Actualités de la société, partenariat & communiqués | Atawey

Atawey announces the signing of a contract for three hydrogen refueling stations in Belgium

Lucie Lagarde — Thu, 02 Apr 2026 07:13:30 +0000

Atawey announces the sale of three new hydrogen refueling stations in Europe to Colruyt Group and Virya Energy, for a multi-million-euro amount, following a competitive tender process. This contract marks a key milestone in the international expansion strategy of the French leader in hydrogen refueling stations.

Following the deployment of a first station in Italy, Atawey will now install three new stations in Belgium, dedicated to heavy-duty mobility. This project is fully aligned with Europe’s ongoing efforts to decarbonize transport and reflects the commitment of key industry stakeholders. It also demonstrates Atawey’s ability to operate in international markets with high regulatory and operational requirements.

Hydrogen Refueling stations in Belgium supporting the decarbonization of heavy-duty and high-usage mobility

These new orders confirm the relevance of Atawey’s technological offering and its ability to meet the growing expectations of hydrogen mobility operators, as well as AFIR requirements.

With a total distribution capacity exceeding 7 tonnes per day, these three new stations—dedicated to heavy-duty mobility—will be deployed in Belgium by the end of 2027. They are based on a modular and standardized architecture, ideally suited to the project’s requirements.

Atawey will also provide a full range of high value-added services to ensure optimal equipment availability.

A new step toward industrialization through series orders

These sales also represent a significant step forward in the industrialization of Atawey’s solutions, with the transition to series production orders—reflecting growing industrial maturity.

The company relies on optimized production processes, a structured supply chain, and proven industrial standards, enabling it to secure volumes, costs, and delivery timelines, while maintaining a high level of quality.

« This project is excellent news for heavy-duty and high-usage hydrogen mobility in Europe: it confirms the relevance of hydrogen in accelerating transport decarbonization. It also represents the concrete implementation of our international expansion strategy initiated several months ago. I would like to thank Colruyt Group and Virya Energy for their trust, as well as all the teams involved in delivering these projects. »

Jean-Michel Amaré

President and Co-Founder of Atawey

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€22 million to scale up across Europe

Lucie Lagarde — Fri, 27 Jun 2025 06:04:48 +0000

Atawey, the French leader in hydrogen refueling stations, announces a strategic €22 million equity fundraising round to accelerate its industrial scale-up and strengthen its position as a trusted partner for hydrogen mobility projects across Europe.

With 51 stations deployed, two production sites, 150 employees, and a strong growth in 2024, Atawey now has all the key levers in place to meet rising demand, support ongoing projects in France and Europe, and drive the emergence of a sovereign, high-performance and competitive hydrogen mobility sector.

Strong growth in a challenging market

In 2024, Atawey recorded +113% revenue growth, reaching €18 million, supported by clear strategic choices: customizable solutions, an extended service offer, and a strong client-centric approach.

Despite slower-than-expected growth in the hydrogen sector, this performance demonstrates Atawey’s operational resilience and financial robustness.

Looking ahead, the company benefits from strong commercial momentum, with €30 million in confirmed order potential—reflecting renewed trust from long-standing clients as well as growing interest from new ones in France and abroad, such as Brétéché – Groupe Avia Picoty, GCK Energy, HYmpulsion, Hynamics, and major industrial players.

Atawey now aims to:

Achieve positive EBITDA by the end of 2025;
Strengthen its European footprint following initial deployments in Italy, Spain, and the Benelux;

Rapidly roll out reliable, competitive, and high-performance hydrogen solutions.

"This fundraising is an importantmilestone in Atawey’s growth. It enables us to accelerate without compromising our DNA: customer intimacy, technological excellence, and deep commitment. We want to be the go-to partner for regions and industries committed to hydrogen mobility and decarbonizing their operations. "

Jean-Michel Amaré

Président et cofondateur

A strategic investment round to deliver more stations, faster, across Europe

This funding round was led by long-time investor Starquest, alongside the French State through the France 2030 program, ARMOR GROUP, an industrial consortium, and the Auvergne-Rhône-Alpes Regional Industry Future Fund.

They comment:

"Atawey has experienced a strong and accelerating growth since its inception, despite the turbulence in the hydrogen distribution market caused by political uncertainty and the learning curve of a young industry. The company has wisely looked beyond national borders to tap into future growth. Compared to competitors, Atawey has demonstrated an ability to minimize CAPEX through a product line strategy aligned with real-world demand and market pace. By the end of 2025, Atawey could become the first European hydrogen player to reach operational profitability. With this funding, the company is well-positioned to address Europe’s growing need for heavy-duty hydrogen mobility and lead the coming market consolidation."

Emmanuel Gaudé

Co-fondateur chez Starquest

"Through this new investment as part of our ARMOR GROUP Open Industry program, our Group is branching out to support decarbonized mobility, complementing our ARMOR BATTERY FILMS activity. It reflects our ambition to foster industries with both environmental and economic impact. Beyond capital and our board observer seat, we are contributing Atawey the industrial know-how of our century-old group to help realize its 2025 ambitions and beyond."

Hubert de Boisredon

Président-Directeur général d’ARMOR GROUP

"Atawey fits perfectly with the investment strategy of the Auvergne-Rhône-Alpes Regional Industry Future Fund, advised by UI Investissement. Our participation in this capital increase is aligned with a shared goal: structuring the hydrogen industry, contributing to the decarbonization of heavy mobility, and advancing regional, national, and European energy sovereignty."

