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Plug Power, a leading provider of hydrogen engines and fueling solutions, has announced the launch of its new high-power stationary hydrogen-powered fuel cell system for commercial electric vehicles (EV) fleets. The company claims that the system combines its 18,000-gallon (81,829 litres) liquid hydrogen tank with its megawatt-scale PEM fuel cell solution, providing over 60MWh of instantaneous energy to charge more than 600 EVs.

United Hydrogen Limited (UHL) has announced that the valuation of its investee H2X has increased from $69.1m to $100m, resulting in an immediate uplift in valuation for UHL’s shareholders who invested in the pre-IPO capital raise. As one of the largest shareholders in H2X, UHL believes that it will deliver significant value in 2023 as H2X heads towards a listing on the London Stock Exchange.