Grenoble – HRS, a leading European designer and manufacturer of hydrogen refueling stations, has received an order for five new 1,000 kg/day stations from Hype, in accordance with the strategic partnership signed in December 2021. The stations will join the Hype general public network in which an initial series of seven stations will be commissioned in Île de France in late 2022/early 2023. The first station in Issy-les-Moulineaux will become operational in October 2022.
In accordance with the strategic partnership signed in December 2021 providing for an order of eight stations (six 1,000 kg/day and two 200 kg/day stations), HRS has received a further order for five 1,000 kg/day stations. To meet Hype’s target of an operational network comprising seven green hydrogen distribution stations by late 2022/early 2023, these stations will start off with a capacity of 200 kg/day, to be replaced by 1,000 kg/day stations during 2023.
The new order follows on from the first two orders placed in April 2022. One of these was for the Issy-les-Moulineaux1 station, where construction began on June 27 for opening in early October 2022.
These orders help secure the supplies required to complete the first phase of the Hype station network and are in line with Hype’s targets to deploy the following resources in Île-de-France by the end of 2024: 10,000 taxi vehicles, mostly hydrogen-powered, and the integration of new uses (commercial vehicles, trucks, buses, refuse collection trucks, etc.) powered by a network of at least 26 refueling stations distributing locally produced green hydrogen and open to the general public, including 20 with a capacity of 1,000 kg/day. Hype also plans to set up operations in 15 other regions in France and abroad by the end of 2024, with the next developments to be announced in 2022.
As previously announced, the agreement between Hype and HRS provides for an exclusive supply commitment to HRS for the next five 200 kg/day stations required by Hype for its operations in France, along with a commitment to negotiate, by the end of 2022, a jointly exclusive framework agreement for the joint deployment of a minimum of 50 HRS stations.
HRS Founding Chairman & CEO said: “The swift development of projects instigated by bold players like Hype indicates the dynamic energy transition underway in our regions and our commitment to promoting the emergence of 100% hydrogen ecosystems. HRS is extremely proud to contribute to developing the most extensive network of large-capacity hydrogen stations in France.”
Founded in 2004, Hydrogen-Refueling-Solutions (HRS), formerly TSM, is pioneer in hydrogen mobility. European designer and manufacturer of hydrogen refueling stations, for over ten years, the Company has been committed to reducing transport emissions.
Thanks to its unique experience and know-how, HRS has developed a complete range of hydrogen refueling stations for all types of fuel cell vehicles that is perfectly suited to the needs of a fast-growing European market. At its Champ-sur-Drac site, HRS has mass production capacities that enable it to assemble up to 60 units per year in record time, in as little as 8 weeks. A new 14,300m2 production unit, planned for the fall of 2022, in the Grenoble metropolitan area in Champagnier (Isère), will increase HRS‘s production capacity to 180 stations per year.
The Company posted 2020/2021 revenue of €10.5 million. As of December 31, 2021, the company had 79 employees. (ISIN code: FR0014001PM5 – ticker symbol: ALHRS).