Air Products received funding from the Ministry of Economic Affairs, Industry, Climate Protection and Energy of the State of North Rhine-Westphalia to build two high-capacity, publicly accessible, low-carbon Hydrogen Refueling Stations in Duisburg and Meckenheim. This marks another milestone as the company continues building a European network of hydrogen refueling stations that will provide heavy duty and long-range vehicles with low-carbon energy for zero-emission fleets. The two new stations will be located near Air Products’ current German headquarters in Hattingen, where Air Products has operated for more than 60 years. With the funding received, Air Products will build, own and operate the two high-capacity HRSs capable of fueling a range of vehicles including medium and heavy-duty classes. Supplied with the company’s own hydrogen, the refueling stations will offer a network of reliable and fast HRSs for trucks in Germany and ultimately support the ramping up of zero-emission fleets. Funding for the stations was made available as part of NRW’s hydrogen roadmap. NRW has set ambitious goals to decarbonize heavy-duty transportation and has set a target of having 11,000 hydrogen fuel cell trucks in the region by 2030. NRW also has set additional 2030 goals of having 3,800 fuel cell buses for public transportation and 200 hydrogen fueling stations.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on APD:
- Air Products price target raised to $285 from $260 at Citi
- Air Products initiated with an Outperform at Wolfe Research
- Moderna downgraded, Gap upgraded: Wall Street’s top analyst calls
- Air Products downgraded to Hold at Argus on weaker profit in Industrial Gases
- Air Products downgraded to Hold from Buy at Argus