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chart-acquires-25-stake-in-htec-existing-mou-remains-in-place
chart-acquires-25-stake-in-htec-existing-mou-remains-in-place

Chart acquires 25% stake in HTEC; existing MoU remains in place

Chart Industries has reaffirmed its strong commitment in the hydrogen sector, having today (September 8) acquired a 25% stake in Hydrogen Technology & Energy Corporation (HTEC).

The acquisition follows an initial announcement completed in December (2020), through which the US-based cryogenic equipment manufacturer acquired 15% of HTEC, a Canadian hydrogen technology and station developer.

As part of the expanded ownership, Chart partnered with I Squared Capital, an independent global infrastructure investment manager focusing on clean energies, which acquired 35% of HTEC’s capital stock.

Together, Chart and I Squared Capital own 60% of HTEC.

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