REVO ZERO, GRUPO ÉDORA PARTNERS TO FAST-TRACK GREEN HYDROGEN REVOLUTION

KUALA LUMPUR, Sept 26 (Bernama) -- REVO ZERO Corporation, a zero-emissions technology company, and Grupo Édora, an European renewable energy developer, announced Grupo Édora's strategic investment in REVO ZERO to accelerate the deployment of a green hydrogen generation and refuelling network in the United States (US) and Europe.

Under the terms of this strategic investment, Grupo Édora has acquired a stake in REVO ZERO, and the two companies will collaborate on developing, financing, and deploying green hydrogen projects globally.

“This partnership will enable us to create the first private global hydrogen refuelling network quickly and economically,” said REVO ZERO Chief Executive Officer (CEO), Ruben G. Creus in a statement.

Meanwhile, Grupo Édora CEO, Rafael Martín said: “We are already evaluating multiple solar projects in the southern corridor of the US, from Florida to New Mexico, that will produce green energy for hydrogen generation and energy storage.”

REVO ZERO's innovative modular approach to hydrogen generation and dispensing, and Grupo Édora's renewable energy infrastructure expertise will accelerate the roll-out of a first-of-its-kind hydrogen refuelling network in the US and Europe.

The deployment of scalable green hydrogen technology will significantly reduce the cost of generating, transporting, and supplying hydrogen for the transportation industry.

The partnership will accelerate the deployment of hydrogen infrastructure for commercial closed-loop environments like airports, municipalities, and universities and will eventually serve the consumer market by providing public access to green hydrogen refuelling.

In addition, this collaboration is a significant milestone in making green hydrogen a reality for the transportation industry, as both companies are well-positioned to lead the way in this emerging industry, and their partnership will help accelerate the transition to a cleaner, more sustainable future.

Meantime, Martín, a vehicle enthusiast and owner of one of the most impressive exotic vehicle collections in Europe, is joining the REVO ZERO vehicle engineering team as a special advisor, in which his input will be invaluable in helping the company shape the future of the zero-emissions automobile industry.

-- BERNAMA