LAVO has laid the groundwork for growth in Germany, a crucial international market for the company.
LAVO has formed a German subsidiary, LAVO Germany GmbH, as part of its expansion into Germany. Matthew Driscoll will lead LAVO’s German team, which will be based in Berlin.
Germany is an important market for LAVO, which aims to produce 80 percent of its electricity from renewable sources by 2050. Germany aspires to be a global leader in renewable hydrogen energy technology, with the German government investing 9 billion euros in the sector. The bulk of these funds will go into domestic enablement, with an additional 2 billion euros set aside for foreign collaborations to improve hydrogen production performance.
LAVO’s German office will also play an important role in promoting the full range of LAVO goods, including storage solutions ranging from the small-scale 40KWh LAVO unit to the industrial-scale 13MWh HEOS unit. The office will also have a strong presence in Europe, where LAVO has already built relationships and continues to expand its network of clients, manufacturers, and suppliers.
LAVO’s expansion plans in Germany include the introduction of the LAVO cargo bike, the world’s first commercially manufactured hydrogen bicycle, as a logistical mobility solution. The groundbreaking agreement between Australia and Germany to explore the potential for hydrogen supply cooperation in September 2020 will benefit increased consumer-facing hydrogen products and business initiatives.