Resato Hydrogen Technology Receives €25M Investment for Expansion
Key Ideas
  • Resato Hydrogen Technology secures a €25M venture debt facility from the EIB to enhance research, production capacity, and deployment of 1,000 hydrogen refueling stations by 2030.
  • The investment aims to promote zero-emission mobility, address grid capacity issues, and advance Europe's transition to sustainable energy with hydrogen technology.
  • Robust growth projections anticipate job creation from 170 to potentially 1,000 by 2030, triggering economic development and supporting skills training through the H2 Academy.
  • The EIB's support of Resato aligns with the EU's commitment to innovative solutions, amplifying the role of hydrogen in the energy mix and promoting green infrastructure development.
Resato Hydrogen Technology, located in Assen, Netherlands, has received a €25M venture debt facility from the European Investment Bank (EIB) to boost its research, production, and deployment of hydrogen refueling stations. The investment is backed by the European Commission's InvestEU initiative and aims to facilitate Resato's expansion to deploy 1,000 hydrogen refueling stations by 2030. The EIB's support underscores the significance of hydrogen in the energy mix and the need for infrastructure to promote alternative fuels. Resato's technology is poised to enable zero-emission mobility, particularly in heavy-duty transport, and contribute to emission reductions. The company's growth is expected to create job opportunities and stimulate economic development in the northern Netherlands. Additionally, the establishment of the H2 Academy will address the skills gap in the hydrogen industry. The positive sentiment surrounding the investment reflects a broader commitment to sustainability and innovation in the energy sector, aligning with EU policy goals and the European Green Deal.
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