Bekaert and Toshiba Energy Systems and Solutions Corporation (“Toshiba”), have entered into a global partnership which includes a strategic cooperation agreement, and a manufacturing technology license for Membrane Electrode Assemblies (MEA), a key component for Proton Exchange Membrane (PEM) electrolyzers, that will help to accelerate the advance towards green hydrogen production. The agreement formalizes recent collaboration to leverage both companies’ technological, manufacturing and commercial strengths since signing an MoU in September 2023*.