Xebec Announces Supply Agreement for Hydrogen Fueling Statio Xebec Announces Supply Agreement for Hydrogen Fueling Station in the Netherlands
Second supply contract as opportunities for hydrogen mobility expand worldwide
May 26, 2021 07:00 ET | Source: Xebec Adsorption
MONTREAL, May 26, 2021 (GLOBE NEWSWIRE) -- Xebec Adsorption Inc. (TSX: XBC) (“Xebec”), a global provider of clean energy solutions, is pleased to announce today that its wholly owned subsidiary HyGear, has signed an agreement to supply hydrogen to a fueling station in the Netherlands. The agreement includes the on-site generation and delivery of 130,000 kg of hydrogen from HyGear’s nearby decentralized hydrogen production hub in Arnhem, Netherlands over a 1.5-year period. The supplied hydrogen is expected to support the fueling needs of approximately 33,000 fuel cell electric vehicle (“FCEV”) fills over the duration of the contract.
“This is the second hydrogen supply agreement we have signed in the Netherlands for refueling stations. We are excited about our continued traction as large-scale demand for the fuel comes online for heavy and light duty FCEVs such as buses and passenger cars. Our decentralized hydrogen production hubs already offer supply to local industrial markets, and we are primed for the increased demand from the mobility sector. This unique approach of local production and distribution will play well into our global strategy of distributed and decentralized gas generation, resulting in significantly lower costs and emissions,” stated Marinus van Driel, President of Xebec Europe.
HyGear is developing into a globally local leader in hydrogen supply
On February 18, 2021, HyGear signed its first hydrogen fuel supply contract with Rijngas, a gas sales and distribution company in the Netherlands, for the supply of hydrogen to a fueling station in Amsterdam that is operated by Orangegas. This hydrogen fuelling station is one of the first in Amsterdam and the sixth station in the country. Hydrogen is expected to play an important role in the Dutch government’s energy transition policy framework, particularly in heavy duty vehicles such as trucks, buses, tractors and ships.
While HyGear owns and operates its first hub in Arnhem, Netherlands, a second one is currently under construction in West Bromwich, United Kingdom. This second hub marks the company’s geographic expansion in Europe and will be operated by Buse Gases Ltd as a joint venture.