Sébastien Touvron

Directeur Associé chez UI Investissement, conseil du Fonds Régional Avenir Industrie Auvergne-Rhône-Alpes

Concrete ambitions for 2025 and beyond

This capital raise will enable Atawey to accelerate along three key strategic priorities:

Expand its commercial footprint across Europe to meet the rising demand for heavy-duty mobility (goods and passenger transport, special vehicles, off-road applications, and industry) with competitive, regulation-compliant solutions;
Enrich its integrated services—broadening operations, maintenance, training, and ecosystem development to support clients throughout the full station lifecycle;
Optimize its industrial chain, through structured operational excellence and increased production capacity at its Chambéry and Grenoble sites located in the French Alps.

Atawey is thus reaffirming its position as a full-service player at the heart of large-scale, reliable, and competitive hydrogen mobility. The company aims to play a leading role in shaping the European ecosystem for decarbonized transport.

Customizable solutions to support Europe-wide hydrogen mobility

Hydrogen is a critical lever for achieving carbon neutrality and securing Europe’s industrial independence.

Atawey is fully aligned with this vision by providing reliable, efficient and ready-to-use solutions. To support this transformation, the company relies on:

Sovereign technologies, designed and manufactured in France, tailored to the needs of regions and industries;
The Atawey Academy, a training hub for both internal and external stakeholders to build the skills required for the sector’s rapid growth;
Mastery of core fundamentals: top-tier safety, cutting-edge technology informed by ongoing regulatory and technical monitoring, and operational excellence.

Trusted partners

This operation was supported by:

Joffe & Associés (legal counsel),
Société Générale (M&A advisory),
Alpha Capital Partners (M&A advisory).

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Hydrogen Refueling Stations: Spotlight on Our Latest Technological and Operational Advancements

Lucie Lagarde — Mon, 31 Mar 2025 14:59:46 +0000

Hydrogen mobility has transitioned from a future concept to a present-day solution, effectively addressing the challenges of decarbonizing transportation. Across Europe and particularly in France, initiatives are accelerating to electrify both public and private fleets—encompassing electric and hydrogen vehicles—to reduce reliance on fossil fuels.

In this dynamic landscape, Atawey positions itself as a technological leader with a clear vision: to make hydrogen accessible, reliable, and efficient throughout Europe for diverse applications. Our teams are advancing rapidly, developing cutting-edge technologies and hydrogen refueling solutions ready for large-scale deployment.

This article delves into our latest developments shaping the hydrogen infrastructure of tomorrow.

Technological Advancements in Our Next-Generation Stations

To support the rapid growth of hydrogen mobility, our H2 stations are continually evolving, integrating state-of-the-art features designed to secure operations, facilitate remote management for station operators, and enhance the user experience for drivers.

Precision for Trust: Hydrogen Measured to the Gram

Since the third quarter of 2024, our stations have achieved legal metrology certification. This ensures that the quantity of hydrogen dispensed is measured with gram-level precision, comparable to traditional fuels, providing users with a transparent refueling experience.

This certification is part of a comprehensive technological ecosystem developed by Atawey to ensure optimal end-to-end operation:

ata’Config: A flexible configuration tool that tailors stations based on vehicle type (light vehicles, buses, heavy-duty trucks) and operational context (urban, logistics, mountainous areas), catering to project developers’ specific needs.
ata’Start: A rapid initialization software enabling simplified, quick, and secure commissioning of Atawey’s mobile stations. It centralizes startup operations, automatically configures essential parameters, and reduces on-site deployment time.
ata’Check: An intelligent diagnostic system that continuously monitors the station’s health and its critical components (sensors, compressors, safety systems). It facilitates proactive preventive maintenance, significantly reducing the risk of service interruptions.
ata’Metrics: An integrated metrology chain ensuring precise measurement of dispensed hydrogen, compliant with legal metrology standards. It guarantees transparent, reliable, and fair billing for users while simplifying reporting for operators.

Legal Metrology: Benefits for Operators

Accurate measurement of dispensed hydrogen
Transparent and fair payment
Enhanced regulatory compliance

This strategic milestone reinforces hydrogen as a viable alternative energy for large-scale mobility. And this is just a glimpse of our recent technological advancements…

Next-Generation Refueling Solutions Designed for Longevity

Our stations are engineered to provide secure, rapid, seamless, and versatile refueling. They are built upon three pillars: capacity, scalability, and continuous improvement.

Key innovations include:

Dual-Dispenser Unit: Enables simultaneous refueling of two vehicles or two tanks within a single vehicle, effectively doubling the station’s productivity.
Modular Design: Accelerates manufacturing and deployment, simplifies maintenance, and allows for on-demand capacity scaling.
Intelligent Energy Management Systems: Optimize energy consumption during refueling phases for enhanced overall efficiency.

Regarding maintenance, the modular architecture allows for swift interventions, with accessible and interchangeable components, resulting in maximum daily station availability.

Atawey’s hydrogen filling stations are now equipped with dual filling stations, enabling two vehicles or two tanks from a single vehicle to be filled simultaneously.

Station Retrofitting: Accelerating Transition by Optimizing Existing Infrastructure

Given the rapid growth of hydrogen applications, it’s essential not only to build new infrastructure but also to upgrade existing ones. At Atawey, we offer customized retrofitting solutions to adapt stations to the evolving demands of intensive mobility, maximizing the utility of already-installed resources.

