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.

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.