• New international growth areas
  • Scaling and modernisation of production capacities

Munich/ London, 15. October 2024

Siqens GmbH (‘Siqens’) and Pacific Green Technologies Inc. (‘Pacific Green Technologies Inc.’, OTCQB: PGTK) have entered into a cooperation agreement for the sales, marketing and production of Siqens fuel cell and hydrogen separation systems.

Under this strategic partnership, Pacific Green will utilise direct market access in the Middle East, Indian subcontinent, Asia and Africa for Siqens products and services. The agreement enables Pacific Green to distribute Siqens products in these markets and to manufacture Siqens systems at strategic locations in Asia.

‘Our commitment to Siqens reflects our view that methanol fuel cells are a promising technology for reducing emissions in traditionally hard-to-decarbonise sectors – such as off-grid power, fossil fuel generators and marine,’ said Scott Poulter, Chairman and CEO of PGT Pacific Green, whose company has established itself as a global technology, project and solutions partner for emissions reduction in marine and battery storage systems. ‘With Pacific Green Technologies, we have a partner on board with a proven track record in the development of low-emission technologies, a market presence and a proven track record in battery storage systems.

The order books of the Munich-based fuel cell and hydrogen technology specialist are currently at an all-time high, with significant growth in the European market as well as in Australia and the Middle East.

About Pacific Green Technologies, Inc:
Pacific Green is a global energy storage and environmental technologies company driving the energy transition to sustainable solutions. The company is focused on rapidly building a global portfolio of utility-scale battery energy storage systems (BESS), with a current pipeline of 12 GWh of storage capacity in development, construction or operation. Pacific Green’s team brings together extensive experience in technology, project development and project finance – the company has commercialised numerous breakthrough technologies and successfully led major international energy and infrastructure projects through financing and development. Expertise is complemented by strategic relationships with trusted partners in the global environmental supply chain – providing access to the best available technologies and manufacturing capabilities as well as internationally renowned financial institutions and project partners.

For more information, please visit: www.pacificgreen.com

About Siqens:

SIQENS, founded in Munich in 2012, is a leading provider of methanol fuel cells and electrochemical hydrogen separation (EHS) technology. The company’s methanol fuel cell modules (Ecoport) are used for emergency power supply in safety-critical applications and locations without a connection to the power grid. Based on the patented high-temperature polymer electrolyte membrane (HT-PEM) technology portfolio for power generation, SIQENS offers solutions for the separation and purification of hydrogen at the point of use from various source gases – for example from hydrogen admixtures in the natural gas grid or reformate gases from methanol and biogas. The SIQENS technology portfolio addresses the challenge of hydrogen supply over the last mile: Decarbonisation of power generation, transport and industry by reducing the cost of hydrogen supply.