HENSOLDT has entered into an agreement to purchase MAHYTEC, a leading manufacturer of hydrogen storage tanks and renewable energy storage systems. Once the transaction is complete, with all the necessary approvals obtained, HENSOLDT will add highly innovative technologies for compressed hydrogen storage in composite tanks as well as solid storage with metal hydrides, further complementing its portfolio of solutions to produce, store, and transport hydrogen-based regenerative energy.
Global Leading Expert for Hydrogen Storage Solutions
Founded in Dole, France, in 2007, MAHYTEC offers specialised hydrogen storage solutions for mobile, nomadic and stationary applications. The company is one of the only providers that is able to offer compressed storage in composite tanks and solid storage with metal hydrides. Moreover, MAHYTEC provides solutions that integrate the entire hydrogen value chain – from production over storage to electrical conversion. MAHYTEC is therefore positioned as the only company able to provide its clients with a complete low-pressure storage solution. HENSOLDT and MAHYTEC have partnered in the field of intelligent hydrogen to energy solutions since 2015.
Hydrogen as Part of HENSOLDT’s Sustainability Strategy
HENSOLDT also uses its capabilities to store and provide hydrogen-based green energy to reduce its own carbon footprint. One of its sites in France already runs entirely on hydrogen-based energy. The completion of the transaction is expected before summer 2021, depending on the necessary approvals by the relevant authorities.