DLL Inks Program Agreement with Hydrogen Producer BayoTech
APR 8, 2020 - 7:00 am
BayoTech and DLL have partnered to create a revolutionary leasing program to bring BayoTech hydrogen generators to customers. This collaboration will enable customers to have access to low-cost, on-site hydrogen without having to make a large capital commitment.
BayoTech CEO, Mo Vargas, on the partnership with DLL, “We were impressed with the experience, industry knowledge and ease of integration with DLL and look forward to a successful partnership. We are excited to offer leases free from technology risk. Customers will only pay for the hydrogen produced.”
DLL Commercial Lead of Clean Technology, Dave Ingram, on the partnership, “BayoTech fits perfectly with our business model of working with innovative energy companies around the globe, providing solutions that support a lower carbon footprint. We look forward to helping provide sustainable solutions to customers looking for on-site hydrogen generation.”
Brean Capital, a boutique investment bank, acted as exclusive advisor to BayoTech with respect to the partnership. James Mangines and Verdi Contente, who lead the effort for Brean’s Investment Banking Division, commented, “We are very happy and excited about this announcement. DLL’s ability to fund the leases enables BayoTech to respond to the high demand for low cost hydrogen generation in the market. We look forward to continuing to help BayoTech’s business grow further.”
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