According to The Australian Financial Review, QIC’s remote power generation business Pacific Energy has followed through on ambitions to round out its portfolio to include hydrogen by acquiring a provider of a hydrogen refuelling and production systems, a move that also supports its east coast expansion strategy.
With the purchase of Victoria-based ENGV, Pacific Energy will also lock in an exclusive regional supply deal for electrolysers – used in the production of green hydrogen – with the world’s biggest maker of the systems, Norway’s Nel ASA.
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