JCB, HYCAP and HydraB Join Forces to Launch HYKIT

The UK’s hydrogen industry was given a transformative boost today following the unveiling of HYKIT, a joint venture between investment company HYCAP, green pioneer HydraB Group, and JCB which will manufacture key products for the clean economy.

Starting in 2025 from a state-of-the-art unit in Oxfordshire, HYKIT will build a suite of products to assist hydrogen distribution, including mobile compressors, storage solutions and refuelling systems.

Developed in tandem with JCB’s hydrogen engineering division, the products will provide vital infrastructure for operators of hydrogen machinery and vehicles  in the construction and transportation sectors.

Jo Bamford, Executive Chairman of the HydraB group which owns a suite of companies in the net zero space, including zero-emission bus manufacturer Wrightbus, hydrogen distributor Ryze Power and H2 producer Hygen Energy, said the new company was a vital stepping stone to further hydrogen adoption.

“I first started talking about hydrogen in 2019 and ever since then we’ve been steadily building a network of companies who can get this industry on its feet,” Jo explained.

“Between us we’ve delivered hydrogen buses and hydrogen diggers; now we are focusing on the infrastructure to bring it all together.

“Our commitment to the industry is clear – we are putting the ecosystem in place to help businesses realise that hydrogen is a vital part of the UK’s energy mix.”

JCB Chairman Lord Bamford said: “JCB has proven that hydrogen can be a fuel of the future for construction and agricultural machinery, without any of the carbon emissions associated with fossil fuels.

“Machines powered by JCB’s pioneering hydrogen combustion engines are set to revolutionise how building sites and farms of the future operate. A key ingredient in this hydrogen revolution is getting the right infrastructure in place to support the deployment of this clean fuel.

“HYKIT’s launch shows that we are serious about the hydrogen economy and serious about getting UK-engineered equipment to get this industry moving.”

James Munce CEO of HYCAP, an investment fund dedicated to energy transition investments added: “Our view is that the integration of JCB’s industrial expertise into HYKIT will lead to new standards of reliability and affordability in equipment to distribute and dispense hydrogen.”

 

Source: https://memuknews.com/sustainability/ev-fuel-cells/jcb-hycap-and-hydrab-join-forces-to-launch-hykit/

 

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Source: MEMUKNews.com