Hydrogène de France Energy (HDF Energy) has raised €132m ($156m) in a recent IPO that will help develop its first factory for utility-scale (1MW+) fuel cells using PEM technology.
Raising the funds in its first public offering, HDF said that this will help maintain its forefront position in investing in research and development to enhance the performance and reliability of its fuel cells.
HDF also said that the IPO will support an acceleration in the development of HDF Energy’s power plants and continue its international expansion in addition to being able to invest in the equity of the projects.
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