Stargate Hydrogen announces cooperation and first project with Rockfin Sp. z o.o.
Today, Stargate Hydrogen, a developer of electrolysis technology, signed a cooperation agreement with Rockfin, a world-leading engineering company focusing on the oil and gas sector.
Stargate Hydrogen announces that it has signed a Letter of Intent (LOI) and secured the first Purchase Order (PO) from Rockfin that marks the initial step in long-term collaboration between the parties.
Stargate Hydrogen is a company specialized in manufacturing of innovative next generation electrolyser systems for green hydrogen production. Rockfin has started to develop solutions for hydrogen production and has chosen Stargate Hydrogen as a sole supplier of electrolyser stacks for this activity. Stargate Hydrogen has already received the first PO from Rockfin and the respective stack will be delivered in early 2023. In long-term, Rockfin has an intent to purchase more than 100 MW of electrolyser stacks from Stargate in the period of 2025 to 2030. The role of green hydrogen in the oil and gas sector is growing rapidly as green hydrogen is starting to become cost competitive with grey hydrogen.
Marko Virkebau, the CEO of Stargate commented on the launch of the collaboration: “We are truly excited to start this collaboration with Rockfin, which we believe will be mutually beneficial. Supplying electrolyser stacks to Rockfin allows us to scale up our manufacturing faster and establish a strong footprint in the oil and gas sector where Rockfin has long operating history and excellent references.”