EIB Funds Resato Hydrogen Technology Expansion for Future of Clean Transportation
Key Ideas
- European Investment Bank approves €25 million for Resato Hydrogen Technology's expansion.
- Resato aims to establish 1,000 hydrogen refueling stations by 2030, targeting heavy transport and long-distance vehicles.
- The company's technology has enabled the availability of hydrogen for various vehicle types across Europe, reducing emissions.
- Resato boasts the largest hydrogen refueling plant in the market, with a capacity of 2,000 kg per day in Neumünster, Germany.
The European Investment Bank has granted €25 million to Resato Hydrogen Technology, a company based in Assen, Netherlands, focusing on hydrogen refueling stations. This investment will facilitate the expansion of Resato's production capacity and the advancement of proprietary technology. Their goal is to set up 1,000 hydrogen refueling stations by 2030, particularly targeting heavy transport and long-distance vehicles. Resato's innovative technology has already made hydrogen accessible in Europe, benefitting trucks, buses, cars, and trains. By overcoming the challenge of the 'chicken-and-egg' problem through an extensive refueling network, Resato is contributing to the adoption of hydrogen vehicles. Notably, the company operates the largest hydrogen refueling plant in the market in Neumünster, Germany, with a capacity to produce 2,000 kg of hydrogen per day. This strategic investment and technological advancements highlight the potential of hydrogen in transforming the transportation sector towards cleaner and more sustainable solutions.