Atawey (a French company which designs and manufactures autonomous, green hydrogen refuelling stations) is aiming to supply 150 stations over the next five years.
The company also plans for fundraising to achieve this target and has scheduled a new round of financing for this year. The company said that currently, it is re-investing 30% of its revenues in R&D.
Atawey is using its patented high environmental performance water electrolysis technology embedded in its charging stations. The fuelling station produces hydrogen on-site, using renewable energy and water.
The company ascertain that achieving its target will give the company 40% of the market share. Last year, the company had supplied around three hydrogen refuelling stations, located in Chambéry, Evreux (Normandy) and Nouméa (New Caledonia).
“We currently hold 40% of the market, and our ambition is to keep this 40% share,” says Jean-Michel Amaré, Atawey’s president. He said the company is also looking at the possibility of expansion in various European countries.
France plans to install around 400 hydrogen stations by 2025 compared to just 30 currently. Attaway wants to gain as much as it can from this massive nationwide deployment project.
In the Auvergne-Rhône-Alpes region, Atawey has set up the first two hydrogen refuelling stations in Clermont-Ferrand and Chambéry as part of the Zero Emission Valley project, which aims to deploy 20 stations and 1,200 fuel cell vehicles in the region.
Atawey is already working on the planned rollout in Auvergne-Rhône-Alpes, setting up a new station in Moûtiers (Savoie). The company is also at work in the Île-de-France region, where it will deploy hydrogen stations as part of the Last Mile project.