HRS receives aid of 1.35 million euros from Bpifrance for innovation and international development

HRS, European leader in the design and manufacture of hydrogen refueling stations, announces that it has obtained funding of 1.35 million euros from Bpifrance. This financial support is intended for the international expansion of the company and innovation in large capacity stations.

The financing includes an Innovation Loan of 800,000 euros and Prospecting Assistance of 550,000 euros, aimed at strengthening R&D activities and commercial capabilities, particularly in North America. HRS plans to establish a subsidiary in the United States in the second half of 2024, leveraging American tax and regulatory support in the hydrogen sector.

Bpifrance's financing decision enhances HRS's growth strategy and long-term vision, as highlighted by Hassen Rachedi, Chairman and CEO. He thus plans to consolidate HRS's position on the hydrogen station market, in alignment with American ambitions for green hydrogen.