Pure Hydrogen's Expansion in South America with FRN Partnership
Key Ideas
- Pure Hydrogen partners with FRN Enterprise in Argentina to distribute heavy-duty hydrogen fuel cell and battery electric vehicles, aiming to integrate hydrogen into various industries.
- The partnership with FRN adds to Pure Hydrogen's distribution footprint in South America, following a similar agreement in Mexico City with GreenH2 LATAM.
- FRN will distribute Pure's vehicles and equipment, including electrolysers, with a target of reaching $20 million in revenue over 48 months.
- The collaboration aligns with Argentina's push towards renewable energy and Mexico's ambitious goal to increase renewable energy production to 45% by 2030.
Pure Hydrogen has expanded its sales footprint in South America by signing a strategic distribution agreement with Argentinian renewable energy company FRN Enterprise. This partnership aims to integrate hydrogen into everyday applications in Argentina, spanning industries like hospitality, construction, and transportation. FRN will distribute Pure's heavy-duty hydrogen fuel cell electric vehicles (HFCEVs) and battery electric vehicles (BEVs), along with containerised electrolysers and associated hydrogen infrastructure. The agreement, lasting 48 months, requires FRN to achieve $20 million in revenue from the sale of Pure's vehicles and equipment. This move follows Pure Hydrogen's recent deal with GreenH2 LATAM in Mexico City, contributing to the company's distribution expansion across South and Central America. The collaboration reflects the broader trend of shifting towards renewable energy in South America, supported by Mexico's goal to increase renewable energy to 45% of electricity production by 2030. Overall, the partnership signifies a positive step towards promoting hydrogen technology and sustainable energy solutions in the region.