal is to always be able to offer the market’s best range of services within our industry, with environment, quality and customer service remaining paramount. 

About The city of Gothenburg  

Gothenburg is the innovation powerhouse of Sweden, and the country’s second largest city. Situated at the west coast it harbours Scandinavia’s largest port. Business Region Gothenburg is the municipality’s non-profit company working to strengthen and develop trade and industry in the Gothenburg region, offering competence and contacts within a wide variety of areas and industries.  

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For further information contact: 

 

Peter Westh 

Head of H2X Global for Northern Europe 

Phone +46707804041 

Email [email protected] 

 

Bill Moss 

Head of Sales & Marketing 

Phone +447766815285 

Email [email protected] 

 

Tony Blackie 

VP Communication & Media 

Phone +61 411 743 142 

Email [email protected] 

H2X Global Selected for the AWS Clean Energy Accelerator 3.0

The non-equity dilutive program is designed to help mature startups accelerate decarbonization at scale.

March 6, 2023—H2X Global Limited (H2X) announced today that it has been selected as one of the 15 startups that will participate in the Amazon Web Services (AWS) Clean Energy Accelerator 3.0, a high-pace, non-equity dilutive accelerator designed to facilitate collaborations with mature startups developing breakthrough clean energy technologies. The program is focused on fostering innovation and rapid growth of clean energy technology, which is needed to address the global climate crisis.

“The ground-breaking innovations, products and solutions displayed in the previous Clean Energy Accelerator programs have offered an inspiring glimpse into the energy systems of the future, and chart a path towards accelerating decarbonization at scale,” said Howard Gefen, General Manager of Energy and Utilities, AWS. “We’re pleased to welcome H2X into the Clean Energy Accelerator 3.0, and work together to take on one of the greatest challenges of our generation.”

“We are excited to join the AWS Clean Energy Accelerator and work towards overcoming clean energy and decarbonization challenges,” said H2X, Founder and CEO, Brendan Norman. “Through this program we can help define and shape the future of clean energy innovation.”

Primary focus areas of the AWS Clean Energy Accelerator 3.0 include: advanced materials; carbon capture, utility and storage; economic hydrogen generation, transport, and use; energy storage; grid modernization; energy security and reliance.

The program is designed to spur co-innovation through energy collaborations, and is centered on the needs of mature startups from across the globe. Through the program, industry and thought leaders will mentor startups on topics like energy, digital competency, investment, public policy, innovation, and advanced research. Leading energy organizations will work with selected startups on addressing clean energy and decarbonization challenges, while AWS provides guidance in accelerating experimentation, expanding automation, and delivering deep insights by leveraging the cloud.

The AWS Clean Energy Accelerator 3.0 will include 12 weeks of virtual and in-person programming, kicking off in Seattle in April. The program will have an expanded reach and scope, which includes international exchange sprints to foster tech innovation hubs around the world, including one in the UAE, in collaboration with Masdar City. The Clean Energy Accelerator 3.0 will culminate with the Innovation Showcase that will be held at the 2023 United Nations Climate Change Conference (COP 28) next November in Dubai. The event will include CEA startups showcasing their clean energy technology innovations, and highlights on the latest CEA-driven clean energy technology pilot programs. Click here to pre-register for the Clean Energy Accelerator Innovation Showcase and receive the latest program updates.

Learn more about the AWS Clean Energy Accelerator at: www.aws.amazon.com/energy/clean-energy-accelerator.

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About H2X Global Limited

H2X is an automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialization in hydrogen is the basis of H2X’s growth, however with a strong platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right vehicle for the right task. H2X Global has operations in Australia, Malaysia, India, and throughout Europe. h2xglobal.com

 

H2X Global Contact Information:

Bill Moss

Head of Sales & Marketing – EME

Phone  +447766815285

Email  [email protected]

 

Tony Blackie

H2X Global Ltd

Phone  +61 (0)411 743 142

Email  [email protected]

H2X Global partners with Norwegian Hydrogen in the decarbonization of commercial transport fleets through the offering of a total ecosystem for the supply of hydrogen, refueling stations & commercial vehicles.

