Plug Power Inc has announced that in line with its aggressive international growth strategy it has signed a non-binding memorandum of understanding (MOU) with Hyundai Hysco Co. Ltd. (Hysco).
The two companies will create a joint venture partnership to develop and sell hydrogen fuel cells in countries throughout Asia using Hysco’s advanced stack and plate technology.
Specifically, the proposed five-year joint venture will develop, manufacture and sell fuel cell solutions, products and stacks for applications in Asian markets. Under the terms of the MOU, the companies must finalise the details of the joint venture by July 31, 2014.
... to continue reading you must be subscribed
