Ronn pens LoI with Hydrogen Horizons to form JV

US-based hydrogen fuel cell electric automaker Ronn on April 29 announced the signing of a letter of intent (LoI) to establish a joint venture with UK's Hydrogen Horizons.

The joint venture will aim to commercialise hydrogen on a global scale. Hydrogen Horizons brings to the table patented technologies in advanced hydrogen storage and hydrogen cooling systems.

Ronn Ford, CEO of Ronn, stated that Ronn bring years of experience in consulting and providing R&D on various applications of Hydrogen Horizons patented products. Ford added that the patented storage solutions could extend the range of Ronn’s hydrogen logistic vehicles.

Harry McGregor and Willian Lloyd, principals with Hydrogen Horizons, stated that as this LoI moves to a completed JV, the parties hope to add others to the agreement that are synergistic with hydrogen.