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Norway, February 23rd, 2023

Australian Hydrogen Fuel Cell Vehicle Manufacturer H2X Global Limited announced today the signing of a memorandum of understanding (MoU) with Norwegian Hydrogen AS, a green hydrogen production-, distribution- and refueling company, to collaborate on the commercial supply of hydrogen and the range of Hydrogen Fuel Cell commercial vehicles.

The new venture will focus on the Nordic region, and the companies will develop a joint commercial and operational framework for commercial fleet operators located nearby Norwegian Hydrogen’s sites, for the transition to hydrogen as the zero-emissions solution in the future.

Will cover all components

The partnership intention is to offer all components for climate-friendly commercial transport through a single channel, such as the production and purchase of green hydrogen, distribution, and hydrogen refueling stations, and to provide customers with the supply and aftersales of vehicles, overcoming the challenge commercial operators have faced in obtaining a full- service option for emission-free transport in the past.

Using Norwegian Hydrogen’s pilot plant at Hellesylt as an example, the 1,4 ton a day hydrogen production, if used to abate emissions in the transportation sector, would remove more than 9000 t of CO2 every year. This would provide more than 9 million km of emission-free heavy road transport per year. And again, this Is only based on one out of many Norwegian Hydrogen sites under development In the Nordic region.

 

Summit for green transport

Next week, the companies will meet in Kristiansund, Norway for a full-day summit on green heavy-duty transport: https://knn.no/moteplasser/temadag-gronn-transport-onsdag-01-mars-i-kulturfabrikken/

The need to reduce emissions in the transport sector is urgent, and the solutions are already available. This is what H2X and Norwegian Hydrogen will explain to all the potential customers who are invited to learn more about how they can take a leading role in the energy transition.

– Norwegian Hydrogen’s focus Is to enable zero emissions for our customers. It is paramount for our customers to also have access to hydrogen vehicles, and we are excited to collaborate with H2X to present a full package solution, says CTO of Norwegian Hydrogen.

– The transition to net-zero carbon transport through Hydrogen is vital to help eliminate the growing emissions from the transport sector. This sector accounts for 23%* of global energy-related CO2 emissions and is the fastest-growing contributor to climate change. Collaboration between hydrogen producers like Norwegian Hydrogen and a commercial vehicle manufacturer like H2X is crucial in the reduction of zero emissions, and offering fleet owners a good alternative, says Bill Moss, H2X Global’s Head of Sales & Marketing.

*(Source IEA)

Norwegian Hydrogen announced last year that they entered into a partnership with US-based company FirstElement Fuel and Japanese company Mitsui to build a Nordic-wide network of hydrogen refueling stations and this partnership will assist in accelerating the success of this rollout.

– Trucks need refueling stations – and refueling stations need trucks. This makes the partnership between our two companies a perfect match, says the managing director for refueling in Norwegian Hydrogen, Per Øyvind Voie. – We hope to announce the first trucks and refueling stations ordered on the basis of this partnership very soon.

This follows H2XGlobal’s recent announcement through its subsidiary H2X Gothenburg AB’s the award of the public tender for the supply vehicles in the 3.5T, 5.0T, and 18T categories. It is planned that the first vehicles will be operational at the end of 2023 and all vehicles to be fully operational by 2025, supporting the production of vehicles for the Northern European regions in line with Norwegian Hydrogen’s development and operation of hydrogen refueling stations for heavy duty applications in the Nordics.

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Images

1. Illustration of H2X vehicle

 

2. Photos of Bill Moss, Øystein Tørlen and Per Øyvind Voie

Image rights: For use free of charge provided the source is acknowledged and in connection with reporting on the MOU partnership between H2X Global and Norwegian Hydrogen for the development of a total ecosystem.

