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.