11 February 2021
Siemens UK and Riversimple formalise collaboration
Welsh hydrogen fuel-cell vehicle company has formed its first corporate strategic relationship ahead of 2023 product launch
Wales-based hydrogen fuel cell vehicle manufacturer Riversimple and Siemens UK have signed a memorandum of understanding (MoU) to formalise plans to jointly work on a number of fronts, the key one being sustainability initiatives. “We have been very wary of who we develop relationships with in the past,” Hugo Spowers, MD of Riversimple, tells Hydrogen Economist. “We have avoided car companies because their business models simply do not fit with what we are trying to do. “We will own the car until its end of life—so we design it for sustainability, not built in obsolescence” Spowers, Riversimple “If your business model is about selling cars, you are about consumption, and that does no
Also in this section
17 April 2024
Building green hydrogen ports and lower production costs key to becoming global exporter
16 April 2024
European Commission to provide list of approved certifiers in a move that is expected to help unlock investment in the sector
9 April 2024
Higher country-level risk and green hydrogen project execution risks are driving up financing costs, according to the Hydrogen Council and McKinsey
4 April 2024
EET’s $2.4b plan to decarbonise major refinery in northwest England hits key milestone with CO₂ pipeline approval