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About H2X Global Limited

H2X is an automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialization in hydrogen is the basis of H2X’s growth, however, with a strong platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right vehicle for the right task. H2X Global has operations in Australia, Malaysia, India, and throughout Europe. www.h2xglobal.com

 

About Norwegian Hydrogen AS

Norwegian Hydrogen AS will build and operate an effective network of production sites and distribution systems zero emission hydrogen, tailored to meet the future requirements for zero-emission fuels in a wide range of mobility sectors and industrial segments. The company is supported by a group of strong industrial owners, such as Flakk Group, Hexagon Purus, Hofseth International, Tafjord, and Mitsui & Co., Ltd. Norwegian Hydrogen’s head office is in Ålesund, Norway, and they also have offices in Oslo, Narvik, Helsinki, Copenhagen and Stockholm.

For more information visit www.nh2.no

 

For further information contact:

Øystein Tørlen

Chief Technology Officer

Phone: +47 41 33 66 14

Email: [email protected]

 

Bill Moss

Head of Sales & Marketing – EMEA

Phone: +447766815285

Email: [email protected]

 

H2X Global Limited has recently announced that it has partnered with technology developer, KTM Technologies to create a revolutionary, innovative, lightweight and inexpensive vehicle chassis.

The team at H2X will work together with KTM Technologies in designing and developing their vehicle chassis and construction programs.

The recent announcement from H2X to build its hydrogen fuel cell vehicles in Gippsland, Victoria cements a significant step in the Company’s journey in becoming a global leader in hydrogen vehicle manufacturing.

H2X CEO Brendan Norman says:

“Our partnership with KTM Technologies is a major milestone in establishing ourselves as a global premium hydrogen vehicle manufacturer.” 

 

This partnership showcases the Company’s ability to work with innovative, world-leading brands like KTM. Momentum is building ahead of H2X’s planned major stock exchange listing as the Company continues to form tangible, strategic partnerships.

H2X and KTM will also be working together on several other projects such as an exciting Motorsport Venture involving hydrogen. Keep an eye out for the announcement in the months ahead.

This partnership showcases the Company’s ability to work with innovative, world-leading brands like KTM. Momentum is building ahead of H2X’s planned major stock exchange listing as the Company continues to form tangible, strategic partnerships.

H2X and KTM will also be working together on several other projects such as an exciting Motorsport Venture involving hydrogen. Keep an eye out for the announcement in the months ahead.

 

About H2X Global 

H2X Global is an Australian automotive and power unit company focused on absolute sustainability. The company is focused on harnessing the most efficient and effective technologies, with the onus on capturing free and renewable energy sources. A specialisation in hydrogen is the basis of H2X’s growth, however, with a robust platform as a maker of electrically powered vehicles, the company has a versatile approach to finding the right car for the right task. www.h2xglobal.com. H2X Global operates in Australia, Malaysia, India, and Europe. 

H2X Global has now opened an office in Gothenburg, and more specifically in Lindholmen Science Park.

Whilst the pandemic affected the original program, we are pleased H2X Global is now pushing forward and are investing heavily in both the infrastructure and the team, says Peter Westh, head of H2X Global in Northern Europe.

Our decision to base H2X Global in Gothenburg was partly due to signing a cooperation agreement with Renova to develop hydrogen fuel cell-powered trucks and light vehicles.

“The project with Renova is based on mutual development, where we develop and produce the vehicles out and Renova maintain them. Today, the hydrogen market is developing rapidly, and we see a significant expansion of Hydrogen filling station infrastructure in Sweden and neighbouring countries over the next 2-3 years, which is key for the vehicles to operate” says Peter Westh.

The program is to set up the European head office in Gothenburg, where we will also recruit several key personnel. The first phase is to recruit vehicle engineers, but the vision over the next few years is to develop our production and assembly plants.

Gothenburg was an obvious choice for H2X Global, due to the city’s historic production of commercial vehicles and its focus on automotive and innovative technologies. Moreover, setting up an office at Lindholmen Science Park allows H2X Global to focus on developing collaborations and partnerships with existing tenants.

