Siemens UK and Riversimple formalise collaboration

Welsh hydrogen fuel-cell vehicle company has formed its first corporate strategic relationship ahead of 2023 product launch

Wales-based hydrogen fuel cell vehicle manufacturer Riversimple and Siemens UK have signed a memorandum of understanding (MoU) to formalise plans to jointly work on a number of fronts, the key one being sustainability initiatives. “We have been very wary of who we develop relationships with in the past,” Hugo Spowers, MD of Riversimple, tells Hydrogen Economist. “We have avoided car companies because their business models simply do not fit with what we are trying to do. “We will own the car until its end of life—so we design it for sustainability, not built in obsolescence” Spowers, Riversimple “If your business model is about selling cars, you are about consumption, and that does no