Why Retrofit?

Faster deployment compared to reconstruction
Reduced overall costs
Improved carbon footprint
Adaptability to new intensive mobility requirements (heavy-duty vehicles, increased capacities)

The HYmpulsion Station in Moûtiers Retrofitted in Early 2025

Initially designed for light vehicles, the station was retrofitted to accommodate hydrogen buses and trucks. The operation involved:

Replacing light-duty vehicle-specific equipment
Adjusting control systems and refueling protocols for heavy-duty vehicles
Increasing storage capacity and distribution pressure

This is a concrete example of successful optimization achieved with reduced costs and timelines.

Concrete Operational Advances for Heavy-Duty Mobility

Heavy-duty transportation is also transitioning to hydrogen. In 2024, nearly 49% of buses sold in Europe were zero-emission, with a growing share powered by hydrogen. Over 330 hydrogen buses were operating across Europe, including more than 70 in France. Atawey’s stations, with their versatility and scalability, effectively support this shift.

Stations Compliant with AFIR Regulations

In a rapidly evolving European regulatory environment, Atawey has designed its stations to meet the requirements of the Alternative Fuels Infrastructure Regulation (AFIR), the reference framework for deploying alternative energy refueling and charging infrastructures in Europe.

AFIR mandates include:

Minimum performance levels for public hydrogen refueling stations (flow rate, availability, safety)
Interoperability of equipment and communication protocols
Obligations to provide real-time information (availability, pricing, station status)
Transparent billing and non-discriminatory access

Thanks to their modular design, metrology certification, native connectivity, and advanced supervision interfaces, Atawey’s hydrogen refueling solutions are already compliant with these requirements, facilitating user access.

CCPEVA Experimentation: Atawey's Mobile Station Put to the Test

In the Pays d’Évian region, the local authority (CCPEVA) conducted a real-world pilot program with a hydrogen bus and coach, both refueled for 15 consecutive days using an Atawey mobile station. The objective was to test decarbonized public transport solutions under real operating conditions:

Same routes and frequencies as diesel vehicles
On-site refueling with no disruption to service
Streamlined logistics and proven efficiency

The CCPEVA project clearly demonstrated Atawey’s technological agility and ability to support the hydrogen transition—even in regions without fixed infrastructure.

Operational Milestones Reached Across All Our Projects

At Atawey, every station undergoes a strict validation process before being commissioned in the field. Two key stages mark this journey: FAT and SAT.

FAT (Factory Acceptance Test):
Conducted in our workshops, this stage simulates real-world conditions to test all components and systems. It ensures full compliance with technical specifications, safety standards, and operational quality—guaranteeing performance prior to shipment.
SAT (Site Acceptance Test):
Carried out on-site, this final stage validates the station’s full integration into its operating environment, including all utility connections, real-world vehicle fills, and environmental conditions. It’s the final go-ahead before launch.

These tests are essential to ensure each station—whether a compact solution for a local authority or a high-capacity hub for heavy fleets—is safe, reliable, and ready from day one.

Our First High-Capacity Stations Nearing SAT Readiness

Our large-capacity stations are moving closer to deployment, with key industrial milestones already achieved:

4 FATs validated between late 2024 and early 2025 for 1.3-ton/day stations
2 FATs validated in early 2025 for 2-ton/day stations

Initial HDV (heavy-duty vehicle) refuelings have already confirmed:

Optimized flow rate
Smooth refueling experience
Ease of use for drivers

Several of these stations are now preparing for their SAT validations, marking a major step in scaling up the hydrogen refueling infrastructure.

Momentum in Medium-Capacity Hydrogen Refueling Solutions Too

Innovation doesn’t stop at large-scale deployments:

FAT completed for the TECHFEM station, now being installed in Italy
SAT validated for our Compact L+ station, designed for bus refueling—an ideal format for municipalities or companies with limited space and a small HDV fleet

These projects prove that our stations can adapt to a wide range of needs, from local rollout to intercity operations.

In summary, key milestones have been reached by Atawey in recent months

Official metrology certification
Launch of stations with dual-dispenser architecture
First successful HDV refuelings
Deployment of mobile stations for temporary needs
FAT and SAT validations for multiple high-capacity stations

Our technology evolves constantly to stay aligned with real-world conditions. Each innovation is designed to accelerate the energy transition—right now, not someday.

Behind every technological and operational achievement at Atawey stands a dedicated team. Our success is driven by passionate individuals: engineers, project managers, field technicians, and support staff—all working together to advance hydrogen mobility.

Thanks to this collective expertise, we are able to:

Consistently deliver high levels of safety, quality, and reliability
Continuously adapt our technologies to a wide variety of operational constraints
Respond swiftly to on-the-ground requirements

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Strong growth in 2024 and a reaffirmed ambition for 2025

Lucie Lagarde — Tue, 11 Mar 2025 13:42:46 +0000

With a turnover of €18 million—reflecting an impressive 120% growth compared to the previous year—Atawey, a key player in Europe’s hydrogen mobility sector, reached a major milestone in its development in 2024.

This surge in an expanding market validates the company’s industrialization strategy and European expansion plan. The past year also underscored hydrogen’s growing relevance for intensive mobility:

In Paris, the 2024 Olympic Games led to a doubling of the hydrogen taxi fleet, now totaling 1,000 vehicles (5% of all Parisian taxis).

