European Investment Bank backs Resato to enhance hydrogen refuelling technology
- 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.
The European Investment Bank (EIB) has signed a €25 million venture debt facility with hydrogen refuelling station developer Resato Hydrogen Technology.
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.
EIB vice president Robert de Groot, stated :
Going forward, hydrogen will definitely be part of the energy mix.
“The green and energy transitions also depend on making sure that the right kind of infrastructure is in place to support the adoption of alternative fuels. The Bank is happy to support yet another high-tech hydrogen project developed in the Netherlands, which shows how innovative Europe can be when it has the right resources.”
In light of limitations in terms of grid capacity and availability of electricity, hydrogen is expected to play a role in several sectors of the economy when it comes to replacing fossil fuels. Specifically, Resato’s technology can help to reduce emissions by supporting the hydrogen transportation sector. Especially for heavy-duty transport (buses and trucks) and/or long distances, hydrogen vehicles are particularly beneficial due to their great range. The advantages of H2 technology, and the availability of a reliable fuelling network can help to resolve the chicken-and-egg problem of not buying hydrogen-powered vehicles if there is no supporting infrastructure, and vice versa.
Rob Castien, CEO of Resato Hydrogen Technology added:
We are honored to receive this loan from the European Investment Bank, as it signifies their confidence in Resato’s strategy, vision, and commitment to innovation.
“For Resato it’s a validation of our mission to lead the way in developing advanced hydrogen refueling solutions. With this support, we are further empowered to accelerate the hydrogen refueling infrastructure. Hydrogen not only offers a clean energy solution but also reduces grid congestion, supporting Europe’s transition to a sustainable energy system.”
Resato’s growth is projected to positively impact job availability in the northern Netherlands. Currently employing 170 people, the workforce is expected to grow to between 500 and 1,000 by 2030. This expansion is also anticipated to create a comparable number of additional employment opportunities within the regional supply chain, contributing to the area’s economic development. Scaling up production capacity comes with the challenge of finding technically skilled personnel. And to address this, Resato launched its own H2 Academy in November 2024, through which Resato collaborates with universities and local educational institutions to provide specialised training programs for careers in the hydrogen industry.
In 2019, Resato opened the Netherlands’ first large hydrogen refuelling station (HRS) in The Hague. Since then, Resato has sold over 55 hydrogen refuelling stations across Europe, supplying hydrogen to trucks, buses, cars, and trains. Resato is leading technology owner in hydrogen refuelling solutions and is manufacturer of the biggest HRS in the market with a capacity of 2000 kg per day, operated by Hypion in Neumünster, Germany.
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European Investment Bank backs Resato to enhance hydrogen refuelling technology, source
