Strategic Agreement to Align UK’s First Hydrogen Network
H2 Green, the hydrogen hub developer focused on building the UK’s first hydrogen production, storage, wholesale and retail network, and Element 2, the UK-based venture capital-backed hydrogen fuel retailer, are delighted to announce a strategic agreement.
The strategic agreement, which is aimed at accelerating the creation of the first UK-wide hydrogen network, will allow H2 Green and Element 2 to align production and distribution strategies for their respective land portfolios. By supplying Element 2 with green hydrogen, Element 2 can start nationwide deployment of 800 hydrogen refueling pumps by 2027 and 2000 by 2030.
In addition, the two companies will utilize state-of-the-art analytical software created by H2 Green’s parent company, Getech Group PLC, along with the significant data gathered by Element 2 on customer habits, to analyze efficiencies for the benefit of both Companies’ customers.
The goal of the agreement between the two companies is the creation of an efficient and reliable hydrogen network across England, Scotland, and Wales which will lead to widespread adoption of hydrogen mobility technologies.
Element 2 CEO, Tim Harper, said: “Element 2 will unlock the UK’s hydrogen economy by providing essential infrastructure so hydrogen becomes a sustainable fuel. The ability to use hydrogen as a major fuel will reduce carbon emissions and help the UK reach its target of net zero emissions by 2050.
“Element 2 is already ahead of plan and thrilled to partner with H2 Green for up to 30 hydrogen refueling stations utilizing green hydrogen at H2 Green sites. This is an excellent foundation from which we will deploy 800 pumps by 2027, and 2000 by 2030, to serve emerging energy needs. Our refueling network will be ready for the demand. We look forward to identifying and deploying our pilot site and developing a nationwide rollout program to support the government’s hydrogen agenda and green job creation targets.”
Luke Johnson, Managing Director of H2Green commented:“At H2 Green, we believe that the development of hydrogen hubs will be a crucial component of our cities plans to decarbonize and meet their net-zero targets. Collaboration and efficient deployment are however absolutely critical in making this a reality.
“As such, aligning our generation and deployment strategy with a Company whose strategy neatly dovetails with our own, helps us deploy the UK’s first hydrogen network faster and more efficiently. This will ultimately drive costs down for consumers and businesses, taking us one step closer to making the hydrogen revolution happen.