9 June 2021
GreenCore and Loop Energy announced a partnership to develop and build hydrogen-powered EV charging stations.
The Parties anticipate the first pilot installation to be completed within the calendar year of 2021, with more than 1,500 EV charging and hydrogen refueling stations by the end of 2026. This follows both companies’ recent announcements of partnerships with BayoTech, a leading provider of modular, scalable, and rapidly deployable hydrogen production systems.
Read more: USA: Project to reduce the cost of clean hydrogen from $5 to $1 per kilogram in one decade
As a part of the cooperation, GreenCore will work with Loop Energy
GreenCore charging stations, will store energy in the form of compressed hydrogen and convert it to electrical power when required for charging of user’s battery-powered vehicles. This will allow the stations to be grid-independent, rapidly deployable, low cost, and small footprint. Most importantly, GreenCore’s hydrogen-powered charging stations will help solve serious issues in peak energy pricing, and remote energy access currently faced by the EV industry.
GreenCore will use hydrogen exclusively provided by BayoTech at the EV charging and hydrogen refueling stations.