and a main difference is that HYON does not own the projects they are hired for. They provide a service to build or implement their technology. For example the Hellesylt Hub is owned by Norwegian Hydrogen. HYON is responsable for the fueling part of the Hub. That beeing said they are a subcontractor of Norwegian Hydrogen. You can say they get paid for the engineering and implementing part, and of course for the maintenance and service part, hence after sales. The good thing is if you don`t build your own factory you don`t need and burn a lot of money, but you are able to start to build own projects ones you are ready or well financed, which could happen by any new fundings, investors, or financial commitment of Mitsui or anybody else.
|