NGT News
February 25, 2021
Hydra Energy, a hydrogen-as-a-service (HaaS) provider for commercial fleets, has entered a strategic partnership with Chemtrade. The long-term contract is an important factor of Hydra’s HaaS business model and includes Hydra capturing, cleaning and compressing hydrogen.
Initially, both companies are focused on one of Chemtrade’s plants in British Columbia with the potential to expand across the country. Commercial truck fleet operators with Hydra-converted semi-trucks can access green hydrogen at a fixed price, 5% below the price they typically pay for diesel. Multi-year pilots demonstrated an ability to reduce greenhouse gas (GHG) emissions up to 40%, using hydrogen-injection technology and fuel source without impacting truck performance or range. Natural gas distributors can also use the green hydrogen to meet renewable content requirements.