The hydrogen electric truck has a 500km range from a 20-minute refuelling session

The investment will support the start-up in scaling its electrolyser technology and the manufacturing and deployment of demonstration projects at a large scale for industrial customers

They will jointly own and run Triton Power – which operates the 1.2GW combined cycle gas turbine Saltend Power Station in East Yorkshire – on a 50:50 basis

It will provide investment over the next four years, with the aim of accelerating production and storage of the technology as well as unlocking additional private investment

The Swedish energy company sees huge potential to decarbonise industries like refining, petrochemicals, steel and fertilisers by using the fossil-free technologies on the Swedish west coast

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The modernised treaty will ensure investments in new fossil fuel projects do not get legal protection and will instead have ‘a much stronger focus’ on promoting clean and affordable energy

The companies are looking to produce 3GW of hydrogen a year by 2025

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The plant will be capable of producing up to 400kg of hydrogen per day from natural gas and is expected to be online in the first quarter of 2023