Plug Power, a provider of hydrogen engines and e-mobility fueling products, has announced a new agreement with Spanish hydrogen production and distributor Compania Logistica de Hidrocarburos (CLH).
CLH will develop hydrogen production and downstream markets in Spain, in the industrial, mobility and power production/storage sectors for distribution throughout Europe.
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CLH specialises in hydrogen fuel cell systems while CLH has a strong presence as an end user.
Both companies expect to grow the renewable hydrogen market in Spain and across Europe and the agreement gives them to identify opportunities and customers.
Plug Power claims to lead United States fuel cell deployment and hydrogen dispensing.
It expects its European business to grow 60% per year for the next five years. Customers are currently the largest users of liquid hydrogen in the US and it continues to invest in hydrogen supply and generation methods.
CLH transports and stores oil products in Spain and claims to be the second largest logistics operator in Europe by pipeline network and storage capacity.
Plug Power and CLH will consider other areas of collaboration related to the development of hydrogen products for airports, goods transport and delivery networks – markets where, they said, high-asset use is important and "the value proposition of fuel cells makes tremendous sense".
