Positive contact news in the hydrogen arena
A specialist engineering group covered here has secured a new contract for hydrogen storage. With significant growth predicted in hydrogen refuelling stations around the world, we can hopefully look forward to more news like this over the coming months.
Pressure Technologies: contract win for Hydrogen Refuelling StationsSpecialist engineering group Pressure Technologies (LON: PRES) announced that its wholly owned subsidiary, Chesterfield Special Cylinders ("CSC"), has secured a contract with Haskel Hydrogen Group, part of the Precision and Science Technologies Segment at US listed giant Ingersoll Rand Inc. (NYSE:IR). The contract is for the supply of high-pressure Type 1 steel vessels to be used for hydrogen storage in three new Hydrogen Refuelling Stations (‘HRS’). Our earlier commentary here “Pressure Tech: keep an eye on the hydrogen story”, highlighted the considerable potential in hydrogen storage following the award of five HRS contracts in…