NovoHydrogen Secures $20M Equity Commitment from Modern Energy

URLhttps://www.businesswire.com/news/home/20231017365
SourceBusiness Wire
Date Published10/17/2023

Additional Reshoring Information:

Company/Division name NovoHydrogen
Parent companyNovoHydrogen
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Capital investment ($):20
City reshored to:Centennial
State(s) reshored to:CO
If relevant, work nearshored to:-
Industry(ies):Chemicals, Machinery
Product(s) reshoredonsite and near-site green hydrogen projects
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?U.S. price of natural gas/chemicals/electricity
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