Gen-Hy plans to construct an 8,000m2 factory with an industrial scale production line for its Hy-Cube electrolysers in Pays de Montbéliard Aggolmeration, France.
The start-up’s Hy-Cube is said to incorporate its Zero Gap technology for anion exchange membranes (AEM). Gen-Hy say the technology improves energy efficiency, with green hydrogen of up to 85%, without using rare metals.
H2 View understands Gen-Hy hopes to create 124 jobs by 2025 with the construction of its new site.
Sébastien Le Pollès, President of Gen-Hy, said, “We are very happy to have been selected by the Industrial Revitalisation Fund, which listened and believed in our project. This support will facilitate the industrialisation of our technology and create jobs.”
The Industrial Revitalisation Fund, managed by Pristine, intends to support French industrial development with a €50m ($52.5m) prize fund, with assistance from an Advisory Committee and a Management Committee.
Guy Maugis, Chairman of the Advisory Committee, commented, “We are delighted that the Fund Management Committee has decided to help a promising start-up at this stage. Gen-Hy reinforces a centre of expertise in the field of hydrogen.”
Benjamin Raillard, CEO of Pristine, said, “The support granted to Gen-Hy illustrates the fund’s ability to support innovative projects that create sustainable jobs. The establishment of the company in Belfort-Montbéliard is excellent news for the region.”
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