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UMOE Advanced Composites AS (UAC) develops and manufactures advanced lightweight pressure tanks in composite materials, such as glass fibre, and transportation modules for hydrogen, biogas and compressed natural gas. Glass fibre is significantly less costly than for example carbon fibre. Moreover, glass fibre can because of its weight advantage transport…
Nordic clean tech fund NRP Green Transition I has invested to become shareholder in glass fibre pressure vessel producer Umoe Advanced Composites (UAC). Conducted through...
Specializing in retail investor omnichannel outreach, Public Yield Capital announced its acquisition of a Chicago-based Investor Relations technology platform to advance its investor marketing and support
Photo Credit: UAC It was announced on May 3 that Umoe Advanced Composites AS (UAC, Kristiansand, Norway), a supplier of fiberglass pressure vessels and transportation modules for hydrogen, biogas and compressed natural gas (CNG) has entered into a joint venture (JV) to build up a large-scale production facility in China. A $60 million conditional order has already been placed with the JV. “We believe our fiberglass-based pressure vessels represent a technological sweet spot for large-scale hydrogen expansion in particular, and we are delighted that leading Chinese industrial and technol...