BayoTech, Inc. (“BayoTech”), a global leader in on-site hydrogen production, today announced it has received an equity investment of up to $157 million from Newlight Partners LP (“Newlight”), a growth equity investor, with participation from existing investors Cottonwood Technology Funds, Sun Mountain Capital and new investor Fortistar.
Hydrogen fuel cell mobility and clean energy company HYZON Motors Inc has signed a collaborative agreement with BayoTech, a global leader in on-site hydrogen production, for supply of low-cost, low-/zero-carbon hydrogen to accelerate the development of hydrogen fueling infrastructure for HYZON’s customers.
BayoTech and DLL have partnered to create a revolutionary leasing program to bring BayoTech hydrogen generators to customers. This collaboration will enable customers to have access to low-cost, on-site hydrogen without having to make a large capital commitment.