Electriq Global and GVG Oil Trade B.V. to partner in fuelling Passenger Canal Boats with Electriq Fuel

Electriq Global and GVG Oil Trade B.V. to partner in fuelling Passenger Canal Boats with Electriq Fuel

The parties will collaborate in enabling zero-emissions electrified canal boats to be powered with Electriq Global’s Hydrogen-Rich Fuel in compliance with the Amsterdam municipality zero-emission requirements

(PRESS RELEASE) AMSTERDAM, 4-Jan-2021 — /EuropaWire/ — Electriq Global, a provider of Hydrogen-Rich, Zero-Emissions energy storage and transportation technologies, and GVG Oil Trade B.V., Benelux-wide Petroleum & Petroleum specialty products wholesalers, announced today their plans to develop and implement Electriq Fuel’s Storage, Distribution, and Return Flow logistics. The parties plan to work with Dutch and EU authorities to obtain all the required regulatory approvals and permits to start commercial distribution in early 2022.

Ernst van Gelder, co-founder of GVG, said: “in recent years we have increased our business with low-emissions and environmentally friendly fuels and lubricants. Partnering with Electriq Global will makes us pioneers in zero-emission fuels, and we are excited at the prospects represented by this business”.

Mr. Baruch Halpert, Executive Chairman of Electriq Global, said “GVG Oliehandel BV will provide us with ready access to the entire Benelux markets. Their logistics solutions are a perfect fit with our fuel requirements and give us the ready-made logistics infrastructure that is required for rapid market development.”

The recent recipient of the Dutch Hydrogen Prize 2020 – Erik Middelman Award, Mr. Jan Piet van der Meer, explained “chemical hydrogen carriers such as Electriq Fuel are typical circular-economy products, requiring logistics both for the fresh fuel delivery and for the return of the spent fuel to the hydrogenation plant. GVG is one of the few wholesalers who handle both streams, so this partnership is expected to be very synergetic to both parties.”

About Electriq Global
Electriq Global is an energy storage technology company developing fuel solutions for the clean energy market. Incorporated in Australia, Electriq Global operates in the EU from The Netherlands, with its R&D center in Israel. Electriq’s patented renewable energy vector spans the entire energy storage, transport and delivery spectrum with hydrogen at its core. For more information, visit www.electriq.com or contact ir@electriq.com.

About GVG Oliehandel BV
GVG Oliehandel BV is an independent Benelux importer of Aspen and internationally active with the brands Agealube, Ecomaxx, Fillpartner and Firelux. Its Subsidiary C-inco develops, produces and sells cleaning products for the industry and does the same for consumers under the brand Gently. For more information, visit www.gvg.nl

Media contacts:

Avigdor Luttinger
Electriq Global
ir@electriq.com

SOURCE: Electric Global