March 29 (Renewables Now) – H2 Mobility Deutschland GmbH has secured EUR 110 million (USD 120.6m) in funding from clear hydrogen funding platform Hy24 and its current buyers to improve its infrastructure and greater than triple the variety of its hydrogen refuelling stations by the tip of the last decade.
Hy24, by its Clear H2 Infra Fund, supplied EUR 70 million of the contemporary capital and can grow to be the eighth investor within the Berlin-based firm. The rest got here from current buyers together with Air Liquide (EPA:AI), Daimler Truck (ETR:DTG), Hyundai, Linde (NYSE:LIN), OMV (VIE:OMV), Shell (LON:SHEL) and TotalEnergies (EPA:TTE).
The transaction is topic to regulatory approval.
The proceeds from the fundraiser will likely be used to improve the present community and construct new hydrogen filling stations, H2 Mobility stated on Tuesday. The corporate operates greater than 90 hydrogen stations and their quantity is deliberate to develop to 300 by 2030, together with greater than 200 large-scale refuelling stations to satisfy the demand for heavy-duty and long-haul transportation in Europe. The community will likely be expanded with a give attention to a number of high-traffic transportation corridors and in cooperation with off-takers, public authorities, and fleet operators with the intention to guarantee offtake for the stations.
H2 Mobility Deutschland was based by Air Liquide, Daimler, Linde, OMV, Shell and TotalEnergies in 2015 to help the introduction of carbon-free gasoline. Hyundai joined the initiative in 2021.
(EUR 1 = USD 1.097)
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