Hydrexia signs MoU with YamatoH2E to tap into Japan’s hydrogen market

The MoU outlines the intents and the scope of work by both parties to jointly collaborate to serve the needs of the Japanese hydrogen market by leveraging their respective technology and market strengths.

Under the framework of the MoU, both parties will jointly develop hydrogen storage and transport as well as refuelling station equipment needed for the local market. Hydrexia will provide its advanced magnesium-based solid-state and hydrogen refuelling 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.

As part of the local compliance requirement, both parties will seek to localise certain parts of Hydrexia's technologies including, but not limited to, engineering products and heating systems to align with the specific needs of the Japanese 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. "We extremely value our collaboration with YamatoH2E and are committed to collaborating with our local partner to materialise our joint efforts," Fang continued.

"We are delighted to engage in this joint effort with Hydrexia to bring advanced global hydrogen technology to our local market. Hydreixa's unique hydrogen technology solutions and products will help create substantial value to the Japanese market and will facilitate us in meeting the needs of our clients," commented Ikuo Hirase, the president of YamatoH2E. "We will do our utmost to ensure the success of this technology integration," added Hirase.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/19022025/hydrexia-signs-mou-with-yamatoh2e-to-tap-into-japans-hydrogen-market/