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January 28, 2021

Ricardo invests in hydrogen testing facility

Ricardo has announced an initial investment of GBP2.5m (US$3.4m) to build a hydrogen development and test facility at its Shoreham Technical Centre in the UK.

By Rhodri Morgan

Ricardo has announced an initial investment of GBP2.5m (US$3.4m) to build a hydrogen development and test facility at its Shoreham Technical Centre in the UK.

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Designed to support the company’s existing work in hydrogen, fuel cells and green alternative fuels, the new facility will deliver test and development to advance capability in both alternative fuels and electric vehicles.

The supplier maintains it will significantly increase the range of hydrogen and fuel cell services and solutions, which can be delivered to Ricardo’s global customers.

“We are already working with a range of clients on hydrogen and fuel cell technology, providing clean, efficient solutions which reduce carbon and noxious emissions across a wide range of sectors,” said Ricardo Automotive and Industrial MD, Steve Dyke.

“By building our hydrogen fuel cell and propulsion capability, we shall further advance our facilities and technology for clean vehicles across all transport sectors, and increase the range of hydrogen and fuel cell services and solutions that we can offer to our clients.

“A particular focus for the new facility will be a systems-led approach to vehicle development, integrating our enhanced test capability with our digital and simulation tools to deliver hardware and software system solutions for our customers.

“This will further enhance our established digital engineering expertise, allowing the company to provide solutions which: are greener because they are less energy and resource-intensive; remove risk from development through more efficient, faster digital techniques; and reduce cost and time to market to provide competitive advantage.”

The investment follows the supplier’s announcement on 14 January, 2021, of a collaboration with AFC Energy aimed at identifying new and alternative fuel solutions, including hydrogen power applications.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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