UK geological and geophysical services provider Getech Group plc (LON:GTC) last week said that its subsidiary H2 Green Ltd has signed a non-binding agreement to supply green hydrogen for the refuelling stations developed by Element Two Limited.
Element Two is developing hydrogen refuelling stations in prime locations in England, Scotland and Ireland, with plans for the deployment of more than 800 pumps by 2027 and 2,000 by 2030.
H2 Green develops regional hydrogen hubs for production, storage and distribution of green hydrogen, with a list of priority hubs being in progress.
The two companies have agreed on options for co-location of production and storage assets and the refuelling stations. The agreement includes a 12-month framework for negotiation of a joint asset development road map, construction of a demonstration project and signing of a binding long-term co-development and off-take contract.
"To align our production and distribution strategies, the groups plan to combine H2Green's position in hydrogen generation and storage and Getech's state of the art location analytics, with significant data gathered by Element 2 on fuel customer habits," Getech CEO Jonathan Copus said.
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