HNO International's $10 Million Hydrogen Deal for Texas Mobility
Key Ideas
- HNO International secured a $10 million hydrogen offtake agreement with a Texas-based mobility company for their Class 8 hydrogen fuel cell vehicles.
- The agreement involves supplying clean hydrogen from HNO's Scalable Hydrogen Energy Platform (SHEP™) and integrating the Compact Hydrogen Refueling System (CHRS™) for refueling support.
- The partnership highlights the increasing demand for clean hydrogen fuel in heavy-duty transportation, promoting environmental sustainability and operational efficiency.
- HNOI aims to expand its production capacity and reach nearly $10 million in multi-year contracts as it rapidly scales hydrogen production within the first year.
HNO International (OTC: HNOI) has successfully secured a $10 million hydrogen offtake agreement with a Texas-based mobility company in Houston. The agreement involves HNO supplying hydrogen from its 1.25 MW Scalable Hydrogen Energy Platform (SHEP™) to power the customer's fleet of Class 8 hydrogen fuel cell vehicles. Additionally, HNO will integrate its Compact Hydrogen Refueling System (CHRS™) for refueling support, ensuring efficient and sustainable long-haul transportation. The company projects reaching nearly $10 million in multi-year contracts as it rapidly scales hydrogen production within the first year of operation. CEO Don Owens emphasized the importance of this agreement in meeting the growing demand for clean hydrogen fuel in heavy-duty transportation, reducing the environmental impact of freight mobility. The Texas-based mobility company, a leader in zero-emission transportation, is leveraging hydrogen fuel cell technology to promote both environmental sustainability and business growth by providing a cleaner alternative to diesel without compromising operational efficiency. HNO International, with over 15 years of experience in hydrogen production, aims to lead the renewable energy transition by making energy accessible to businesses and communities through innovative hydrogen-based energy solutions like SHEP™ and CHRS™.