LONGVIEW — Longview, North Carolina-based hydrogen fuel company OneH2 announced Tuesday it had acquired all of Nuvera Fuel Cells LLC’s hydrogen generation and production assets.
OneH2
The amount of the deal was not disclosed.
The acquisition also gives OneH2 a limited license to manufacture small scale hydrogen generators currently sold under the PowerTap brand.
“I was already very excited about the speed at which our company was growing, and I am confident that this acquisition will engender even swifter growth,” said OneH2 CEO Paul Dawson in a statement. “The demand for a cleaner, more efficient energy source has surfaced in both the industrial and on-road truck market, and OneH2 is positioning itself to play a leadership role in fulfilling that growing demand.”
OneH2 has developed a scalable solution for hydrogen fuel production and distribution, which includes fuel delivery.
In 2017, the company started offering hydrogen-powered truck users with small or medium fleets ready-to-use compressed hydrogen fuel without the need for a large capital investment.
The Nuvera acquisition will help OneH2 by adding agile, small-scale hydrogen production technology.
This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
