The Center for Hydrogen Technology Established under the Aegis of Power Machines

Power Machines established the Center for Hydrogen Technology. This new institution seeks to strengthen the company's position in this area and master technologies for the storage, transportation, production, and consumption of hydrogen.

Power Machines established the Center for Hydrogen Technology. This new institution seeks to strengthen the company's position in this area and master technologies for the storage, transportation, production, and consumption of hydrogen.

The Center's experts will be engaged in research and development in this area and coordinate the interactions between Power Machines and external research organizations.

Working towards achieving a long-term plan for developing hydrogen technology, the company expects to offer market solutions in the field of electrolysis and hydrogen storage systems by 2024.

By 2028, the Center's developments are expected to enable Power Machines to master technology for manufacturing steam reformers and pyrolysis plants. The ultimate goal is to become a supplier of a full range of engineering solutions for hydrogen production and consumption.

"Today we are on the verge of the hydrogen era, when the demand for such technologies will only grow. Power Machines is aware of this trend, and our goal is to carve out certain niches in equipment production and technology creation that are complementary to us. Establishing this Center for Hydrogen Technology will contribute to achieving this goal", said Aleksander Ivanovsky, General Designer of Power Machines.