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Monarch Energy’s first financial infusion from an outside partner, according to the release, and the company plans to explore other investment possibilities to support its immediate and long-term ambitions.
The firm assists with the acquisition of land rights and relevant permissions, as well as the negotiation of long-term hydrogen sales contracts required for the construction of large-scale electrolyzers.
“This investment will allow us to explore new initiatives aggressively in order to establish an ecosystem where green hydrogen projects may thrive,” said Ben Alingh, Monarch Energy’s co-founder and president.
Source: energynews.biz