Across France, 58 hydrogen buses, 7 garbage trucks, 5 heavy-duty trucks, and—marking a first—13 hydrogen coaches hit the road.

In Europe, the hydrogen bus market has now reached industrial scale, with manufacturers moving to mass production, while the hydrogen truck segment is steadily gaining traction.

Further boosting confidence in hydrogen’s industrialization, the European Commission’s decision in February to integrate low-carbon hydrogen into the “Pact for a Clean Industry” sent a strong signal in favor of accelerated market deployment.

Scaling up industrialization: The core of Atawey’s strategy

Amidst a transformative phase for the hydrogen sector, driven by the materialization of numerous mobility projects across France, Atawey significantly strengthened its industrial capacity in 2024. The acquisition of McPhy’s hydrogen refueling station business, alongside key technological advancements—including the standardization of station modules and the introduction of legal metrology certification for hydrogen transactions—position the company at the forefront of the industry’s evolution.

The production of several high-capacity stations (up to 2 tons/day) in 2024—incorporating cutting-edge innovations such as simultaneous refueling of multiple vehicles, optimized energy consumption, modular design for shorter production times and cost efficiency, and tailored filling protocols for LDVs and HDVs—marked a major industrial leap forward. Additionally, the company began retrofitting existing stations to support heavy-duty vehicle refueling.

Atawey’s offering is fully compliant with the AFIR regulation and aligned with the needs of intensive mobility. With numerous stations already set for deployment in 2025—including four in the Zero Emission Valley project (Auvergne-Rhône-Alpes), two in Vallée Sud Grand Paris, one in Occitanie, and one in Italy—the company is reinforcing its market position in both France and Europe.

Looking ahead to 2025, Atawey will continue its industrial expansion with a reliable and competitive production line, optimized quality control systems, and a dedicated test platform, ensuring the market receives highly dependable products within reduced lead times.

« Our goal of achieving profitability in 2025 is built on structured industrialization and continuous technological optimization. By streamlining our production processes and scaling up both station and service activities, we aim to strike a financial balance while maintaining high levels of performance and reliability. Profitability is key to securing our independence and cementing our position among the top three players in the European market. » Jean-Michel Amaré, President and Co-founder of Atawey

2025: Atawey strengthens its European ambitions

In 2025, Atawey—a French leading Green Tech pioneers—will continue enhancing its hydrogen refueling solutions, integrating the most stringent safety standards, and improving infrastructure performance. The company is committed to addressing the growing needs of hydrogen users by leveraging its technology and expertise to provide long-term support to its partners in the clean energy transition and sustainable mobility.

To ensure full compliance with the highest regulatory standards and maintain maximum safety for its infrastructures, Atawey is deploying advanced technologies, strengthening control protocols, and enhancing component reliability. The company also continues its close collaboration with regulatory authorities to shape the future of hydrogen mobility.

Sustained growth fueled by a strong order book

Atawey’s growth is underpinned by a robust backlog of confirmed orders and a strong pipeline of projects currently under negotiation or in the final selection stages. The majority of these projects involve large-capacity stations (above 1 ton/day), spanning both France and broader European markets.

International expansion

In 2024, European hydrogen mobility took significant steps forward, with new vehicle deployments and proactive government policies across multiple countries. This momentum reinforces Atawey’s European expansion strategy.

Following the opening of offices in Spain (2023) and Eindhoven (2024)—covering the Benelux and German markets—the company is accelerating its European footprint. The ongoing installation of its first international station in Italy signals Atawey’s ambition to establish itself as a leading European player in the hydrogen mobility sector.

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Driving Widespread Access to Hydrogen Mobility: Atawey Achieves Legal Metrology Certification

Lucie Lagarde — Wed, 18 Dec 2024 14:32:00 +0000

As Atawey ramps up its industrial acceleration phase — with the production of four hydrogen refueling stations, each with a capacity of over one ton of hydrogen per day — the company has reached a significant milestone: the certification of its legal metrology system. This industrial innovation allows for precise measurement of the amount of hydrogen dispensed with each refill, ensuring accurate billing for users. This advancement, which complies with European Alternative Fuels Infrastructure Regulations (AFIR) and national standards, paves the way for the democratization of hydrogen refueling stations, making them accessible to all hydrogen vehicle drivers.

Legal Metrology Certification: A Guarantee of Reliability and Transparency for Users

After several months of collaboration with the National Laboratory of Metrology and Testing (LNE), Atawey has officially obtained certification for its ata’METRICS legal metrology system. This high-precision device, capable of measuring the amount of hydrogen dispensed with a resolution of 10 g and an accuracy of 2%, meets French regulatory requirements based on the international OIML R139 recommendation. This technological breakthrough was made possible through collaboration with Cesame Exadébit, a gas flow metrology laboratory equipped with COFRAC-accredited test benches.
The result: Atawey’s hydrogen refueling stations will enable transparent and precise billing for every fill-up, offering a level of accuracy comparable to that of conventional fuel stations.
« Collaborating with expert partners such as LNE and Cesame Exadébit was crucial in achieving this level of excellence and advancing our technological edge. For the sector, this certification demonstrates that hydrogen mobility is a tangible reality. For users, this certification means one simple thing: paying exactly for what they consume, with the same confidence as with a traditional fuel refill, says Guillaume Havard, » Product Manager for R&D at Atawey.

