The Company anticipates being listed on Nasdaq in the first quarter of 2023, with a market capitalization of $1 billion USD (equivalent to approximately 64.5 billion CNY).
HRS, a hydrogen station designer and manufacturer headquartered in Grenoble, will build eight low-carbon hydrogen stations in Ile-de-France, with McPhy, a Drôme electrolyzer maker, supplying electrolyzers, all for the same taxi firm.
The two firms inked heads of agreement (HOA) to research the building of iron ore mines, hydrogen infrastructure, and a low-carbon HBI manufacturing facility that uses hydrogen as a reducing agent to minimize carbon dioxide emissions.
The two unveiled plans for H2ercules, a jointly designed national infrastructure concept that will be able to meet two-thirds of German industrial centers’ hydrogen demand by 2030.
