France's Faurecia gets €213mn from EU for hydrogen tech
SUMMARY
The company said the grant will enable the development of a new generation of hydrogen tanks, both gaseous and liquid.
By Shardul SharmaPOSTED IN:
France’s Faurecia on October 3 announced that the EU has allocated €213mn ($208.72mn) to its hydrogen technology project.
The company said the grant will enable the development of a new generation of hydrogen tanks, both gaseous and liquid. Its plant in Allenjoie in France will produce over 100,000 tanks/year, with the start of production expected in 2024.
Started in September 2021, Faurecia's Historhy Next project consists of developing and industrialising by the end of 2027 two generations of lightweight carbon fiber gaseous hydrogen tanks as well as a tank to store hydrogen in cryogenic form.
One of the objectives is to produce hydrogen storage systems in large series to reduce production costs while maintaining a high level of quality, the company said.
“Faurecia's project is fully aligned with the European ambition to accelerate the development and adoption of hydrogen technology in mobility and industry,” the company added.
