Wolftank provides technical know-how, Matrix Service provides fabrication and assembly
Wolftank is also named member of the California “Hydrogen Fuel Cell Partnership”
Wolftank Group (Wolftank-Adisa Holding AG, ISIN: AT0000A25NJ6) announced today that it has signed a cooperation agreement with Matrix Service Inc. (Matrix Service), a subsidiary of Matrix Service Company (NASDAQ: MTRX), a top tier contractor to clients across the energy and industrial markets.
The agreement brings Wolftank’s mobile hydrogen refueling solutions to the U.S. while extending Matrix Service’s work across the hydrogen value chain to include the Mobility sector, in addition to its previously well-established expertise in cryogenic storage tanks and terminals. In this context, the Wolftank Group will provide technical expertise and equipment, while Matrix will perform fabrication and assembly of Wolftank’s Hydrogen Smart Containers (HSC) used for dispensing hydrogen for passenger and commercial vehicles. Wolftank anticipates pursuing other areas such as hydrogen extraction from natural reserves.
The Wolftank Group also announced that the Hydrogen Fuel Cell Partnership (https://h2fcp.org/) in California has formally invited the Wolftank Group to join them as an Associate Member. Under the H2FCP’s umbrella, the primary players in the hydrogen mobility segment are gathered to work together on solutions in working groups and on specific projects.
“We look forward to working with Wolftank as they extend their reach into the U.S., and to leveraging our own strong brand and expertise in cryogenics to support another critical part of the overall hydrogen value chain beyond storage tanks and terminals,” said Matrix Service Company President and CEO John R. Hewitt.
“We are delighted to be working with Matrix and are convinced that local production will now enable us to roll out our solutions more broadly in the US market. Together, we want to expand the hydrogen infrastructure and realize innovative projects. Our participation in the Hydrogen Fuel Cell Partnership also makes an important contribution to this,“ says Wolftank CEO Peter Werth. The Wolftank Group established its local subsidiary in the United States, Wolftank USA, in the first quarter of 2023 and has been actively working on market development in recent months.
About Wolftank Group
Wolftank Group is a leading global technology partner for energy and environmental solutions. In the field of energy mobility and logistics, the Group supports customers in over 20 countries in implementing projects efficiently and in an environmentally friendly manner. To this end, it develops and implements tomorrow’s technologies to decarbonize transport and build the infrastructure for zero-emission mobility – for example, through the turnkey supply of modular hydrogen and LNG refueling stations. In the area of environmental solutions, the offering includes due diligences for environmental risks, customized services for soil and groundwater remediation, and recycling. The group’s subsidiaries in eight countries on three continents are controlled by Wolftank-Adisa Holding AG, based in Innsbruck, Austria. The shares of Wolftank-Adisa Holding AG (WKN: A2PBHR; ISIN: AT0000A25NJ6) are listed in the direct market plus segment of the Vienna Stock Exchange AG and in the m:access of the Munich Stock Exchange and is traded on Xetra, the Frankfurt and Berlin Stock Exchanges. Further information: www.wolftankgroup.com
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