Green Energy signs long-term license with Hydrogen Systems

PRESSRELEASE: GREEN ENERGY SIGNS LONG-TERM LICENSE WITH HYDROGEN SYSTEMS TO PROVIDE EXCLUSIVE RIGHTS TO ITS MOBILE INTEGRATED PHOTOVOLTAIC-SYSTEMS IN SAUDI ARABIA AND THE GULF COOPERATION COUNCIL

Vejle/Riyadh April 28, 2022

Green Energy A/S, the leader in mobile integrated photovoltaic solutions for commercial vehicles, today announced a long-term exclusive license with Hydrogen Systems Inc., a Saudi Arabian company, provides integrated hydrogen solutions and value-added support to industrial, hydrogen energy and decarbonization markets throughout Saudi Arabia and the Middle East.

The agreement provides exclusive rights to Green Energy’s total portfolio of mobile solar solutions across a wide range of applications like buses, trucks, vans and light weight steel and container roofing. The agreement allows for future manufacturing of key components of the system in Saudi Arabia.

Green Energy’s solutions will become an integrated part of Saudi Arabia’s goal towards a carbon neutral economy as its systems contributes to lower Carbon emissions and sustainable local and off grid electricity production.

Green Energy’s President and CEO Karl Andreassen stated, “We are thrilled to be working with Hydrogen Systems. Hydrogen Systems will enable the integration of flexible Hydrogen and Solar solutions to the benefit of the region at large. In addition, we believe Green Energy is a paradigm shift for the transportation industry in Saudi Arabia and the GCC significantly reducing Carbon emissions while providing increased vehicle reliability.”

“We believe our product configurations offers Hydrogen Systems the immediate benefit of positioning it as the regions’ leading provider of mobile off-grid electricity products.”

The founder and CEO of Hydrogen Systems Inc., Mr. Sattam Alsuwailem, stated – “The agreement represents an important step towards our goal of emission reductions as Green Energy’s mobile solar solutions allows the transition from motor-driven to battery driven electricity generation. There is an urgent need in expanding the renewable energy matrix and Green Energy will be key in decentralizing renewable energy. We are looking forward to the technology transfer, localization, and integration of this technology into conventional vehicles as well as electric and hydrogen fuel cell vehicles.

The heart of the Green Energy System is CIGS solar cell technology. After 8 years of intense R&D efforts, the solutions are currently being commercially launched in 27 countries throughout Europe and across more than 13 different industrial verticals.

For more information and press enquiries please contact:

GREEN ENERGY/MIPV.PRO – www.mipv.pro – COB H.P. Michelet – hp.michelet@ge-scan.com
GREEN ENERGY/MIPV.PRO – www.mipv.pro – CEO Karl Andreassen – karl.andreassen@ge-scan.com
HYDROGEN SYSTEMS SA – www.h2systems.sa – CEO Sattam Alsuwailem


Photo: from left COB H.P. Michelet (Green Energy A/S), CEO Sattam Al Suwailem (Hydrogen Systems Inc.) and CEO Karl Andreassen (Green Energy A/S)

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