Saga Pure ASA: Takes 33% stake in liquid hydrogen storage technology company
(Oslo, 25 March 2021) Saga Pure ASA (Saga Pure, OSE: SAGA) has committed to subscribe for NOK 30 million in a private placement of new shares (the “Private Placement”) in IC Technologies AS (ICT), which is developing a novel storage solution for liquid hydrogen and LNG. Following the Private Placement, Saga will have an ownership of approximately 33% in the company.“One of the crucial elements in the hydrogen value chain is storage, distribution and transportation. Liquid hydrogen is the most energy dense form of hydrogen, but current storage solutions for liquid hydrogen are not ideal, as