$157M+ for On-site Hydrogen Supply as a Service — Mo Vargas, CEO of BayoTech

Led by CEO Mo Vargas, BayoTech provides on-site hydrogen supply for industrial customers at an industry-leading carbon intensity and economic rate using a pay-as-you-go model that reduces upfront capital costs.

Below are two excerpts from the podcast.

"Our basic goal is to provide low to zero-carbon hydrogen at the cheapest cost possible. We primarily offer this through a service called BayoGaaS wherein we build, own, operate, and finance projects and then sell that to the end-user which reduces the upfront capital cost to the customer. Our onsite generators have a lower carbon intensity than many of the traditional offerings such as electrolyzers due to the reduction in transportation and conversion losses."

"The two primary concerns are carbon intensity and cost. On the carbon intensity front, customers are often overwhelmed by ESG concerns and the need to adopt cleaner solutions. There are many cool applications of clean technology and hydrogen, but the notion that an industrial customer needs to get into the hydrogen production business can be daunting. We simplify this with our BayoGaaS offering. On the cost side, we know that the industry is primarily motivated and moved by the least cost solution. We can produce hydrogen at less than $2 per kilogram, which is far lower than the majority of the industry and makes our offering extremely compelling to customers."

Here is the transcript summary of the podcast.

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