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DLL, BayoTech Establish Revolutionary Hydrogen Generator Leasing Program

April 09, 2020, 07:20 AM
Filed Under: Program Agreements
Related: DLL, Leasing

BayoTech, an on-site hydrogen production company, announced a partnership with DLL.

BayoTech and DLL have partnered to create a 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.

"We were impressed with the experience, industry knowledge and ease of integration with DLL and look forward to a successful partnership,” said BayoTech CEO Mo Vargas. “We are excited to offer leases free from technology risk. Customers will only pay for the hydrogen produced."

Dave Ingram, DLL Commercial Lead of Clean Technology, said, "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."

BayoTech offers hydrogen production solutions through rentals, leases and sales to customers worldwide.

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