Gazprombank and InEnergy to create leader in hydrogen and electrochemical technologies

As part of its strategy for the development of hydrogen technologies, Gazprombank has announced cooperation with InEnergy, a player of the National Technology Initiative’s EnergyNet market. The partners intend to jointly implement projects aimed to scale up the domestic output of new generation fuel cells and energy storage devices.

At the first stage, Gazprombank provided InEnergy working on the hydrogen economy with funding to be used to move from the R&D and engineering phases to the production one.

Gazprombank and InEnergy intend to approach global markets with unique technologies and products using the Russian market as a starting point.

“The Bank is ready to become a pillar of support for the hydrogen industry in Russia that will patronage innovative projects and developments in this area. In their turn, Gazprombank Group’s industrial assets feature unique competencies and cutting-edge developments and use the best proven approaches and tools which allows them to be a driving force enabling switch-over to a new significant hydrogen introduction and use phase that will contribute to the development of the entire system as a whole,” Tigran Khachaturov, a Deputy Chairman of Gazprombank’s Management Board in charge of the Industrial Assets Block, said.

“Thanks to such a strong and highly professional partner as Gazprombank, support of NTI and the scientific community, we will be able to develop confidently in the rapidly growing hydrogen technology, promising energy and electric propulsion market,” Alexey Kashin, the founder and managing director of InEnergy, said.

“Today's agreement is a vivid example of how major significant projects grow up in NTI’s ecosystem and continue their development together with partner companies. Gazprombank has a large package of industrial high-tech assets and InEnergy has set up one of the most professional teams in the country to deal with electrochemistry. Such partnership paves the way for the creation of a package of sovereign hydrogen energy technologies,” Dmitry Peskov, special presidential representative on digital and technological development, emphasized.

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Gazprombank ranks among the top three leaders of the Russian banking industry in terms of key volume indicators (according to INTERFAX-100. Banks of Russia) and among the largest financial institutions operating in Central and Eastern Europe.

InEnergy is an electrochemical company specializing in hydrogen technology, fuel cells and electrochemical storage systems. As a technological leader in electrochemical solutions designed for e-transport and advanced power engineering facilities, InEnergy combines the industry-specific expertise of Russian research centers and that of global developers.