United States miner targeting green hydrogen market agrees to acquire CSP developer
- Buscar Co (OTCMKTS: CGLD), an US mining company seeking to get in the lasting energy area, has actually authorized an offer to buy APTG Inc, the developer of a concentrated solar power (CSP) modern technology that can be integrated with green hydrogen production.
Holding numerous gold mining claims in California and also some in Nevada, Buscar is a mining operation that is going after an expansion in a green power technology direction in view of energy scarcities and also the boosting demand in the field. It has actually made a decision to accomplish this by taking over a manufacturing business with "advanced innovations".
The targeted company's chief executive officer, Vadim Gurman, shed more light on its business: "We have actually developed services to construct an ecological community including an advanced solar concentrator, made from mirrors as a Fresnel lens, a high-temperature receiver, thermal storage space for evening usage, and also a power generator. As opposed to the high-temperature receiver, an activator of green hydrogen can also be set up. It is a new and innovative innovation for hydrogen production."
Buscar did not supply even more details on what it claimed is an unique agreement to get APTG.