Fresh off a new $157 million equity investment in January (GM Jan. 8, p. 1), hydrogen and nitrogen technology provider BayoTech Inc., Albuquerque, expects to start commissioning at least 10 of its small modular hydrogen units in 2021.
“We’ll start commissioning our hydrogen units around the world this year,” CEO Mo Vargas told the Albuquerque Journal. “We’ll fill out customer orders for at least 10 units. We now have the capital to do it, so that’s not an issue anymore.”
BayoTech said it signed 15 commercial agreements with customers last year and got $1 billion more in project proposals in the pipeline across the globe.
At some point, BayoTech expects to deploy an on-site hydrogen generator to one of Nutrien’s nitrogen fertilizer plants (GM April 24, 2020). Nutrien is to operate the unit for supplemental hydrogen, while BayoTech will perform maintenance and 24/7 remote monitoring.