ITM Power, member of the European Hydrogen Association and the energy storage and clean fuel company, announces that it has signed a supply and distribution agreement with Horizon Fuel Cell Technologies covering ITM Power’s small electolyser range
The agreement gives Horizon exclusive selling and marketing rights of the electrolysers in the Association of Southeast Asian Nations (ASEAN), India, Pakistan and Bangladesh as well as non-exclusive rights in Horizon’s other markets – 35 in total, including the USA and Japan. ITM’s small-scale electrolysers complement Horizon’s market evolution into product applications that require an on-site hydrogen supply; Horizon has built its global distribution network through the commercialisation of sub-kilowatt micro fuel cell products, particularly in the educational sector.
Commenting on the announcement, founder and CMO of Horizon Taras Wankewycz said: “We are extremely pleased to work with ITM as this further solidifies our UK-based developments as well as complements our new range of fuel cell products, which are ever increasing in size and capability. By working more closely together, we will be able to provide complete end-to-end solutions to our clients.”
Dr Graham Cooley, CEO of ITM said: “We are very happy to sign our first distribution agreement and take this important step in our commercialisation process. Horizon has an excellent commercial footprint globally and their experience will be invaluable to ITM Power.”