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fabrum-partners-with-sumitomo-australia-to-offer-financing-for-liquid-hydrogen-systems
© Fabrum
fabrum-partners-with-sumitomo-australia-to-offer-financing-for-liquid-hydrogen-systems
© Fabrum

Fabrum partners with Sumitomo Australia to offer financing for liquid hydrogen systems

Fabrum will introduce a financing option for its portable liquid hydrogen systems for customers in Australia, under a Memorandum of Understanding (MOU) with Sumitomo Australia.

The containerised portable liquefiers, housed in 20-foot and 40-foot containers, are available in configurations producing either 35kg, 75kg, or 400kg of liquid hydrogen per day.

Through this partnership, the New Zealand-based firm will expand its customer base into the neighbouring Australian market. This growth will be driven by a subsidiary of Japan’s Sumitomo Corporation, a specialist in importing and supplying equipment.

“There is a growing shift towards innovation to support liquid hydrogen as a fuel for aircraft and trucks, coupled with demand for portable systems that can be easily deployed at airfields or truck stops,” explained Christopher Boyle, Fabrum’s Co-Founder and Executive Chair.

“Recently, we commissioned Australia’s largest liquid hydrogen production facility on a mine site for Fortescue, and we are soon set to ship another system to Germany – among other projects.

“Through this partnership with Sumitomo, we aim to further reduce barriers to adoption by offering a financial solution for our technology, helping the industry advance toward a hydrogen-powered future without the burden of upfront capital costs.”

Earlier this month, Fabrum opened a new liquid hydrogen testing facility at Christchurch Airport’s Kowhai Park, which customers can use for the first time this year.

Read more:Fabrum opens liquid hydrogen testing facility at Christchurch Airport

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