Pure Hydrogen Secures $10M Agreements for Hydrogen Vehicle Distribution in Vietnam
Key Ideas
- Pure Hydrogen has executed agreements worth $10 million for the distribution of hydrogen vehicles and equipment with the Vietnam ASEAN Hydrogen Club and a domestic party.
- The agreements include the sale of hydrogen fuel-cell electric minibuses, coaches, and electric buses, reflecting the increasing demand for sustainable transport options globally.
- The company's Managing Director highlights the growing adoption of hydrogen fuel-cell and battery electric vehicles driven by zero-emission targets in the heavy vehicle industry.
- Pure Hydrogen aims to capitalize on the emerging sector by showcasing its Micro Hub strategy to build the Hydrogen Highway and reduce emissions in the heavy vehicle industry.
Pure Hydrogen (ASX:PH2) has closed three agreements totaling $10 million with the Vietnam ASEAN Hydrogen Club (VAHC) and a local party for a multi-vehicle distribution partnership, including hydrogen equipment. The deals involve the sale of hydrogen fuel-cell minibuses, electric coaches, and buses, along with hydrogen infrastructure and chargers. Pure Hydrogen's CEO mentioned the rising demand for sustainable transportation solutions worldwide, driven by the heavy vehicle industry's focus on zero emissions. The company aims to leverage its first-mover advantage in this sector and promote its Micro Hub strategy for sustainable hydrogen adoption. VAHC's Executive Chairman expressed commitment to establishing hydrogen mobility projects in Vietnam to showcase zero-emission transport solutions. Pure Hydrogen, a clean energy company, is actively engaging in international partnerships to promote hydrogen society in Vietnam and the ASEAN region. The company's participation in the Noosa Mining Conference underscores its focus on clean technology and energy projects.
Topics
Public Transit
Clean Technology
Vehicle Industry
Business Collaboration
Energy Projects
Sustainable Transportation
International Partnerships
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