By investing its subsidiary, the financial aid will help accelerate the company’s efforts in producing PEM electrolysers that will enable the mass adoption of hydrogen with more technologies to producer it.
Read more: MAN Energy Solutions continues to invest in hydrogen
Read more: Clean Hydrogen Partnership: €300m fund to be made available for hydrogen and fuel cells in Europe
PEMN electrolysers are widely recognised as being as promising technology for supporting the hydrogen community with this being able to be industrially scale the production of hydrogen.
In doing so, the company will support the hydrogen community and raise the amount of hydrogen readily available across the globe.
Uwe Lauber, CEO of MAN Energy Solutions, said, “Our plan is clear. We are transforming H-TEC Systems into one of the world’s leading players in the field of PEM electrolysis. Over the next five to ten years, green hydrogen will become one of the most important primary energy sources for the global economy as it continues to decarbonise.
“With PEM electrolysis, H-TEC Systems has mastered one of the most important processes for industrially scaled hydrogen production from renewable energy sources. The technology is mature and has already been placed on the market successfully.
“The next step is therefore to scale and set up highly automated serial production – and we would like to make rapid progress with this.”
Gunnar Kilian Chairman of the Supervisory Board of MAN Energy Solutions and Member of the Board of Volkswagen, said, “On the path toward achieving climate neutrality, hydrogen plays a key role for sectors such as international shipping or industrial processes in which direct electrification is not possible.
“It is therefore essential for our subsidiary MAN Energy Solutions to continue to strengthen its strategic position in the future market for power-to-X technology and synthetic fuels with investment in hydrogen production.
“Only by coordinating our efforts will we achieve our shared objective of climate neutrality. MAN Energy Solutions is playing an important role in this regard.”
North American Hydrogen Summit
H2 View is taking its events platform to America’s original clean hydrogen hub of California. Together with the California Fuel Cell Partnership (CaFCP), we will stage our North American Hydrogen Summit in San Francisco on July 14-15.
As our summit theme Building Bridges: Hydrogen hubs and investment suggests, the event will explore the $8bn of funding announced to create at least four regional hydrogen hubs in the US. These hubs will turbo-charge the nation’s progress toward heavy trucking and industrial sectors that run without producing carbon pollution – and they may just provide the path forward to a hydrogen-fuelled future.
With California and Texas vying to be America’s hydrogen capital today, where are the hubs of tomorrow? Further still, what can other states, and countries, learn from California’s success story? And how can we build bridges to a successful flow of international investment?
Full information about this event including attendance and sponsorship packages can be found here.