New Mexico, USA – BayoTech, an innovative on-site hydrogen production company, announced today that it has signed an agreement with Element Two, a UK-based venture capital backed deployer of Hydrogen Refuelling Stations (HRS) and a retailer of hydrogen fuel to the consumer.
BayoTech is a provider of hydrogen generation systems and Element 2 Ltd, a developer of hydrogen refuelling systems and retailer of hydrogen fuel. The two companies plan to collaborate on a project in Scotland and serve a wider number of projects across the UK and Europe.
BayoTech is an energy solutions company committed to addressing the global need for consistent, cost-effective, low-carbon supply of hydrogen. Hydrogen possesses many attributes that will drive long‐term demand as a fuel source, including its role in global decarbonization efforts. Today, most hydrogen is produced at large, centralized facilities before being delivered to end users. BayoTech, through its on-site hydrogen generators and “Gas-as-a-Service” offering, reduces or eliminates transportation and storage costs, which result in less energy wasted and a lower carbon footprint than traditional hydrogen production technology and electrolyzer-based systems. The company’s modular, scalable, and rapidly deployable hydrogen production systems require lower upfront capital commitments, streamlined siting and installation and, when paired with renewable natural gas (“RNG”) and/or carbon capture, offer the most cost-effective green hydrogen available today.
BayoTech’s hydrogen generation systems produce local hydrogen close to the application. This saves customers money and reduces the carbon intensity associated with the legacy challenges of liquifying and transporting hydrogen. This allows BayoTech to serve a diverse set of end users, including traditional consumers in the industrial gas and chemicals industries, as well as those using hydrogen to power the fast-growing fuel cell segment.
Controlling emissions from agriculture, wastewater and other forms of methane emitting waste is critical to the UK reaching its net zero goals. Using BayoTech’s hydrogen technology to create zero and negative carbon fuel for Element 2’s growing network would be a huge step towards helping meet net zero.
“The UK is evolving quickly on their approach to the hydrogen industry and BayoTech plans on playing its part by investing significant capital to develop plants, create jobs, create tax base and help meet the UK carbon reduction goals” said Mo Vargas, President and CEO for BayoTech. Steve Jones, SVP BayoTech UK & Europe added “We are very focused on delivering low to negative carbon solutions by working with our local partners in the green biogas and carbon capture space. In addition, we are growing our local team to ensure we execute on the plan”.
Element 2 CEO, Tim Harper commented: “Our agreement with BayoTech is an integral key to unlocking the UK’s hydrogen economy. This relationship is further evidence of Element 2’s continuation to progress ahead of plan.
“Element 2’s refuelling network will be ready to meet demand as it transpires, reducing carbon emissions and helping the UK reach its target of net zero emissions by 2050. We can offer a unique perspective on the infrastructure of refuelling and we will be ready to fuel the UK transport sector with hydrogen as soon as it is needed.”