Global industrial software and technology leader Emerson (NYSE: EMR) announced today a multiyear strategic framework agreement with BayoTech, an innovator in hydrogen solutions, to accelerate the delivery of hydrogen around the world.
BayoTech Inc. today announced that it has completed the acquisition of IGX Group, an established leader in the design and manufacture of high-pressure, cylinder-based hydrogen storage and delivery equipment. With this acquisition, BayoTech becomes a full-service hydrogen supplier, offering localized production, transport, storage and fueling solutions.
New Mexico could soon become a global hub for the world’s rapidly emerging hydrogen economy, thanks to technology developed by Albuquerque startup BayoTech Inc.