A new acquisition announced this week could help lower the cost of hydrogen production and accelerate the adoption of hydrogen technology.
Aberdeen International yesterday (1st Feb) said that it had entered into a definite agreement to acquire 41.67% of AES-100 Inc., a company which holds the exclusive rights for T2M Global’s Advanced Electrolyser System (AES).
Expected to be a major contributor in the world’s carbon emission reduction efforts, the AES allows for much lower cost production of hydrogen with no greenhouse gas emissions, with a target of <$5/kg of hydrogen.
In December (2020), Aberdeen International announced it would invest in hydrogen as the company believes the sector is on the verge of a breakthrough due to the clean tech revolution.
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