Power Machines established the Center for Hydrogen Technology. This new institution is dedicated to strengthening the company's position in this area and master the technologies for hydrogen storage, transportation, production, and consumption.

The Center's experts will be engaged in research and development in this area and coordinate the interactions between Power Machines and external research organizations.

Following a long-term plan for hydrogen technology development, the company expects to offer market solutions in the field of electrolysis and hydrogen storage systems by 2024.

By 2028, the Center's developments are expected to enable Power Machines to master technology for manufacturing steam reformers and pyrolysis plants. The ultimate goal is to become a supplier of a full range of engineering solutions for hydrogen production and consumption.