Wolftank establishes consortium for integrated hydrogen refueling systems with Italian Public Transport Provider TPER
Wolftank Group has been selected as an operational-industrial partner for a joint consortium by TPER – the public transport provider in the Italian region of Emilia Romagna – following a public tender.
The new consortium, TPH2, has just been established and will be responsible for integrated hydrogen refuelling systems for buses to be installed by 2026. Among others, this will implement the renewal of Bologna’s public transport fleet with 127 zero-emission vehicles. Bologna is one of the 100 European cities aiming to achieve climate neutrality by 2030 as part of the EU Commission’s mission.
In parallel, Wolftank Group successfully placed and completed the capital increase approved in December. The number of shares of the Group was increased to 4,801,504 and the new shares were delivered to the depositories of the subscribers. A total of EUR 5.9 million is now available for further business expansion. The globally active Wolftank Group develops and implements state-of-the-art technologies as well as infrastructure solutions for zero-emission mobility and supplies, along with other products, turnkey modular hydrogen refuelling systems.
“We were able to implement our capital increase successfully and in a very short time. It strengthens our liquidity base and positions us even better for upcoming growth. The market offers great opportunities, particularly in the area of future mobility. With our decades of hydrogen expertise, we have an excellent basis in this sector. With the new funds, we will implement orders such as for hydrogen refuelling systems or e-charging station infrastructure and will invest in our technological lead,” says Peter Werth, CEO of Wolftank Group. The Group intends to meet the high demand for temporary mobile hydrogen refuelling systems, for example, and is currently developing rental and hire-purchase offers; around EUR 1 million from the capital increase will be used for this purpose.