Guofu Hydrogen Energy to Supply Equipment For Green Power Project

MT Newswires Live05-06

Jiangsu Guofu Hydrogen Energy Equipment (HKG:2582) entered into a 150 million yuan sales agreement to supply equipment for a 300 megawatt new-energy-coupled green power project, according to a Hong Kong bourse filing Thursday.

The hydrogen energy equipment provider's shares gained over 2% in morning trade Wednesday.

The project is being constructed by Jiujiang Electric Power Construction (Shaanxi).

Meanwhile, the firm said its Broaden Energy Hydrogen Solutions joint venture in the Middle East plans to construct a local manufacturing base for hydrogen energy equipment and hydrogen-powered drones.

The JV entered into a lease agreement with Khalifa Economic Zone, Abu Dhabi, as part of steps to begin construction.

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