Element 2 will invest up to £2m to open its first hydrogen refuelling station in Scotland.
The company is seeking to acquire a two-acre site in Bridge of Don near Aberdeen, which should support up to six pumps, capable of dispensing up to three tonnes of hydrogen fuel per day.
Element 2 plans to invest £1bn during the next 10 years in rolling out a hydrogen refuelling network of around 2,000 pumps across the UK, including more than 250 pumps in Scotland, during the next six years.
Commercial property company Future NRG has been commissioned to identify potential refuelling station sites and to progress lease agreements and relevant planning approvals.
It has identified Aberdeen, Dundee and Glasgow as areas for establishing its Scottish refuelling network.
The company is in talks with several local authorities, transport operators and fleet owners to formalise sustainable partnerships.
The first station is planned to be located near potential customers based around Aberdeen Airport and commercial transport companies accessing the city bypass and A90.
Element 2 is also in the process of securing office premises in Aberdeen and plans to recruit and train operators and maintenance engineers to service the hydrogen refuelling systems.
Depending on planning consent, the Bridge of Don site could be operational in the first quarter of 2022.
Element 2 is led by entrepreneur and former European Space Agency engineer Tim Harper and fuel cells and hydrogen technology expert Brendan Bilton.
Chief executive Harper said: “We have been impressed by the forward thinking shown by local government leaders and business leaders in Aberdeen and Aberdeenshire as the city and region makes a monumental shift in how it consumes energy, and so choosing Bridge of Don as the location for our first hydrogen refuelling station was always high on our agenda.”
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