Pure Hydrogen's Milestone $28M Deal with GreenH2 LATAM in Mexico City
Key Ideas
- Pure Hydrogen secures a significant $28 million supply deal with GreenH2 LATAM in Mexico City, encompassing hydrogen equipment for sustainable energy solutions.
- The partnership aligns with Mexico's new renewable energy goals set by President Sheinbaum, marking a shift towards green hydrogen solutions and away from fossil fuels.
- The Master Supply and Distributor Agreement (MSDA) positions Pure Hydrogen as the preferred supplier for hydrogen equipment in Mexico, opening doors for further growth opportunities in the region.
- The collaboration is expected to drive revenue growth and contribute to a greener future through the delivery of reliable, cost-effective hydrogen solutions in Latin America.
Pure Hydrogen has finalized a Master Supply and Distributor Agreement (MSDA) with GreenH2 LATAM in Mexico City, solidifying a $28 million deal for hydrogen equipment supply. This partnership signifies a strategic move to capitalize on Mexico's transitioning energy sector led by President Claudia Sheinbaum's renewable energy targets. The agreement includes the provision of electrolysers, refueling equipment, storage solutions, and transport equipment, valued at approximately $28 million. Pure Hydrogen's advanced technologies align with GreenH2 LATAM's commitment to delivering sustainable and efficient green hydrogen solutions in Latin America.
The MSDA outlines Pure Hydrogen as the preferred supplier for two projects in Mexico, emphasizing the company's pivotal role in the country's renewable energy shift. GreenH2 LATAM is granted exclusive distribution rights in Mexico and Colombia, contingent on generating a minimum annual revenue of $20 million from Pure Hydrogen's equipment sales. This collaboration is expected to leverage Mexico's evolving energy policies towards renewable sources, facilitating long-term growth and success for both entities.
Pure Hydrogen's Managing Director, Scott Brown, expressed enthusiasm for the transformative partnership, highlighting the expanding demand for hydrogen solutions across Latin America. The agreement not only strengthens Pure Hydrogen's global market presence but also signifies a strategic advancement into key Latin American territories. The partnership aims to meet escalating demand for clean energy solutions and enhance the design and cost-efficiency of hydrogen equipment to align with the global clean energy transition.
Overall, the deal underscores Pure Hydrogen and GreenH2 LATAM's commitment to accelerating the adoption of clean energy solutions in Mexico and beyond. By combining expertise and resources, the collaboration aims to drive revenue growth while contributing significantly to a more sustainable and environmentally friendly future.