This partnership showcases the Company’s ability to work with innovative, world-leading brands like KTM. Momentum is building ahead of H2X’s planned major stock exchange listing as the Company continues to form tangible, strategic partnerships.

Älvstranden Utveckling has been supportive of H2X Global’s establishment at Lindholmen Science Park and has extended a very warm welcome to our team.

“They are a company that fits very well into our profile that you need to have to sit in the house and we look forward to following their future journey,” says Marie Vulpe, leasing manager at Älvstranden Utveckling.

There’s a little Aussie hydrogen company, known as H2X Global, which is making a splash in the alternatively powered automotive industry. Given the staggering US$100 billion Nasdaq debut of electric vehicle maker Rivian Automotive Inc (NASDAQ: RIVN) last week, it might not be surprising if it’s not the ASX that H2X Global is eyeing off. Instead, opting for a US-listing next year.

Many people probably have never heard of H2X. Yet, the company already boasts over 250 order-interests for its Warrego ute from across Australia, Netherlands, Germany, and Malaysia. The vehicle is planned to be built in Gippsland, Victoria, and will feature hydrogen fuel cell hybrid technology.

Let’s take a closer look at what the company has to offer.

What is H2X Global?

As previously mentioned, H2X Global is not on the ASX. But it could be on exchange soon as it delivers on its goals.

The company is focused on the production of hydrogen-powered vehicles. In the process, it aims to be the country’s first hydrogen fuel cell electric vehicle manufacturing company.

According to its website, H2X has developed its own proprietary fuel cell and powertrain system. This system is at the crux of the company’s various light equipment vehicles. These are expected to include a van, minibus, SUV, and a ute — with the Warrego ute being its first attempt at production. The technology itself is designed to drastically reduce refuelling time and increase driving range.

Furthermore, the management team features a number of highly experienced personnel. For instance, CEO Brendan Norman holds 20 years of experience, working with automotive giants such as BMW Group (ETR: BMW) and Audi Group — owned by Volkswagen Group (ETR: VOW3).

Could it ditch the ASX for the big smoke?

In recent weeks, H2X seems to have made substantial inroads on its plan to produce more hydrogen vehicles. On 5 November, it was revealed that the company had signed a deal with Malaysia’s government-owned Sarawak Economic Development Corporation (SEDC).

As part of this deal, H2X is expected to supply and assemble a range of vehicles, including in excess of 50 buses over the next 18 months.

Originally, an ASX listing of H2X Global had been announced in July. Since then, the company has stated it’s planning for a ‘major exchange listing’ next year. While some publications have inferred H2X will list on the Nasdaq, that has not yet been publicly confirmed by the company.

Finally, let’s take a look at a quick comparison between H2X and Rivian. As per the Aussie company’s last update, the Warrego ute has 250 orders. Meanwhile, Rivian’s R1T and R1S models have more than 48,000 preorders.

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Interest in H2X Global’s ground-breaking Warrego ute is growing with over 250 order-interests received from Australia and countries such as the Netherlands, Germany and Malaysia.

The vehicle, which will be officially launched early next year on the Gold Coast, features a 750km driving range courtesy of the company’s Hydrogen Fuel Cell Hybrid technology and will be built in Gippsland, Victoria.

H2X chief executive Brendan Norman said that while the number of order interests had exceeded the company’s expectations, he was unsurprised given hydrogen’s growing stature as the fuel of the future.

“One of the first companies to buy the ute was green energy solutions and hardware provider, Veida,” he added.

“Its director Haim Ptasznik explained that with hydrogen offering parity with diesel on a kWh-to-kWh basis, the Warrego was the ‘go to’ vehicle that green energy pioneers and early adopters had been waiting for.”

Ptasznik noted that Veida worked with its clients to create alternative, green energy solutions and that H2X enabled his company to be the first to integrate hydrogen vehicles and their powertrains into its solutions.

The growing popularity of the Warrego, which is the first of many hydrogen fuel cell vehicles that H2X is developing, is particularly welcome ahead of the company’s planned listing on a major stock exchange and push into new markets to establish itself as a global premium hydrogen vehicle manufacturer.

