Cavendish Hydrogen Secures Major Upgrade Contract in Poland

Cavendish Hydrogen Secures Upgrade Contract

Cavendish Hydrogen ASA (Oslo Børs ticker: CAVEN) is thrilled to announce a new contract with PAK-PCE Stacje H2, a company within the esteemed Polsat Plus capital group. This contract entails the upgrade of the Rybnik hydrogen fueling station, showcasing a significant investment valued at around EUR 1.3 million.

The project aims to enhance the fueling capabilities of the station, which has been operational since Q3 2023. During this period, the station has successfully fueled over 7,500 vehicles and dispensed more than 100,000 kg of hydrogen, demonstrating its strong performance. The impending upgrade will enable it to cater to a growing fleet of more than 30 buses in Rybnik.

Expanding Hydrogen Infrastructure

With PAK-PCE H2 adding 11 new Neso buses to the local public transport fleet, the demand for hydrogen has surged. This upgrade project will introduce a new station module and dispenser, positioning the Rybnik station among Europe’s largest hydrogen fueling stations. This expansion embodies the collaboration’s primary goal of increasing accessibility to hydrogen fueling and supporting the city's sustainable transport initiatives.

Commitment to Excellence

According to Robert Borin, CEO of Cavendish Hydrogen, the partnership with PAK-PCE H2 has been strengthened over time. He expresses enthusiasm about expanding their relationship further: "At Cavendish, we are pleased to continue building on the already strong partnership with PAK-PCE H2 Stations. Our cooperation not only showcases our leading product quality but also our commitment to delivering excellence during the operational phase. We intend to establish a commanding presence in the Polish market."

Shared Vision for Hydrogen Growth

Pawe? Bujak, CTO of PAK-PCE H2 Stations, shared his excitement regarding ongoing collaborations: "Cavendish has supported PAK-PCE H2 Stations from the very beginning in building our hydrogen refueling station network in Poland, which now encompasses six locations. This continuity in collaboration is vital for our shared objectives toward developing urban transport powered by hydrogen and utilizing our innovative Neso buses. We firmly believe that the enhanced infrastructure in Rybnik will significantly contribute to the growth of the hydrogen market."

This collaboration reflects a broader commitment to advancing sustainable transportation solutions and improving regional infrastructures. Cavendish Hydrogen remains focused on innovation, quality, and service excellence in every aspect of their operations.

Contact Information

For further inquiries, feel free to reach out to:
Mirza Koristovic,
Head of Investor Relations,
+47 938 70 525. More detailed information can be obtained directly from our investor relations team.

Frequently Asked Questions

What is the recent contract awarded to Cavendish Hydrogen?

Cavendish Hydrogen secured a contract with PAK-PCE Stacje H2 for upgrading the Rybnik hydrogen station, valued at EUR 1.3 million.

How will the upgrade benefit the Rybnik station?

The upgrade will expand the station's capacity to support a fleet of over 30 Neso buses and further enhance its operational capabilities.

What is the significance of the partnership with PAK-PCE H2?

The partnership emphasizes shared goals in developing hydrogen infrastructure and sustainable transport solutions, illustrating a strong commitment to growth in the hydrogen market.

How has the Rybnik hydrogen station performed since its launch?

Since its launch, the Rybnik station has fueled over 7,500 vehicles and dispensed more than 100,000 kg of hydrogen, showcasing significant performance.

Who can I contact for more information regarding the contract?

Mirza Koristovic, Head of Investor Relations, is available for inquiries and further information about Cavendish Hydrogen and its projects.

About The Author

Riley Hayes here, a financial writer and specialist committed to assisting individuals in navigating the intricate world of finance. My love is using my blog and articles to simplify complex financial ideas into understandable, doable guidance. Having worked in finance for many years, I try to give my readers the information and resources they need to make wise financial choices.

Writing for several financial blogs has let me connect with a wide range of readers, from novice investors seeking new ideas to seasoned investors. My mission is to make money interesting and approachable so you may take charge of your financial future. I appreciate you traveling with me toward success and financial literacy.

Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.