Back

Quarton Partners advises Energy Conversion Devices in the sale of Ovonic Hydrogen Storage Company to Innova Labs.

Transaction

Ovonic Hydrogen Storage, a division of Energy Conversion Devices, Inc., was acquired by Vodik Labs, LLC. Quarton Partners acted as the exclusive financial advisor to Energy Conversion Devices in managing the sale process.

Company

Ovonic Hydrogen Storage is a leader in supplying safe, compact and refillable hydrogen storage systems for portable, mobile and stationary applications. OHS’ storage canisters are based upon a proprietary metal hydride storage system, which absorbs hydrogen into a solid metal alloy where it is safely stored in an inert state. OHS offers superior volumetric density and safety attributes relative to high-pressure compressed gas and cryogenic liquid alternatives.

Buyer / Investor

Innova Labs is an alternative energy and hydrogen technology company headquartered in Fort Worth, Texas. Innova offers state-of-the-art hydrogen production and storage systems that can be scaled to meet a variety of hydrogen-fueled applications. Small and portable enough to be used in robotic and medical solutions, and large enough to be used for home heating or to supply a fueling station. The company is a leader in the solutions and technologies that support the emerging hydrogen economy. It combines a world-class engineering with the industry’s most productive sales and delivery teams.

Contact

profile

André A. Augier

profile

Kurt L. Haras

profile

Alexander J. Schroeder

Similar Transactions

Subscribe to newsletter

© 2017 Quarton International.