Gen2 Energy, Element 2 to cooperate on scalable supplies of green hydrogen in UK
Companies will cooperate on a plug and play supply chain for certified green hydrogen to be delivered at Element 2’s UK vehicle refuelling locations.
United Kingdom’s hydrogen economy is accelerating with a recently signed agreement between Gen2 Energy and Element 2 for a cooperation on scalable supplies of green hydrogen to be delivered at Element 2’s UK vehicle refuelling locations.
Currently, Gen2 Energy and Element 2 are establishing the commercial terms and structures required to sign a contractual off-take agreement to deliver the first commercial volumes in 2023. This will allow Gen2 Energy to sell, and Element 2 to buy a defined quantity of hydrogen, supplied to Element 2’s hydrogen refuelling locations across the UK.
Element 2 is a venture capital backed deployer of hydrogen refuelling stations, with a target to deploy 800 pumps across the UK by 2027 through a national network of return-to-base and road network sites, focused on heavy goods, distribution and municipal transport fleet customers.
Gen2 Energy is based in Norway and produce certified green hydrogen through renewable energy. The company will deliver their green hydrogen across Europe through an integrated value chain starting in 2023.
