ULEMCo has announced the closure of a funding round worth almost half a million pounds, which it will use to speed up its rollout of hydrogen mobility solutions.
On 19 April, ULEMCo outlined how the funds, which are an equity investment from Equity Gap and Scottish Enterprise, will be used within its overall business plan to develop its capability to support customers in Scotland, where demand for its technology is accelerating “particularly fast”. ULEMCo has been successful in converting large vehicles to run on hydrogen dual fuel, solely hydrogen and hydrogen fuel cells.
It further highlighted how a number of cities across Scotland have come to appreciate how hydrogen vehicle solutions can deliver practical routes to decarbonising their heavy duty utility vehicle fleets.
Amanda Lyne, Managing Director at ULEMCo, said: “This investment will give us extra resources to widen our offer, and provide immediate practical routes to using green hydrogen as a transport fuel, something we know the Scottish government and its communities really understand. Creating demand for the use of hydrogen fuel now, enables investors to make the case for building a hydrogen infrastructure to deliver net zero emissions.”