H2 Green, a hydrogen hub developer focusing on developing the UK’s first hydrogen manufacturing, storage, wholesale, and retail network, has announced a strategic partnership with Element 2, a venture capital-backed hydrogen fuel retailer based in the United Kingdom.
The strategic agreement, which aims to accelerate the development of the UK’s first nationwide hydrogen network, will allow H2 Green and Element 2 to coordinate their respective land portfolios’ production and distribution strategies. By supplying green hydrogen to Element 2, they will be able to begin nationwide deployment of 800 hydrogen refueling stations by 2027 and 2000 by 2030.
Additionally, the two companies would leverage cutting-edge analytical tools developed by H2 Green’s parent company, Getech Group PLC, in conjunction with substantial data on consumer habits gathered by Element 2 to analyze efficiencies for the benefit of both companies’ customers.
The two companies’ agreement aims to establish an effective and secure hydrogen network across England, Scotland, and Wales, resulting in widespread adoption of hydrogen mobility technologies.
“Element 2 will unlock the UK’s hydrogen economy by providing essential infrastructure so hydrogen becomes a sustainable fuel. The ability to use hydrogen as a major fuel will reduce carbon emissions and help the UK reach its target of net zero emissions by 2050.
“Element 2 will unlock the UK’s hydrogen economy by providing essential infrastructure so hydrogen becomes a sustainable fuel. The ability to use hydrogen as a major fuel will reduce carbon emissions and help the UK reach its target of net zero emissions by 2050.”Tim Harper, Element 2 CEO.
“At H2 Green, we believe that the development of hydrogen hubs will be a crucial component of our cities plans to decarbonise and meet their net zero targets. Collaboration and efficient deployment are however absolutely critical in making this a reality.
“As such, aligning our generation and deployment strategy with a Company whose strategy neatly dovetails with our own, helps us deploy the UK’s first hydrogen network faster and more efficiently. This will ultimately drive costs down for consumers and businesses, taking us one step closer to making the hydrogen revolution happen.”Luke Johnson, Managing Director of H2Green.