GKN Hydrogen, technology leader and manufacturer of metal hydride energy and hydrogen storage systems and ARAGEA AS, a Norwegian green tech startup sign an agreement to jointly develop the Scandinavian hydrogen market. Both companies are a good fit due to their core competencies and aim to develop and establish hydrogen storage solutions for Scandinavia.

Guido Degen, CEO GKN Hydrogen on the new partnership: "Norway has an attractive technological environment and is investing in the development of a future value chain for hydrogen. Together with ARAGEA, our goal is to offer efficient solutions that not only include hydrogen production, but also energy storage and the decarbonization of industrial infrastructure. In ARAGEA, we have found an ambitious partner with whom we want to tap into the potential of the Scandinavian market."

Tor Arne Hauge, Chairman of ARAGEA AS : "We are an ambitious start up, with outstanding expertise in the oil and gas project business. We are not only driving our own transformation, but also that of an entire region. GKN Hydrogen's hydrogen storage technology is inherently safe and can therefore be used in many applications. The discussions with GKN Hydrogen were very trusting right from the start. We realized very quickly that we complement each other very well and can make a difference."

The partnership focuses on the design, construction and service of energy and hydrogen storage applications that help commercial and industrial customers make their infrastructures and industrial facilities more CO2 neutral and therefore more sustainable. Core applications include, decentralized off-grid energy supplies in residential quarters and commercial buildings, charging infrastructure for electric vehicles, and CO2-neutral emergency power supply for hospitals, data centers and telecommunications facilities. In industry, the 100% recyclable storage units are very well suited for use as process gas storage units in energy-intensive industries such as the glass, ceramics and steel industries.

GKN Hydrogen is pioneering safe, emission-free storage of green hydrogen, helping companies and organizations around the world achieve their environmental goals and CO2 neutrality today and in the years to come. The company develops and markets systems, equipment and solutions for the use of green, electrical energy and hydrogen. The systems generate green hydrogen from renewable energy sources and store it, over long periods of time, compactly and loss-free in metal hydride. Depending on demand, the green hydrogen can be used directly or converted back into electricity and heat. GKN Hydrogen is part of Dowlais, an engineering group specializing in the automotive sector.

Contact GKN Hydrogen
Dirk Bolz - Director Marketing & Sales
dirk.bolz@gknhydrogen.com

Aragea is a Norwegian technology company specialized in applications for safe and reliable green hydrogen through scalable and mobile systems. With it’s roots from the oil & gas sector developing several rewarded solutions, knowledge and experience is in our DNA. From complex solutions in difficult areas to storage and production, Aragea are positioned to help our clients to meet future goals of zero emission carbon footprint.

Contact Aragea
Even Ovnerud – Investor Relations & Communication
even@oxidane.no