Chart recently announced that the completion of a minority investment in Cryomotive GmbH for the amount of euro 6.5 million and offers an in-kind contribution to develop Cryomotive’s cryogenic storage and refueling technology.
Cryomotive is a leading green-tech mobility startup in Germany. It’s proprietary CcH2 CRYOGAS technology aims to decarbonize long-haul commercial vehicles while keeping the range and fueling times similar to diesel powered vehicles.
This partnership provides another option for Chart’s customers, as Chart is now offering both liquid hydrogen, as well as CcH2 cryogenic high-pressure refueling and storage.
As the result of this investment and agreement, Chart is increasing its hydrogen addressable market by $100 million to include the application of the liquid hydrogen pump, hydrogen storage tanks and transportation systems specifically on Cryomotive applications in the next five years. |