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BayoTech receives indirect investment from Caterpillar Venture Capital to boost hydrogen technology

BayoTech receives indirect investment from Caterpillar Venture Capital to boost hydrogen technology

BayoTech, a leader in localised hydrogen production has today (June 30) unveiled new indirect equity investment from Caterpillar Venture that will be used to accelerate strategic growth through product development and infrastructure expansion.

BayoTech is an energy solutions company that is committed to addressing the global need for a consistent, cost-effective, low-carbon supply of hydrogen.

Hydrogen possesses many attributes that will drive long-term demand as a fuel source, including its role in global decarbonisation efforts.

Most hydrogen is produced at large, centralised facilities before being delivered to end users however BayoTech, through its distributed hydrogen and ‘Gas-as-a-service’ offering, reduces or eliminates transportation and storage costs.

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