In Singapore, Hydrexia Singapore, a wholly owned company of Hydrexia Holding Limited, a global hydrogen technology solution provider, and Yamato H2Energy, a system integrator and project developer of hydrogen in Japan jointly announced that the two parties have reached a Memorandum of Understanding (MoU). Under the framework of the MoU, both parties will jointly develop hydrogen storage and transport as well as refueling station equipment to be needed for the local market. Hydrexia will provide its advanced magnesium-based solid-state and hydrogen refueling station technologies to YamatoH2E, while YamatoH2E will act as a system integrator and a channel partner to integrate Hydrexia technologies. In addition, YamatoH2E will serve as a sales and marketing channel for the jointly developed products geared toward the local market. “We are excited about working with an adept channel partner such as YamatoH2E in the Japanese market. While this marks our initial entry to this important hydrogen market through YamatoH2E, I am confident that our technology solution and product strengths can help meet the needs of the hydrogen market in Japan,” said Alex Fang, the chairman and group chief operating officer of Hydrexia.
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