Austria-based Wolftank is joining forces with a unit of Spain’s Molgas to set up LNG and hydrogen refueling stations in European markets.
In that regard, Wolftank and Molgas Energia Italia signed a cooperation agreement to jointly establish a “double-digit number” of such stations, according to a statement on Tuesday.
Molgas, owned by French private equity firm InfraVia Capital Partners, is investing heavily in small-scale developments in Europe. The firm completed last year a deal with LNG giant Shell to buy Norway’s LNG supplier Gasnor and recently acquired a controlling stake in Greece’s small-scale LNG firm, Blue Grid.
On the other side, Wolftank develops and implements technologies as well as infrastructure solutions for mobility, including the delivery of turnkey, modular hydrogen and LNG refueling facilities.
Under the cooperation deal, the two firm initially plan to develop LNG and hydrogen stations in Spain, Italy, Germany, France, Austria and Slovakia, Wolftank said in the statement.
“To enable sustainable mobility across all regions, there is an urgent demand for the necessary infrastructure. In this respect, there is a massive catch-up need throughout Europe,” Peter Werth, CEO of Wolftank said in the statement.
“Through our cooperation, we want to make renewable energies more widely available. As a technology partner of Molgas, we contribute with our decades of expertise in the construction of hydrogen and LNG refueling facilities”, he said.
