Pure Hydrogen accelerates growth in Latin America with US$28 million distribution deal

Pure Hydrogen has scored an important Master Supply and Distributor Agreement (MSDA) with the Mexico City-based GreenH2 LATAM for hydrogen equipment supply to the tune of US$28m.

In November last year, Pure Hydrogen (ASX:PH2) expanded its global distribution network for its zero emission vehicles and hydrogen equipment via a deal with GreenH2 LATAM to order at least 20 vehicles within 12 months of the term sheet being signed.

The MSDA formalises the commercial partnership with GreenH2 LATAM, a leading clean energy company based in Mexico City which is transforming the energy sector in Latin America through sustainable and high-performance green hydrogen solutions.

It’s perfect timing for Pure Hydrogen to expand its distribution plans in Mexico, with the recent election of Claudia Sheinbaum as the country’s President, who has set an ambitious goal to boost renewable energy to 45% of Mexico’s electricity production by 2030.

The MSDA stipulates that PH2 will be the preferred supplier on two projects in Mexico for the supply of hydrogen equipment – including four 2.5MW electrolysers – hydrogen compression and refuelling equipment, and hydrogen storage and transport equipment, valued at a total of US$28m (~A$44m).

GreenH2 LATAM also has the opportunity to maintain distribution exclusivity in Mexico and Colombia by generating a minimum of US$20m in net sales revenue per year from the sale of equipment supplied by PH2.

Pure Hydrogen has proven electrolyser technologies and an automated manufacturing capability that fits perfectly with GreenH2 LATAM’s plans to produce and deliver hydrogen reliably and cost-effectively.

This agreement follows a swathe of recent distribution deals, further strengthening Pure Hydrogen’s position in the global hydrogen market and expanding its reach into key Latin American regions.