Emerson Enters Multiyear Strategic Framework Agreement With BayoTech

Emerson Electric Co. EMR entered a multiyear strategic framework agreement with BayoTech to accelerate hydrogen delivery worldwide.
Emerson will deliver advanced automation technologies, software, and products to enable BayoTech to build hundreds of hydrogen units to produce cleaner, lower-cost hydrogen.
BayoTech's modular hydrogen generation units produce up to 1,000 kilograms per day, enough to fill as many as 200 hydrogen fuel cell vehicles.
These hydrogen generation units are already being built and placed in BayoGaaS hydrogen hubs and at customer sites throughout the U.S. and other global locations.
Price Action: EMR shares closed lower by 1.51% at $94.20 on Thursday.