STOCK TITAN

Multi-Million Pound Supply Partnership Between Octopus Hydrogen and Luxfer Will Drive Forward UK’s Green Transport Ambitions

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
partnership
Rhea-AI Summary

Luxfer Gas Cylinders has partnered with Octopus Hydrogen to develop bulk gas transport modules for transporting green hydrogen across the UK. These 40ft Multiple Element Gas Containers (MEGC) can carry 1.1 tonnes of hydrogen and aim to tackle the infrastructure barriers hindering green hydrogen adoption in heavy goods transport and aviation. Production will begin in mid-2022 from Luxfer's Nottingham facility, leveraging their extensive experience in alternative fuel systems, contributing to the hydrogen economy and net zero goals.

Positive
  • Partnership with Octopus Hydrogen to enhance green hydrogen transport.
  • Development of Multiple Element Gas Containers (MEGC) capable of carrying 1.1 tonnes of hydrogen.
  • Utilization of Luxfer's extensive experience in alternative fuel systems.
  • Production set to begin mid-2022, tapping into growing green energy market.
Negative
  • None.

A multi-million pound partnership between Octopus Hydrogen and Luxfer Gas Cylinders is paving the way to make heavy goods transportation and the aviation industries cleaner and greener.

(Photo: Business Wire)

(Photo: Business Wire)

Luxfer Gas Cylinders - a leading manufacturer of high-pressure composite and aluminum cylinders worldwide – is joining forces with Octopus Hydrogen – a subsidiary of green energy tech pioneer Octopus Energy – in the specification and supply of bulk gas transport modules that will carry green hydrogen across the UK.

The 40ft long units designed by Luxfer, which are called Multiple Element Gas Containers (MEGC), can transport 1.1 tonnes of hydrogen from the electrolyser plant to the point of use. They will be deployed from mid-2022 and will help address the infrastructure barrier that is impacting wide adoption of the technology.

William Rowe, CEO and Founder of Octopus Hydrogen, said: “Our focus is on delivering green hydrogen to the sectors which cannot be decarbonised by batteries alone, mainly aviation and heavy-duty road vehicles. We are building a network of decentralised green hydrogen production sites using electrolysis, co-located with renewable energy generation, with localised distribution.

“We are working with Luxfer Gas Cylinders to make green hydrogen for mobility a reality. Luxfer understands the challenges of safely transporting large amounts of hydrogen and is delivering a fantastic solution now and has a great future roadmap."

Luxfer’s alternative fuel experts have a proven track record in developing and supplying bulk gas transport solutions across Europe, Asia Pacific and North America.

Mark Lawday, Global Sales Director from Luxfer added: “We manufacture over one million high performance, high pressure cylinders every year. In the alternative fuel sector, we have a team of designers and engineers who develop industry leading systems, integrating lightweight composite cylinders into fuel system modules for compressed natural gas and hydrogen applications ranging from buses, trucks, boats to bulk gas transport trailers.

“Bulk gas transport for hydrogen is an important piece of the jigsaw in enabling the hydrogen economy to be fully realised and reach net zero goals. It’s an exciting step forward, and we’re proud to be working alongside Octopus Hydrogen to drive forward innovation.”

Work to deliver the systems will be led from Luxfer’s UK manufacturing campus in Nottingham, which is home to an alternative fuel team that has designed bespoke hydrogen systems for world-first transport projects including double decker hydrogen buses, HGVs, and the UK’s first hydrogen train.

About Octopus Hydrogen

Octopus Hydrogen, an Octopus Energy Group company, is positioned to supply ‘green hydrogen as a service’ for heavy goods transportation, energy storage, industrial applications and aviation in UK, Europe and Australia, with the first kilos of green hydrogen to be sold in 2021. The intent is to remove the infrastructure cost and complexity from the end user and accelerate the adoption of green hydrogen as a fuel.

Octopus Hydrogen will bring Octopus Energy’s unrivalled customer centric approach to the green hydrogen supply market. With the recent acquisition of Octopus Renewables and the world leading Kraken platform, the Group is uniquely positioned to drive down costs and help customers drive the transition to a competitive and 100% green economy.

For more information, check out our website: https://www.octohydrogen.com/

About Luxfer Gas Cylinders

Luxfer Gas Cylinders (www.luxfercylinders.com) is the world’s largest manufacturer of high-pressure composite and aluminum cylinders. More than 70 million Luxfer cylinders in service around the world have an exemplary record for dependability and safety in a variety of applications, including firefighter and first-responder life support, medical, fire extinguishers, alternative fuel, specialty gas, beverage, aerospace, inflation, SCUBA and performance racing. An operating company of Luxfer Holdings PLC (NYSE:LXFR), Luxfer Gas Cylinders is based in Riverside, California, and has manufacturing facilities in the U.S., England, Canada, and China. For more information on Luxfer Gas Cylinders visit: https://www.luxfercylinders.com/.

About Luxfer Holdings PLC (“Luxfer”)

Luxfer is a global manufacturer of highly-engineered industrial materials, which focuses on value creation by using its broad array of technical knowhow and proprietary technologies. Luxfer’s high-performance materials, components, and high-pressure gas containment devices are used in defense and emergency response, healthcare, transportation, and general industrial applications. For more information, visit www.luxfer.com.

Issued on behalf of Luxfer Cylinders by The Tonic Communications. For more information contact luxfer@thetoniccomms.co.uk or call 0115 8248254.

FAQ

What is the partnership between LXFR and Octopus Hydrogen about?

The partnership focuses on developing bulk gas transport modules for transporting green hydrogen across the UK.

When will the new hydrogen transport systems be in operation?

The production of the new hydrogen transport systems is set to begin in mid-2022.

How much hydrogen can the new transport modules carry?

The Multiple Element Gas Containers (MEGC) can transport 1.1 tonnes of hydrogen.

What industries will benefit from the green hydrogen initiative by LXFR?

The aviation and heavy goods transportation industries will benefit from the green hydrogen initiative.

What is the goal of the collaboration between LXFR and Octopus Hydrogen?

The goal is to address infrastructure barriers and promote the adoption of green hydrogen as a fuel source.

Luxfer Holdings PLC Ordinary Shares

NYSE:LXFR

LXFR Rankings

LXFR Latest News

LXFR Stock Data

391.59M
26.79M
1.16%
92.97%
1.4%
Specialty Industrial Machinery
Industrial Inorganic Chemicals
Link
United States of America
MANCHESTER