In a move to secure further hydrogen refuelling infrastructure for the UK, ITM Power has agreed a 50/50 joint venture today (March 23) with Vitol Holdings with an initial investment of £30m ($39m).
This initial investment will be matched by ITM Power in a similar move with hopes that the joint venture, dubbed ITM Motive, will enable the creation of further refuelling stations and accelerate the adoption of fuel cell vehicles.
Read more: ITM Power to supply 12MW of electrolysis equipment for hydrogen production project
Read more: Exclusive: ITM Motive to build a network of hydrogen stations for trucks and buses in the UK
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