Hydrogen Sector Ramp Up: Atawey is Ready!

With an estimated 89,000 hydrogen-powered vehicles registered worldwide in 20241, Atawey positions itself as a key player and driving force in technological transition. With reliable, high-performance stations that meet international standards and regulatory requirements such as AFIR — now bolstered by this legal metrology certification — the manufacturer is opening the door to the deployment of public hydrogen refueling stations. One notable example is the Arv’Hy project in

France. These stations, designed to meet the needs of intensive mobility (both captive fleets and transit users), will become essential infrastructure for open access to hydrogen mobility.

To support this increased production rate, Atawey launched an ambitious industrialization program earlier this year, aiming to standardize the modules integrated into its stations. This modular, configurable approach is based on the design and production of serially manufactured modules that are then integrated into all its stations.

« The standardization of our stations is a direct response to the sector’s main challenge: rapidly deploying secure, reliable, and high-performance infrastructure. This industrial vision enables us to make hydrogen mobility viable on a large scale, » comments Pierre-Jean Bonnefond, co-founder and CTO of Atawey.

Through this strategy, Atawey’s stations combine flexibility with efficiency. Each module can be configured according to the specific needs of clients while benefiting from the robustness and reliability of a proven system. Among these modules, the legal metrology system is a key component.

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Atawey announces the opening of an office in BeNeLux

Lucie Lagarde — Tue, 05 Nov 2024 15:04:00 +0000

As the European Hydrogen Week, takes place at Brussels Expo from November 18 to 22, 2024, Atawey—a leading player in hydrogen refueling stations across Europe—is proud to announce the opening of its second European office in Eindhoven, Netherlands. This new international office will enable the French company to cover key Northern European markets.
Following the establishment of its first European office in Madrid, Spain, in 2023 to expand into Southern Europe, and the scheduled installation of a hydrogen refueling station in Italy in June 2025 in collaboration with Techfem1, this latest move further solidifies the company’s ambitious European expansion plans.
With a dominant position in the French domestic market and a production capacity of 80 hydrogen refueling stations per year, Atawey is accelerating its growth by targeting key European markets where hydrogen mobility is gaining momentum.
These two commercial offices will work closely with local partners who are experts in the hydrogen sector. For example, Atawey’s partnership with Technogas2, established in 2023, ensures a high level of service while adapting to local technical standards and regulations.
« The opening of our second office in the Benelux region represents much more than a new location: it’s a strategic milestone to enhance our proximity to clients and partners. By building local partnerships, we offer tailored solutions supported by expert, responsive local teams to ensure maximum customer service quality and equipment availability. This development accelerates our international growth and reinforces our commitment to supporting our clients with enhanced expertise and agility, right at the heart of their markets,» said Geoffroy Ville, Atawey’s International Business Development Manager.

Regulatory and technological constraints: Atawey ensures its refueling stations are adaptable to international markets

To guarantee that its refueling stations meet the specific regulatory and technological requirements of each market, Atawey actively participates in various working groups organized by French and international hydrogen organizations. The company conducts in-depth analyses of local regulations and, if necessary, adapts its stations to specific technical standards with the support of its R&D team, one of the most advanced in the hydrogen sector.
Additionally, every station can undergo real-world testing before deployment at one of the test sites located within the company’s Grenoble manufacturing facility.

« International expansion is at the core of our corporate strategy. All departments now integrate the international dimension into their processes and strategic plans. By embedding this perspective into our corporate culture, we are laying the groundwork for rapid and sustainable growth. We are committed to continuing the export of our expertise and playing a key role in advancing hydrogen mobility across Europe, » explained Geoffroy de Roffignac, Atawey’s Marketing and Sales Director.

[1] The project to install a hydrogen refueling station in Italy, in collaboration with Techfem—a major player in the Italian energy sector—is part of a broader Italian initiative to produce renewable hydrogen to power buses as well as supply the gas grid.

[2] Technogas and Atawey announced a partnership in July 2023 to offer a turnkey solution, particularly in the Benelux region: a product (Atawey’s hydrogen refueling station) paired with a service (maintenance and technical operation provided by Technogas).

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Atawey Announces Acquisition of McPhy’s Hydrogen Refueling Station Business, and Becomes the European Leader in Hydrogen Stations

Lucie Lagarde — Wed, 17 Jul 2024 06:30:00 +0000

Atawey is pleased to announce the acquisition of McPhy’s hydrogen refueling station business for a fixed amount of 12 million euros. This purchase, following negotiations that began in December 2023, strengthens Atawey’s position on the European market. With a network of 70 stations, Atawey becomes the European leader in hydrogen refueling stations by the number of installations. This acquisition also provides Atawey with a manufacturing capacity over 80 stations per year.

One of the most expert R&D teams in the market

The company integrates McPhy’s expertise and technologies to enhance its know-how and create one of the most expert R&D teams in the market.

As of July 17, more than 40 McPhy employees are joining Atawey, increasing the total number of employees to 145. The goal is to share return of experience, combine skills, and consolidate expertise – each team, particularly R&D, with a 10-year experience in hydrogen refueling station manufacturing and holding a dozen patents and other intellectual property rights.

This enhancement of know-how will serve as a strong growth leverage for the company.

