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ARTICLE · 15 DECEMBER 2021

Energy & Sustainability M&A Activity — December 2021

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

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November 8, 2021: Kontak Hydrogen Storage reached a definitive agreement to be acquired by Hydrofuel Canada for $3 million on November 8, 2021

United StatesEnergy and Natural Resources
Thomas Burton III
Thomas Burton III
Sahir Surmeli
Sahir Surmeli
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Recent M&A Activity:

  • November 8, 2021: Kontak Hydrogen Storage reached a definitive agreement to be acquired by Hydrofuel Canada for $3 million on November 8, 2021. The company is a developer of a liquid hydrogen storage technology intended to offer a full range of stationery and transportation applications. The company's platform comprises proprietary catalysts and precise reactor temperature that allows hydrogen to be removed from the carrier without damage and to ensure hundreds of cycles at low initial costs, which produces steam methane reforming, biomass conversion, and wind and solar electrolysis, enabling users to access the technology at much lower hydrogen costs with easy installation and relocation facilities.

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