Faurecia announced that €213 million are allocated to Faurecia’s Historhy Next project, which will enable the development of new generation of gaseous and liquid hydrogen tanks.
Faurecia’s plant in Allenjoie (France) will produce over 100.000 tanks per year. The start of production will be in 2024.
Faurecia’s Historhy Next project consists of developing and industrialising by the end of 2027 two generations of lightweight carbon fibre gaseous hydrogen tanks and a tank to store hydrogen in cryogenic form.
Faurecia and Symbio are among the ten projects supported by the French government in IPCEI, where €2.1 billion are provided to support those ten projects to accelerate the hydrogen industry in France.
Another major challenge is to offer storage systems that are more respectful of the environment. Through this project, the Group is accelerating its development of more sustainable tanks combining the use of low-carbon raw materials and the recyclability of tanks.
These new generations of tank will be produced in Allenjoie, France, and the production will start in 2024. Faurecia’s plant production capacity will be over 100.000 units by year.
Faurecia’s project aligns with the European ambition to accelerate the development and adoption of hydrogen technology in mobility and industry.
In addition, fuel cell supplier Symbio, a joint venture between Faurecia and Michelin, also benefits from this European dynamic. In a large-scale transformation project, Hymotive will multiply SYMBIO’s capacity for cutting-edge innovation and industrialisation by accelerating the mass production of its latest-generation fuel cell systems in Saint-Fons, France and developing and industrialising a new generation of fuel cells that are more efficient and at a reduced cost.
Patrick Koller, CEO of Faurecia, said, “This subsidy confirmed by the French government, which is in addition to the nearly €300 million already invested since 2017 by Faurecia in hydrogen mobility, allows us to consolidate our position as European leader by being present on 75% of the value chain.”