German hydrogen infrastructure company announces €110m investment

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Hydrogen refueling station operator H2 MOBILITY Deutschland has announced a shareholder investment round of €110 million. Daimler Truck, who have contributed to the investment, say the funds will be used for the existing hydrogen network as well as new hydrogen refueling stations which are to be built across Germany.

German hydrogen infrastructure company announces €110m investment
Photo: Daimler Truck Press Materials

The new infrastructure will help with Daimler Truck’s Mercedes-Benz GenH2 Truck model, a fuel-cell prototype that is going through an intensive testing program on the test track as well as public roads.

Daimler Truck believes that amid the drive for decarbonisation in road transport, private-sector initiatives such as H2 MOBILITY, as well as corresponding legislation on the part of policymakers to create the respective framework conditions, are essential.

Daimler Truck is aiming to have a product line of only carbon-neutral vehicles for its global core markets by 2039. To achieve this, the company states it is pursuing a dual-track strategy of both electric and hydrogen vehicles.

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