Warrego ute

The basic Warrego ute combines a 200kW motor, a 66kW hydrogen fuel cell and 60kW energy storage system to deliver a range of up to 750km on a mix of highway and city roads while offering quick refuelling times of between three to five minutes.

It is capable of carrying up to 1,000kg in the tray and towing up to 2,500kg and there are options such a larger 90kW hydrogen fuel cell and bigger 100kW energy storage system to improve performance.

Source: This article has originally appeared on Stockhead

As a headline participant, the company will be one of a select few innovative companies leading the way in renewable technologies that will share their technological breakthroughs with leaders at the conference, also known as the COP26 summit, in Glasgow, Scotland.

H2X says the invitation is a validation that the company is a global leader in technological advancements that are tackling climate change.

The company has developed its own highly efficient hydrogen fuel cell technology and hydrogen power trains for vehicles and machinery.

This tech will be used in its Warrego Ute, a fuel cell electric utility vehicle set to be manufactured in Gippsland, Victoria, which has already drawn more than $50m in pre-orders.

“The global hydrogen market is accelerating with governments around the world committing billions of dollars in incentives to accelerate the transition to renewable energy and meet their net zero emissions targets,” chief executive Brendan Norman said.

“Hydrogen fuel cells have become a key focus for many given the technology advancements that have enabled hydrogen FCEVs to refuel more quickly and travel longer distances.

“H2X is pushing into new markets, with a series of products due for release in the coming months that will show new ways of working with hydrogen and bringing clean energy to many different applications in cities.”

H2X Fuel Cell Tech

The company’s Hydrogen Fuel Cell Hybrid technology is designed to drastically reduce refuelling time and increase driving range and hydrogen efficiency.

Its modular platform allows the hybrid energy system and fuel cell to be customised to maximise efficiency and performance according to the user.

Besides the Warrego ute, development has also started on a range of additional vehicles, including heavy-platform vehicles.

H2X recently reached an agreement with the Gippsland Circular Economy Precinct to manufacture hydrogen fuel cells, electrolysers, hydrogen fuel cell powered vehicles, and a range of hydrogen power units including generators and emergency power supplies in the region.

It also formed a strategic partnership with hydrogen developer Pure Hydrogen (ASX:PH2).

Source: This article has originally appeared on Stockhead

H2X Global is progressing its goal of building a hydrogen economy in Australia with plans to build hydrogen fuel cell electric vehicles in Gippsland, Victoria.

Under the agreement with the Gippsland Circular Economy Precinct (GCEP), the company will seek to manufacture hydrogen fuel cells, electrolysers, hydrogen fuel cell powered vehicles and a range of hydrogen power units including generators and emergency power supplies in the region.

GCEP is a consortium of Gippsland-based businesses who recognised the need to transition the local economy from brown coal power generation to renewables.

The support of H2X, which developed its own highly efficient hydrogen fuel cell technology and hydrogen power trains for vehicles and machinery, is expected to help fast-track these transition plans.

“This is a great opportunity for Gippsland to engage with hydrogen technology and provide new enterprises, new jobs and training in support,” H2X founder and chief executive officer Brendan Norman said.

“We aim to assist in establishing Gippsland as the world’s preeminent location of green hydrogen excellence.

“We are now investigating a number of manufacturing options including fuel cell production and some vehicles.”

GCEP executive director Brett Singh added that the region’s high level of engineering, power generation and manufacturing expertise was a major factor in the decision to establish the centre of excellence and renewables precinct in the area.

The agreement has also drawn strong community support.

H2X Global

H2X recently formed a strategic partnership with hydrogen developer Pure Hydrogen (ASX:PH2), which saw the latter issue 8.62 million shares to acquire a 24% stake in the company.

This could increase to 48% if the attached share options are exercised.

The company also secured more than $50m in pre-orders for its Warrego FCEV ute.

Source: This article has originally appeared on Stockhead.