Australian technology and lifestyle company LAVO and Nedstack will localise the production of Nedstack fuel cell production technology in Australia as part of a new partnership.
The two companies today (19th Nov) said that by combining their experience and innovative spirt, they hope to boost Australia’s manufacturing capabilities and capitalise on consumer demand across the Australasia region.
Commenting on the announcement, Alan Yu, CEO and Executive Director of LAVO, said, “We are thrilled to be joining forces with Nedstack to bring market leading fuel cell production facilities to Australia and the broader Australasia region.”
“Through our work together in developing the LAVO System, we have already established a strong relationship with Nedstack and have full confidence in the team as a trusted manufacturing partner. We look forward to continuing to deepen that partnership through our joint venture, leveraging the full strength of Nedstack’s global network and creating additional opportunities for growth.”
Arnoud van de Bree, CEO of Nedstack, added, “We are very pleased to be expanding our footprint into Australia and could think of no better team to do it with than LAVO. Our work at Nedstack revolves around creating global solutions to address the environmental challenges that the world is facing, and LAVO’s innovative hydrogen technology is set to have a real, positive impact.”
“LAVO’s vision for a lower emissions future and the role that hydrogen storage solutions will play is well-aligned with ours, and we are pleased to be coming together to develop the infrastructure necessary to deliver on that vision.”