VINCI Invests €15 Million In Hydrogen-Powered Taxi Operator Hype

Energy services and infrastructure company VINCI Energies announced today the completion of a €15 million investment in integrated hydrogen mobility platform and hydrogen taxi fleet operator, Hype.

Image via ESG Today

Launched 2015, France-based Hype is developing a hydrogen mobility platform that integrates supply, production, distribution and uses. The company currently operates the world’s largest fleet of hydrogen-powered taxis, and plans to deploy its platform in 15 new regions in France and around the world by 2025.

Along with the investment, the companies announced a new strategic partnership to accelerate the deployment of hydrogen mobility infrastructure. As part of the agreement, VINCI will work as Hype’s exclusive partner for the construction of new hydrogen production and distribution infrastructure in the Greater Paris area, with plans for 26 refuelling stations with locally produced hydrogen to open in the next three years.

Additionally, the companies said that they will work together to deploy stations in other regions in France and abroad.


More By This Author:

Red Hat Commits To Net Zero Emissions By 2030
Fed Launches Climate Risk Exercise For Big Banks
Honda, LG Launch $4 Billion JV To Build EV Batteries In U.S.
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.