Resato Hydrogen Technology signs €25 million facility with EIB to finance research and development, and to expand its production capacity for the period leading up to 2027. The venture debt financing supports the expansion of Resato’s production capacity in Assen, which is expected to create more jobs in the surrounding region. The EIB loan is supported by the European Commission under its InvestEU initiative.
Based in Assen, in the north of the Netherlands, the company will use the financing to boost the research and development of its proprietary technology and expand its production capacity in the coming years. Resato’s growth plans include deploying 1,000 hydrogen refuelling stations by 2030 and are aligned with the European Union’s Sustainable and Smart Mobility Strategy, for which expanding production capacity is crucial. This year, Resato plans to relocate to a newly optimized assembly facility, enabling further scaling of production.
Photo of Resato Hydrogen Technology
Press release https://tinyurl.com/yvy5yxhu
