European Investment Bank Boosts Resato for Hydrogen Refuelling Expansion
Key Ideas
- Resato Hydrogen Technology secures a €25 million facility from the EIB to finance R&D and expand its production capacity in Assen.
- The EIB loan supports Resato's plans to deploy 1,000 hydrogen refuelling stations by 2030, in line with the EU's Sustainable Mobility Strategy.
- Resato's growth is expected to create more jobs, with the company projecting employment to grow to between 500 and 1,000 by 2030.
- To address the need for skilled personnel, Resato launched the H2 Academy to provide training programs for careers in the hydrogen industry.
Resato Hydrogen Technology in Assen, Netherlands, has secured a €25 million facility from the European Investment Bank (EIB) to enhance its hydrogen refuelling technology. The financing aims to support research, development, and production capacity expansion leading up to 2027. The EIB loan, part of the InvestEU initiative, is aligned with the expansion plans of Resato, which include deploying 1,000 hydrogen refuelling stations by 2030. The company's growth strategy is in line with the EU's Sustainable Mobility Strategy. This move is expected to create more job opportunities in the region, with employment projected to reach between 500 and 1,000 by 2030. Resato's commitment to innovation and sustainable energy solutions is further strengthened by the EIB's support.
The company aims to address the challenge of finding skilled personnel by launching the H2 Academy in November 2024. Through this initiative, Resato collaborates with universities and educational institutions to provide specialized training programs for careers in the hydrogen industry. Resato's technology plays a crucial role in reducing emissions and supporting hydrogen transportation, particularly in heavy-duty transport and long-distance travel. By focusing on developing advanced hydrogen refuelling solutions, Resato contributes to the transition to a sustainable energy system in Europe. The positive sentiment surrounding this partnership is evident, as EIB's Vice President Robert de Groot highlighted the importance of hydrogen in the energy mix and the need for infrastructure to support alternative fuels. The confidence shown by the EIB in Resato's strategy and vision further validates the company's mission. With the support received, Resato aims to accelerate the hydrogen refuelling infrastructure and lead the way in hydrogen technology innovation.