Pure Hydrogen expands sales footprint in South America

Pure Hydrogen has signed a distribution agreement with an Argentinian renewable energy company for its heavy-duty hydrogen fuel and battery electric vehicles.

This deal for PH2 follows on from a recent distribution agreement it made in Mexico. Pic: Getty Images

• PH2 signs FRN as distributor of heavy-duty hydrogen fuel cell and battery electric vehicles

• FRN plans to integrate hydrogen into everyday applications in Argentina

• Adds to company’s distribution footprint in South America

Special Report: Pure Hydrogen has signed a strategic distribution agreement in South America with Argentinian renewable energy company FRN Enterprise.

FRN has a broad sectoral reach, providing technology across the hospitality, construction and transportation industries.

Its president Federico Nini said the aim of the partnership with Pure Hydrogen (ASX:PH2)  is to integrate hydrogen into everyday applications – from logistics corridors to remote power – steadily transforming how energy is produced and consumed.

The deal sets a framework for FRN to distribute and sell Pure’s suite of heavy-duty hydrogen fuel cell electric vehicles (HFCEVs) and battery electric vehicles (BEVs) in the South American market, including the delivery of containerised electrolysers and associated hydrogen infrastructure.

It builds on the recent agreement Pure Hydrogen signed with GreenH2 LATAM in Mexico City for the supply of hydrogen infrastructure, and broadens the company’s distribution footprint across strategic target markets in South and Central America.

That deal is worth a total of US$28m, thanks to a country-wide shift to renewable energy with Mexico’s president Claudia Sheinbaum driving an ambitious goal to boost renewable energy to 45% of Mexico’s electricity production by 2030.

Four-year distribution deal

This latest agreement will remain valid for a period of 48 months, subject to FRN achieving a total of US$20 million in revenue within the term from the sale of vehicles and equipment manufactured by Pure.

The company will also provide the relevant technical training and updated marketing collateral for FRN representatives where required.

This article was developed in collaboration with Pure Hydrogen, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.