Chart strengthens its hydrogen commitment; invests in and signs commercial agreement with Cryomotive

Chart Industries has entered into a strategic partnership with Cryomotive, through which it will develop the company’s cryogenic storage and refuelling technology to support the hydrogen station and refuelling market.

Sharing the news today (May 19), Chart said it has also completed a minority invest for €6.5m ($7.9m) in the company.

A green-tech mobility start-up based in Germany, Cryomotive is developing a disruptive clean hydrogen storage and refuelling technology platform focused on compressed cold hydrogen and cryogenic high-pressure storage.

With its proprietary CcH2 CRYOGAS technology, the company aims to decarbonise long-haul commercial vehicles while keeping the range and fuelling times similar to diesel powered vehicles and reaching parity in costs of ownership before 2030.

As a result of the investment and agreement, Chart is increasing its hydrogen addressable market by $100m to include the application of the liquid hydrogen pump, hydrogen storage tanks and transportation systems specifically on Cryomotive applications in the next five years.

Read more here.