Increased Production Capacity

Atawey acquires a fully operational industrial facility that includes an additional production area of over 2400m² and four testing zones. This will enable Atawey to fulfill more quickly its order backlog (nearly 25 million euros), meet its ambitious growth projections for the coming years, and achieve profitability in the next fiscal year.

This acquisition will allow the sector leader to reach a production capacity of more than 80 hydrogen refueling stations per year.

« This acquisition represents a major opportunity for our growth. On the industrial side, we will benefit from the expertise of experienced production teams, a significant increase in our production capacity, and the acquisition of equipment already used for the manufacturing and testing of hydrogen stations. On the technical and technological side, continuous improvement will be our guiding principle. Through the exchange of knowledge, adoption of best practices from both companies, and over 25 years of combined experience, we will be able to position ourselves among the industry leaders in France and Europe, » said Pierre-Jean Bonnefond, CTO and co-founder of Atawey.

Ongoing International Development

Thanks to this acquisition, Atawey enriches its range of hydrogen refueling stations and associated services to meet all market demands, particularly international ones.

Atawey will benefit from the international experience of McPhy’s teams in promising European markets. This operation comes at an opportune time for the Savoyard company, which has made international expansion one of its strategic growth areas. In mid-June, it announced the signing of its first contract in Italy in collaboration with Techfem. The opening of its third international subsidiary (Italy) is planned by the end of 2024.

« We are delighted with the acquisition of McPhy’s station business. This significant step for the company marks the beginning of mutual enrichment and scaling up to the European level. We aim to capitalize on know-how and expertise to continually improve our decarbonized mobility solutions and thus address global challenges, both economically and technologically as well as environmentally.» said Jean-Michel Amaré, President and co-founder of Atawey.

To satisfy customers and meet their needs, Atawey and McPhy will collaborate on the execution of all ongoing projects and the continuity of services associated with the 40 stations installed before the takeover. McPhy will remain committed to Atawey to ensure the perfect completion of these projects and guarantee their long-term performance.

Legal advisors : Christoffe Joffe &Thomas Saltiel teams (Joffe Avocats)

Financial advisors : Nicolas Sanson & Guillaume Dovillers teams (Société générale)

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Atawey expands Internationally with its First Contract in Italy!

Lucie Lagarde — Fri, 21 Jun 2024 05:42:00 +0000

Atawey is pleased to announce the installation of its first hydrogen refueling station in Italy, set for mid-2025, in collaboration with Techfem, a major player in the Italian energy sector. This project is part of a broad Italian initiative to produce renewable hydrogen to power buses and to blend in the gas network. This is a significant milestone for the Savoyard company, which aims to be among the top three European hydrogen station manufacturers by 2025. In line with this ambition, the company plans to open its Italian subsidiary by the end of 2024.

An Evolutive Hydrogen Refueling Station at the Heart of a Major Project

It’s official: Atawey’s first station outside French borders will be in Italy! The Savoyard company received an order from Techfem to commission a hydrogen refueling station in Italy by mid-2025. As part of a comprehensive Italian hydrogen project, Techfem, an operator with over 40 years of experience in the Italian energy sector and acting as an EPC (engineering procurement & construction), has enlisted Atawey. The project aims to produce renewable hydrogen on-site using an electrolyzer powered by photovoltaic panels. This hydrogen will fuel buses through a scalable Atawey station and will also be injected into the local gas network.

Atawey is proud to contribute to this significant demonstration project in Italy, bringing its expertise in “compression, storage and distribution of hydrogen for mobility”.

“We are extremely proud to sign our first European contract with Techfem in Italy. This project marks a major milestone in our international deployment strategy and confirms our position as a key player in hydrogen mobility in Europe. We are committed to developing european partnerships, aiming both at creating local value and combining skills to accelerate decarbonized mobility.” said Geoffroy de Roffignac, Atawey’s Commercial & Marketing Director.

A Project Aligned with Atawey’s Ambitious Goals

This order for an evolutive station materializes Atawey’s ambition to be a leading European player in hydrogen mobility. This strategic project adds to the company’s order book, which stands at nearly 25 million euros. Atawey, which views international expansion as a strategic priority, sought to develop rapidly in Italy. This collaboration is seen as a crucial opportunity to strengthen its presence in the high-potential hydrogen mobility market and plans to open its Italian subsidiary by the end of 2024.

Hydrogen is at the heart of Italy’s energy strategy, highlighted by the publication of its PNRR (National Recovery and Resilience Plan) at the end of 2020; a key instrument to support hydrogen investment, particularly in the deployment of “Hydrogen Valleys,” ecosystems combining hydrogen production and consumption.

Italy, which projects 70 AFIR stations (49 in urban nodes and 21 along the TEN-T), also reports several public and private investments. For example, in February 2024, NatPower announced a 100 million euro investment in the construction of at least 100 hydrogen refueling stations over the next six years, with the first installation planned for this summer.

Additionally, in May 2024, Italy, Germany, and Austria signed a cooperation agreement to develop a hydrogen transport network from the southern Mediterranean to northern Europe.

These examples illustrate Italy’s ambitious energy strategy, involving significant investments and international agreements to build extensive hydrogen infrastructure.

Atawey plans to go further. The company already has advanced discussions about other European projects.

