HydrogenXT, the world’s leading innovator in hydrogen fuel production and distribution for trucks, transit, autos, planes, and AI Data Centers, has announced the signing of a Letter of Intent (LOI) with Carbonix to finance the first NeXTstop, in Avenal, Ca., strategically located halfway between San Francisco and Los Angeles.
Carbonix, a Newport Beach green finance pioneer, will receive a minority stake in the Avenal facility. This agreement marks a significant milestone in transforming the hydrogen fuel industry, enabling HydrogenXT to commence construction this fall, with first fuel delivery expected in the first half of 2026.
The HydrogenXT and the Carbonix Avenal NeXTstop project, backed by a robust $88 million capital stack including equity and debt, will produce hydrogen on a footprint the size of a typical U.S. truck stop. This will revolutionize hydrogen production and distribution with HydrogenXT’s on-site, fast, and scalable technology. Unlike all competitors in the market today who must purchase hydrogen from third-party suppliers and add markup, HydrogenXT’s innovative approach, with on-site production, significantly reduces costs and enhances the efficiency of hydrogen fuel delivery to many sectors, including transportation and data centers.
“Working with John McMonigle, Carbonix Founder and CEO, on the Avenal project is an exciting opportunity,” said Robert Wise, HydrogenXT Founder & CEO. “His commitment to sustainable development and strategic partnership aligns perfectly with our vision to lead the industry in hydrogen fuel innovation. This project is a game-changer in how hydrogen for fuel cells is produced and distributed.”
“HydrogenXT’s revolutionary approach to new fuel production and delivery is set to shake up the entire energy industry,” McMonigle commented. “Its cutting-edge technology and strategic vision will significantly impact hydrogen fuel’s future, making it more accessible and efficient for trucks, transit, planes, and AI data centers.”
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Press release https://shorturl.at/krb2W
