Speedy orders more fuel cell gensets from H-Power

Speedy Hire has ordered 15 hydrogen fuel cell generators from H-Power (formerly AFC Energy) for its Speedy Hydrogen Solutions, which it runs as a joint venture with H-Power.

The deal for the LC30 gensets, which is subject to the power units receiving CE certification, is described as a replenishment order for the business.

H-Power said the joint venture was expected to meet or exceed target utilisation rates by October 2026, “following substantial increase in demand, with a commercial offering at price parity to diesel”.

H-Power’s LC30 fuel cell generator was on show at the International Rental Exhibition (IRE) in Maastricht in early June. (Image: H-Power)

The two companies have also agreed to open an H-Power depot within Speedy Hire’s flagship London Gateway depot, to serve anticipated demand for infrastructure projects.

The business remains in investment phase, with revenues of £0.25 million in the six months to 30 April and a loss after tax of £5.8 million.

John Wilson, chief executive of H-Power, said the business continued to make “considerable progress in line with the Board’s expectations and begun to build positive commercial momentum.”

He added; “With technology delivery remaining on track, the main business focus is commercial expansion and delivery.

“Sale of hydrogen from our cracker site to multiple parties, now including Speedy Hydrogen Solutions customers, serves to demonstrate demand for low cost, green hydrogen.

“Our ability to provide UK customers with a commercial offering with cost parity to diesel creates a credible zero emission alternative to incumbent technologies. Our offering, in conjunction with government legislation and concerns regarding the price and availability of diesel continues to create favourable conditions for emerging growth.”

The company said it had commissioned a study into the US market; “In the US and mainland Europe, we envisage our go to market strategy will be delivered through a distribution-led model, partnering with distributors to leverage their end customer reach through extensive sales resources, and provision for in-country inventory for immediate deployment.”