The European Investment Bank (EIB) has awarded hydrogen refuelling station developer Resato Hydrogen Technology a €25m ($25.5m) loan to expand its production capacity.
The Dutch company, based in Assen, is expected to use the venture debt facility to boost the R&D of its refuelling technology and to support its goal of producing 1,000 hydrogen refuelling stations by 2030.
Furthermore, the expansion in the northern Netherlands could increase its workforce from 170 to up to 1,000 by the end of the decade, while fostering supply chain employment and addressing the demand for skilled personnel through its H2 Academy.
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