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.
The EIB loan has been supported by the European Commission under its InvestEU initiative. The Netherlands holds a 5.2% share in the EIB, which has invested more than €27bn ($27.5bn) in Dutch projects over the past decade.
Robert de Groot, the EIB Vice-President, said, “The bank is happy to support yet another high-tech hydrogen project developed in the Netherlands, which shows how innovative Europe can be when it has the right resources.”
Resato’s CEO, Rob Castien, added, “With this support, we are further empowered to accelerate the hydrogen refuelling infrastructure. Hydrogen not only offers a clean energy solution but also reduces grid congestion, supporting Europe’s transition to a sustainable energy system.”
Last January, NXT Mobility opened a hydrogen refuelling station in Alkmaar offering both 350 and 700 bar dispensing to service trucks, buses and passenger cars. The station’s hydrogen storage tank was produced by Resato.
Read more:New hydrogen refuelling station opened in the Netherlands
Additionally, Resato opened the nation’s “first” hydrogen refuelling station in the Hague in 2019 and has since sold over 55 hydrogen refuelling stations across Europe.
In an online statement, the firm claimed it’s the manufacturer of the biggest hydrogen refuelling stations in the market with a capacity of 2,000kg per day, operated by Hypion in Neumünster, Germany.
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