EIB Boosts Resato Hydrogen's Expansion for Europe's Sustainable Energy Transition
Key Ideas
- EIB grants €25 million to Resato Hydrogen to enhance research, production, and deployment of hydrogen refuelling stations across Europe by 2030.
- Resato aligns with EU's sustainable mobility strategy and plans to transition to an optimized assembly facility to meet the rising demand for hydrogen infrastructure.
- The investment aims to tackle emissions challenges in heavy-duty transport by providing efficient hydrogen refuelling solutions and overcoming barriers to adoption.
- Resato's expansion is poised to significantly boost the job market in northern Netherlands, with plans to increase its workforce and offer specialized training programs through the H2 Academy.
The European Investment Bank (EIB) has provided a €25 million venture debt facility to Resato Hydrogen Technology, a Dutch company leading in hydrogen refuelling station development. This investment will fuel Resato's research and development efforts, expand production capacity, and contribute to deploying 1,000 hydrogen refuelling stations across Europe by 2030. Resato's plans align with the EU's Sustainable and Smart Mobility Strategy, aiming to address emissions challenges in heavy-duty transport. CEO Rob Castien expressed excitement for the partnership, highlighting the opportunity to accelerate Europe's sustainable energy transition. The company's expansion is expected to create significant economic growth and job opportunities in northern Netherlands, with plans to increase employees and establish the H2 Academy for specialized training. Resato's track record in hydrogen infrastructure includes opening the Netherlands' first large-scale hydrogen refuelling station and selling over 55 stations across Europe. The partnership with EIB signifies the importance of public-private collaboration in advancing clean energy solutions and boosting regional economies. With EIB's support, Resato aims to lead Europe's hydrogen revolution, contributing to a cleaner and more sustainable energy landscape.