Wolftank Group AG Expands Hydrogen Market Reach with EUR 10 Million Orders
Key Ideas
- Wolftank Group secures new orders worth EUR 10 million to build hydrogen filling stations for public buses in Carinthia and South Tyrol.
- The company ventures into a new market segment by constructing a hydrogen refueling station for construction machinery and mining equipment.
- The innovative hydrogen refueling technology offers flexibility, efficiency, and sustainability, contributing to decarbonization efforts in various industries.
- CEO Peter Werth emphasizes the importance of hydrogen in industries with limited electrification options and sees significant growth potential in the sector.
Wolftank Group AG, based in Innsbruck, Austria, has recently announced the acquisition of new orders totaling EUR 10 million to bolster its presence in the hydrogen sector. The company is set to build hydrogen filling stations for public buses in Carinthia and South Tyrol. In Carinthia, Wolftank Group will establish a station to refuel 35 public buses in Villach, partnering with GUTMANN GmbH for a project valued at EUR 5.3 million. Additionally, in South Tyrol, a collaboration with Gemmo SpA will result in a hydrogen filling station for 15 hydrogen buses and other vehicles in Merano, with an order volume of EUR 3 million.
The company is also diversifying its portfolio by entering a new market segment: hydrogen refueling for construction machinery. Wolftank Group will deploy a container-based hydrogen refueling station for a pilot project involving a hydrogen-powered large wheel loader in an Austrian quarry, amounting to EUR 1.8 million. CEO Peter Werth highlights the vital role of hydrogen in industries facing challenges in electrification, emphasizing its contribution to decarbonization efforts.
Wolftank Group specializes in energy and environmental solutions globally, focusing on energy mobility, logistics, and infrastructure development for zero-emission mobility. The company's innovative technologies aim to decarbonize transport operations, including the delivery of modular hydrogen and LNG refueling facilities. With subsidiaries in multiple countries, Wolftank Group AG remains committed to sustainable practices and environmental remediation services.
The recent orders signify a significant milestone in Wolftank Group's hydrogen initiatives, showcasing its commitment to technological innovation and sustainability. The expansion into new market segments and the emphasis on decarbonization underscore the company's strategic vision for a greener and more efficient future.
Topics
Rail
Sustainability
Decarbonization
Infrastructure Development
Energy Solutions
Environmental
Green Mobility
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Energy Mobility
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