Fusion Fuel and Toyota Material Handling España Announce Strategic Collaboration to Promote Green Hydrogen Driven Forklift Solutions for Spanish Market
07 March 2023 - 7:00PM
Fusion Fuel (NASDAQ: HTOO) and Toyota Material Handling España,
S.A. (‘TMHES') are pleased to announce that they have signed a
collaboration agreement to promote the development of the green
hydrogen fuel cell forklift market in Spain.
The collaboration seeks to further strengthen TMHES’s leadership
position in the domestic zero emissions forklift truck segment by
offering end-to-end solutions of fuel cell forklifts combined with
green hydrogen production and hydrogen refuelling infrastructure
provided by Fusion Fuel Spain and its industrial partners.
The companies will offer a fully financed solution that combines
Hydrogen-as-a-Service – guaranteeing security of supply at
competitive prices – with TMHES’s market-leading operational rental
and leasing solutions for their range of forklift products.
Both companies view the logistics and material handling sector
as uniquely well suited to benefit from the advantages of hydrogen
energy and consider fuel cell forklift solutions as a critical
decarbonization vector, particularly in logistics operations
requiring heavy loads and high operating hours. The companies aim
to deploy their green hydrogen solutions to legacy forklift truck
fleets, as well as to integrated hydrogen logistics projects that
combine the full spectrum of fuel cell vehicles for supply chain,
distribution and materials handing operations.
Commenting on the agreement, Grant Greatrex, Co-Founder of
Fusion Fuel Spain and Mobility Lead for the company said, “we are
excited to announce this collaboration with a fellow pioneering
company in the green hydrogen energy transition and see great
potential for fully financed integrated solutions for our joint
clients.”
Frederico Chaves, Co-Head of Fusion Fuel, added, “we have spoken
at length about the importance of value chain partnerships to
develop the green hydrogen ecosystem and solve the chicken-and-egg
problem that all too often hinders the commercial adoption of novel
technology. We are extremely excited about the potential of this
partnership to help accelerate the deployment of Fusion Fuel’s
technology and TMHES’ forklift solutions within the Spanish
logistics and material handling market.”
Joan Catalan, Director General of Toyota Material Handling
España, has spoken about the partnership with Fusion Fuel Spain,
“we are pleased to collaborate with Fusion Fuel Spain in the
development of Hydrogen as a green energy for the mobility in our
country. Sustainability is one of our key objectives, working to
Zero emissions target, and we believe that green Hydrogen applied
to forklifts market will be a key element in this journey. Hydrogen
has been proven as a clear alternative to other sources of energy
when talking about performance, quick refill and zero emissions in
intensive applications. Toyota has been working on hydrogen for
many years, starting with the Fuel Cell forklift prototype
presented in 2005, so this cooperation agreement is a further step
to reinforce the actions already underway.”
About Fusion Fuel Green plc.
Fusion Fuel is an emerging leader in the green hydrogen sector
committed to accelerating the energy transition through the
development of disruptive, clean hydrogen solutions. Fusion Fuel
has created a revolutionary, integrated solar-to-hydrogen generator
that enables off-grid production of hydrogen with zero
carbon-emissions. Fusion Fuel’s business lines include the sale of
electrolyzer technology to customers interested in building their
own green hydrogen production, the development of turnkey hydrogen
plants to be owned and operated by Fusion Fuel, and the sale of
green hydrogen as a commodity to end-users through long-term
hydrogen purchase agreements. For more information, please visit
https://www.fusion-fuel.eu
About Toyota Material Handling España, S.A.
Incorporated at the end of 2007 as a subsidiary
of Toyota Material Handling Europe, which has several factories in
Europe. Toyota Material Handling España (TMHES) integrates the
operations of Toyota and BT, leading brands in warehouse machinery
solutions. TMHES covers the entire Spanish territory and provides a
complete range of industrial equipment for material handling. Among
its products, the company offers a complete range of new and used
forklift trucks, with driver and driverless ranges, as well as
after-sales service and rental, and other integrated logistics
automation solutions.
To find out more about Toyota Material Handling
España (TMHES) please visit: www.toyota-forklifts.es
Investor Relations ContactBen
Schwarzir@fusion-fuel.eu
Media Relations ContactRobert
Collinsfusionfuel@gatewayir.com
Fusion Fuel Green (NASDAQ:HTOO)
Historical Stock Chart
From Jun 2024 to Jul 2024
Fusion Fuel Green (NASDAQ:HTOO)
Historical Stock Chart
From Jul 2023 to Jul 2024