Pure Hydrogen secures MoU for hydrogen vehicle supply in Vietnam
Vietnam and Pure Hydrogen could work together to sign a Memorandum of Understanding so that Pure Hydrogen can potentially supply Vietnam with multiple hydrogen fuel cell vehicles (VAHC).
The Memorandum of Understanding establishes the parameters for the provision of several cars from the company’s fleet for use in a hydrogen fuel cell vehicle demonstration in Ho Chi Minh City.
It strengthens the current upward trend in both home and foreign markets for Pure Hydrogen’s (ASX:PH2) subsidiary HDrive International, which manufactures zero-emission automobiles.
Kuwait Oil Company focuses on renewable energy and hydrogen consulting
Kuwait Oil Company was awarded a major advising contract centered on renewable energy and hydrogen technology, marking a significant step in the company’s strategic transition towards sustainability. This action demonstrates the company’s dedication to broadening its energy portfolio and keeping up with international environmental trends.
New OEM contract doubles Ceres Power’s revenue
Ceres Power, a specialist in green hydrogen and fuel cell technology, recently revised its revenue guidance for the year following a significant manufacturing contract with an Asian original equipment manufacturer (OEM).
This new partnership will enable the OEM to manufacture Ceres’s patented fuel cell technology in exchange for a licensing fee, a move that is projected to significantly enhance Ceres’s revenue. The London-listed firm now anticipates full-year earnings of between £50m and £60m, with interim results expected in September.
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