Pure Hydrogen Corporation Secures Major Deal in Mexico's Clean Energy Market
Key Ideas
  • Pure Hydrogen Corporation solidifies its position in the global hydrogen market through a landmark Master Supply and Distributor Agreement with GreenH2 LATAM in Mexico City.
  • The agreement, valued at approximately A$44 million, establishes Pure Hydrogen as the preferred supplier for key hydrogen projects in Mexico, including the provision of electrolysers, compression equipment, and storage systems.
  • The partnership with GreenH2 LATAM aligns with Mexico's goal to increase renewable energy to 45% of electricity production by 2030, showcasing Pure Hydrogen's commitment to supporting clean energy initiatives.
  • This deal, coupled with recent purchase orders for hydrogen vehicles, signals significant growth opportunities for Pure Hydrogen in North America and underscores its strategic expansion in the Latin American market.
Pure Hydrogen Corporation, listed as ASX: PH2, has secured a substantial position in Mexico's clean energy market with a Master Supply and Distributor Agreement (MSDA) with GreenH2 LATAM, a renowned clean energy company based in Mexico City. The agreement, valued at around A$44 million, designates Pure Hydrogen as the primary supplier for two crucial hydrogen projects in Mexico. This includes the supply of electrolysers, hydrogen compression and refuelling equipment, as well as advanced storage and transport systems, all set to be delivered by FY2026. The collaboration grants GreenH2 LATAM exclusive distribution rights in Mexico and Colombia, subject to meeting a minimum annual sales revenue threshold. Additionally, recent orders for hydrogen vehicles from TOLL Transport and Heidelberg Materials further validate Pure Hydrogen's strategy and its expansion in the Latin American market. Pure Hydrogen's Managing Director, Scott Brown, sees vast revenue opportunities in North America, anticipating continued growth fueled by a robust pipeline of projects. The partnership with GreenH2 LATAM coincides with Mexico's push for increased renewable energy adoption, reflecting a departure from past fossil fuel-centric policies. The CEO of GreenH2 LATAM, Hector Sánchez Baena, is enthusiastic about the collaboration, emphasizing the potential to advance clean energy adoption in Mexico and contribute to a sustainable future. This agreement cements Pure Hydrogen's dedication to driving the global shift towards clean energy and establishes its foothold in the international hydrogen market, showcasing a positive outlook for the company's future growth and impact.
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