Hydrogen Future Industries inks investment in and collaboration deal with Tower Green Holdings to provide energy storage and hydrogen as a fuel.
Hydrogen Future Industries PLC (AQSE:HFI) (HFI), the Aquis-listed developer of proprietary wind-based green hydrogen production systems, has unveiled an investment in and collaboration with Tower Green Holdings Limited, to provide energy storage and hydrogen as a fuel.
Tower is a developer of hydrogen production and distribution facilities which is establishing multipurpose hydrogen hubs in the southwest of England. Under the agreement, HFI’s system, which is in development, will be implemented as Tower’s preferred green hydrogen production technology.
HFI has made an initial investment of £100,000 in Tower for a 20% equity stake, £50,000 of which has been paid in cash and £50,000 has been settled…