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PowerTap enters exclusive Middle East distribution agreement with Viridian

It said the collaboration with Viridian will help both private and public entities meet the growing need for renewable options across the UAE in the coming years

PowerTap enters exclusive Middle East distribution agreement with Viridian 
PowerTap said it is constantly being approached by parties all over the world to license its patented carbon capturing, hydrogen-producing technology

PowerTap Hydrogen Capital Corp said it has partnered with Viridian Hydrogen UAE to help establish a hydrogen ecosystem in the United Arab Emirates (UAE) and throughout the Middle East to meet the growing demand for alternatives to fossil fuels. 

The company, which is focused on installing hydrogen production and dispensing fueling infrastructure, said the collaboration with Viridian will help both private and public entities meet the growing need for renewable options across the UAE in the coming years. 

The initiative is in keeping with UAE Vision 2021, whose directives include the support of clean energy and the implementation of renewable growth plans, PowerTap added. 

READ: PowerTap acquires 49% of green hydrogen technology company AES-100

Viridian, which provides integrated solutions across the hydrogen sector, has been tasked to support PowerTap in continuing to build on the momentum they have established in the US through their partnership with the Andretti Group, an independent operator of more than 100 retail fueling stations, to replicate this best-in-class partnership model throughout the Middle East. With only two hydrogen fueling stations across the UAE, PowerTap said it is perfectly positioned to help strategically develop a hydrogen highway utilizing many of the country’s 643 fueling stations.

Subject to completing the manufacturing of a prototype PowerTap Gen3 unit and successful testing, the company said it expects to deploy a minimum of 100 hydrogen fueling stations with various Middle Eastern governments and private/public multinational corporations over the next 24 months. Initially, it expects to launch its products across the UAE, resulting in the Emirates becoming the first country in the region to have a nationwide hydrogen infrastructure that serves all its citizens.

“We are committed to working with Viridian and the UAE to create a template for a new hydrogen ecosystem that will be a showcase for other countries to emulate,” PowerTap CEO Raghu Kilambi said in a statement.

“We will responsibly transition the UAE to hydrogen while creating jobs and attracting investment into the United Arab Emirates. PowerTap is constantly being approached by parties all over the world to license their patented carbon capturing, hydrogen-producing technology,” he added.

PowerTap noted that to operate and conduct business in the Middle East, companies must have entrenched longstanding local connections with governments and major businesses. It said the team at Viridian has an extensive understanding of the diverse renewable opportunities present throughout the UAE and the Middle East. It will work with Viridian’s leadership and advisory board members to build lasting partnerships built on a commitment to innovation and collaboration with key regional stakeholders.

“Viridian is ideally situated to tap into hydrogen's vast potential and secure the energy needs of the United Arab Emirates and throughout the Middle East not only today but well into the future,” Saad Khan, partner of Viridian Hydrogen UAE, said.

Contact the author at stephen.gunnion@proactiveinvestors.com

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