The Voith Group has founded Voith HySTech GmbH at the Garching site (Germany). With the new company, Voith intends to strengthen its position in the growing market for hydrogen technologies and is focusing on hydrogen storage systems for heavy-duty vehicles. Here are some more news about the new company.

Voith for hydrogen storage

Voith has already developed a ready-to-install Plug & Drive H2 storage system for heavy-duty vehicles. Since December 2023, the 700 bar hydrogen tanks integrated into it has been approved for on-road use required for marketing in Europe. Through the new company, Voith is pooling the know-how of both sectors to fully exploit the possibilities of hydrogen technology and contribute to the decarbonization of heavy-duty transport.

“With the founding of Voith HySTech GmbH, we can serve the growing customer requirements in a targeted manner and leverage the existing growth potential in the hydrogen sector with our broad expertise,” said Toralf Haag, CEO of Voith.

Highlights

Nikola in need of new source of money to continue its business

Media reports say that the manufacturer has got the money to survive no longer than one quarter in 2025. Nikola managed to sell something like 200 hydrogen fuel cell trucks in the first 3 quarters of the year. At the same time, the company has been facing trouble for quite a long time, with the need...
News

Related articles

Norwegian fuel cell maker TECO 2030 files for bankruptcy

"The board of directors has decided to file for bankruptcy. The board decision is unanimous and is due to the fact that there is no longer a realistic opportunity to raise sufficient capital to continue operations", was written in an official note.