“This first installation in Italy is a significant step in our company’s international expansion. This project represents not only a substantial growth opportunity for Atawey but also a tangible commitment to the energy transition in Europe. Our decision to open a subsidiary in Italy is based on our approach to creating local value and contributing to the country’s economy. Italy, with its ambitious hydrogen plan, is an ideal country to demonstrate the efficiency and reliability of our proven solutions. We are determined to continue exporting our expertise and playing a key role in the development of hydrogen mobility across the continent.” declared Jean-Michel Amaré, President and co-founder of Atawey.

“The collaboration with a highly specialized technology provider like Atawey on a groundbreaking project in Italy confirms the pivotal role of Techfem in the green hydrogen sector and its ability to take on the relevant challenges in the mobility sector, by leveraging on its engineering and execution capabilities globally.” declared Federico Ferrini, Managing Director of Techfem.

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Atawey is deploying an ambitious CSR strategy!

Lucie Lagarde — Tue, 04 Jun 2024 07:54:18 +0000

Atawey, the reference player for hydrogen refueling stations in Europe, is delighted to announce that it has obtained an ESG rating of 52/100, positioning it as one of the most advanced companies in its field of activity and confirming the eligibility and alignment of its activity with European taxonomy.

This news comes at the same time as the completion of a report on the company’s carbon footprint – one year of activity at Atawey corresponds to an equivalent emission of 1.3 ktCO2/year, in other words the annual emission of 130 people in France – which also highlights the areas of development still to be achieved, particularly through implementing internal levers and mobilizing some of our suppliers.

An ESG rating that reinforces the eligibility and alignment of the whole company with European taxonomy

Atawey’s ESG rating, calculated by Gaïa Research (a subsidiary of the EthiFinance group and the benchmark rating agency for extra-financial company ratings), is based on a reference framework of some 140 criteria divided into 4 key areas: Governance, Social, Environmental and External Stakeholders and it demonstrates the company’s solid performance in terms of Corporate Social Responsibility.

This first rating reflects the company’s wish to have its extra-financial performance assessed by an independent third party, with no legal obligation to do so. By anticipating standards that will be mandatory by 2025, Atawey is demonstrating its commitment to sustainability.

With an ESG rating of 52/100, above the average for the sector benchmark (22/100), Atawey ranks well in all the key areas:

Environmental: 40/100 (compared to 12/100 average for the sector benchmark)
Social: 65/100 (compared to 27/100 average for the sector benchmark)
Governance: 41/100 (compared to 27/100 average for the sector benchmark)
External stakeholders: 81/100 (compared to 20/100 average for the sector benchmark)

This initial assessment also confirms the eligibility and alignment of 100% of its activity with European taxonomy, thereby rating it among the companies that are helping to achieve the objectives of the Paris Agreement.

Moreover, the company is in compliance with articles 8 and 9 of the Sustainable Finance Disclosure Regulation (SFDR), the strictest and most demanding regulation governing sustainable investment funds in the European Union.

“CSR issues are at the heart of Atawey’s development strategy and we are continuing to strive to ensure lasting growth whilst meeting the challenges of creating local and sustainable value. This rating represents a real recognition of our efforts to work towards the decarbonization of society, whilst paying attention to the impact of the methods implemented and the consideration we give all of our stakeholders in order to achieve our goal” commented Jean-Michel Amaré, Atawey’s President.

A measurement of the global impact of the company’s activity and the involvement of all its employees and suppliers in rolling out an ambitious CSR strategy

Parallel to this, Atawey announced that it has been awarded a silver medal by Climate Tech Greenly, the leader in digital carbon footprinting and an expert in assessing companies’ climate performance. This recognition reflects Atawey’s commitment to sustainable practices and its considerable efforts to take up the challenge of reducing its carbon footprint.

Atawey is now in the top 25 % of companies assessed in terms of commitment to transparency as regards emissions and efforts to reduce them.

Atawey’s carbon footprint was calculated according to the Bilan Carbone® standards of ADEME (the French Agency for Ecological Transition). It should be noted that, while most companies who have their carbon footprint assessed do so based on scopes 1 and 2*, Atawey opted to include scope 3 also, assessing its indirect emissions occurring upstream or downstream of the company’s value chain.

“Our desire to act in favor of the ecological transition goes right back to Atawey’s creation and constitutes the very essence of our mission: to accelerate decarbonized mobility” said Pierre-Jean Bonnefond, co-founder and managing director of Atawey.

Atawey’s activity over a year corresponds to the equivalent** emission of 1.3 ktCO2/year, i.e. the annual emission of 130 people in France. The production of a single hydrogen refilling station*** results in a significant reduction of 2.26 ktCO2/year equivalent, compared with that of a conventional thermal refueling station.

The report also highlights the efforts that the company still needs to make to reduce its carbon footprint, particularly through implementing internal levers and mobilizing some of its suppliers. To date, 19.7 % of the company’s emissions come from the employees’ internal life (travel, supplies, meals, etc.) while 80.3% are due to the manufacture of the refueling stations (purchase of products, fixed assets, freight).

Joining a small group of companies dedicated to promoting global sustainability objectives, Atawey is determined to continue to innovate and to drive a positive change in its own sector and beyond. So while 95% of the company’s suppliers are currently French, a mobilization of the whole ecosystem is required to identify levers for reduction with each supplier. The company is already taking steps in this direction.

To complete this carbon report, Atawey actively involved all its partners, from gathering information to reporting the results and implementing solutions. In this way, the staff were made aware of the importance of reducing their greenhouse gas emissions and how that could be achieved. A Climate Fresco was also organized as part of an in-house team-building day and employees were able to work as a team on a plan to reduce the company’s emissions. This active involvement of staff strengthens the teams’ mobilization around the major issue of a more sustainable economy in which environmental responsibility plays a growing role.

