Hydrasun has strengthened its position in the hydrogen market with the purchase of specialist supplier Fuel Cell Systems (FCS).
Berkshire-based FCS designs and builds bespoke systems including electrolysers for green hydrogen, alongside a host of applications for transport and static off-grid technology.
The move means Aberdeen-based Hydrasun will more than doubled its hydrogen revenues for 2022 with the purchase, having already been expecting takings of £5-6m from the low-carbon fuel, according to Energy Voice.
Fuel Cell Systems is anticipating sales revenue of £6million in 2022, which is expected to increase to £10m in the next financial year.
Hydrasun chief executive Bob Drummond said: “We are delighted to have completed this transaction and are very excited at the prospect of working closely with Tom and the team at FCS and to achieving the full potential for our combined organisations in the rapidly emerging and growing Hydrogen Sector.”
FCS’s core business involves working with major fuel cell manufacturers and then designing and recommending the most suitable solution for each customer’s requirements and integrate these within their energy systems.
The company has also developed a series of hydrogen refuelling systems for a range of applications in the transport sectors and integrated modular electrolyser systems for hydrogen generation.
Tom Chicken, CEO of Fuel Cell Systems, said: “Hydrasun have been a key supplier to FCS for many years and have been critical in the manufacturing and deployment of our hydrogen systems.
“This exciting new announcement will now mean the companies working together in this rapidly growing sector to help develop the green hydrogen infrastructure required for net zero.”