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December 1, 2021
Element 1 announced that it has entered into a global agreement with NEXA Capital Partners to accelerate the adoption of its methanol-to-hydrogen generators for fuel cell applications in aerospace and particularly electric vertical aircraft. Element 1 and NEXA are combining their expertise, along with NEXA's capital market access, to hasten the introduction and commercialization of fuel cells for hydrogen powered flight. Element 1 possesses the world's only scalable methanol-to-hydrogen generator and is a global leader in small-scale to medium-scale solutions for both fuel cell stationary power and fuel cell HD mobility. NEXA and Element 1 will begin moving this technology into the aerospace manufacturing supply chain immediately, and through their newly formed partnership are expected to tap policies and funding from the recently enacted $1.2 trillion Infrastructure Investment and Jobs Act (HR 3684). The legislation calls for the development of a sector-by-sector national strategy and roadmap to facilitate a clean hydrogen economy. HR 3684 explicitly mentions methanol as a practical hydrogen-carrier. Element 1 is headquartered in Bend, Oregon. NEXA Capital Partners, based in Washington, D.C., provides corporate and strategic financial advisory services and capital investment to the aerospace, transportation, and logistics sectors.