*Scope 1: direct greenhouse gas emissions generated by the company and its activities.

Scope 2: indirect energy consumption-related emissions that are not produced directly on the company’s site

** Study carried out at the end of 2023, based on 2022’s activity

*** Study carried out on the 3^rd generation of Atawey’s “evolutive” stations

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2023 revenues : Atawey exceeded targets

Lucie Lagarde — Thu, 25 Apr 2024 06:05:31 +0000

In an intensively developing hydrogen mobility market, Atawey once again reported major business growth in 2023. This dynamic materialized in a 2.6-fold increase in revenue compared to 2022, reaching 8.5 million euros, and an expansion of its portfolio of partners and customers. Atawey pursued sustained growth by winning orders for high-capacity hydrogen refueling stations (in excess of 1T/day) and transforming its business model from an equipment manufacturer to a supplier of solutions for hydrogen mobility. All this while remaining true to its principles of commitment, collaboration with stakeholders, and sustainable performance.

The achievements of 2023 have laid the foundations for an upward trajectory for the Savoy-based company, which aims to become a leader in hydrogen mobility in Europe by 2024, with an installed base of over 75 hydrogen charging stations following the acquisition of McPhy.

This growth occurs against a backdrop of strong dynamism in the European hydrogen mobility market, driven by European and national decarbonization policies and the arrival of new vehicle models and hydrogen refueling stations offers.

2023: very strong sales and business growth

Revenue increased by 165% compared to 2022, reaching 8.5 million euros;
Order backlog exceeded 20 million euros, confirming growth targets;
Sales pipeline amounted to over 100 million euros in potential orders;
Strong growth in operating income;
Expansion of its hydrogen refueling station range, including the launch of new products: the station co-developed with HYVIA (branded as Hywell®) and the high-capacity Evolutives stations (up to 2T/day);
Structuring and expansion of the company’s workforce with the recruitment of 45 employees, bringing the total to 100;
Transformation of its business model to deploy a complete range of hydrogen mobility solutions:
- Investment in the deployment of a network of hydrogen refueling infrastructures, with an initial investment in the “Arv’hy” hydrogen production and distribution project, for which Atawey will supply, operate, and maintain the station;
- Partnership with Hyvia, which provides an as-a-service offer for LCVs and hydrogen refueling solutions;
- Launch of a station operation business with recurring revenues to complement the existing maintenance offering.

Outlook for 2024: Atawey among the leaders in hydrogen mobility

Following strong growth in 2023, the company is maintaining its momentum in 2024, aiming for revenue of €22 million, a further 2.6-fold increase on the previous year. To date, 75% of this target has already been achieved thanks to a significant number of new orders, testifying to the current dynamism of the hydrogen mobility market. Confirmation of this momentum is reflected in the entry into production of these new orders, which will enable the company to continue improving its profitability, and is also reflected in the company’s sales pipeline, which should enable it to achieve the same rate of growth in 2025 and 2026. Finally, the prospect of Atawey – currently in exclusive negotiations to acquire McPhy’s stations business – having installed 75 stations by the end of 2024, will position it as the company with the largest network of installed hydrogen refueling stations in Europe.

These successes confirm the company’s strategy of answering as closely as possible to the needs of infrastructure project developers, where mobility needs – both heavy and intensive – converge, and where the use of hydrogen is most relevant.

“The market for intensive hydrogen mobility is booming, and we have maintained our commercial and technological lead by consolidating our expertise and launching our first high-capacity hydrogen refueling stations. Thanks to our strategic decisions and the commitment of our teams, we are now in a position to offer our customers high-performance, customizable equipment coupled with a range of services precisely tailored to their needs, thus contributing to low-carbon mobility.

For the years 2024 and 2025, we remain resolutely focused on our strategy of integrating the best modular and efficient technologies into our stations. Our partners and customers are delighted with this approach, some of whom have renewed their confidence by placing new orders. Our plan to acquire McPhy’s hydrogen refueling station business, with its industrial facilities and fully operational teams, confirms our ambition to become a leader in hydrogen mobility in Europe,” says Jean-Michel Amaré, co-founder, and Chairman of Atawey.

Sustainable extra-financial performance

In parallel with the growth of its business, Atawey has continued to implement a number of initiatives to promote a sustainable, inclusive, and environmentally-friendly corporate policy.

The company is now “eligible” and “aligned” with articles 8 and 9 of the Sustainable Finance Disclosure Regulation (SFDR), the most demanding and stringent regulation governing sustainable investment funds in the European Union. This compliance of its entire activity, OPEX and CAPEX, represents a significant milestone.

By becoming eligible for sustainable funds, Atawey confirms its commitment to first-rate extra-financial performance, reinforcing its reputation with investors concerned about the environmental, social, and governance impact of the companies in which they invest.

“A commitment to ecological transition has been rooted in the very foundations of Atawey since its inception, shaping the essence of our mission: to accelerate decarbonized mobility. The challenges associated with Corporate Social Responsibility (CSR) are central to Atawey’s development strategy, and we are committed to fostering sustainable growth while meeting the imperatives of creating local and lasting value,” concludes Pierre-Jean Bonnefond, co-founder, and CEO of Atawey.

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