In Malaysia, Hydrexia announced that it has signed a purchase agreement with The Green Solutions Group (TGS), a renewable energy solution provider in Vietnam.
Under the terms of the purchase agreement, Hydrexia will supply units of its hydrogen refueling stations to TGS in a phased approach through 2023 and beyond. Hydrexia will be responsible for designing, deploying, and maintaining the stations for TGS. In addition, Hydrexia will also supply units of hydrogen fuel cell buses to TGS in the similar timeframe.
The two companies said they will continue to work together to explore other hydrogen business opportunities.
“This symbolizes our concrete first step in developing business in a fast-growing hydrogen market in Vietnam. Hydrexia stives to deliver the best hydrogen solutions to our partner,” said George Gan, the CEO of Hydrexia for Southeast Asia. “I believe there are many other areas where Hydrexia can work with TGS to expand the horizons of our partnership going forward,” the executive added.
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