Groupe Renault and Faurecia to collaborate on hydrogen storage systems
Faurecia and Groupe Renault today announced their decision to collaborate on hydrogen storage systems for hydrogen light commercial vehicles.
Starting at the end of 2021, Faurecia will supply hydrogen storage systems for a first fleet of light commercial vehicles. These systems will be developed and produced at its global center of expertise in Bavans, France. As volumes, increase production will be extended to a new plant dedicated to hydrogen storage systems that Faurecia is building in Allenjoie, France.
This partnership is an important illustration of our common vison for expanding the use of hydrogen as a cornerstone of the energy transition and as a perfect solution for zero-emissions mobility. Fuel cell electric vehicle technology is set to become significant in the powertrain mix by 2030, and as such Faurecia is dedicating important resources to accelerate its deployment.
Mathias Miedreich, Executive Vice President of Faurecia Clean Mobility
This collaboration on hydrogen storage systems is embedded in our strategy to offer market-ready H2 solutions for light commercial vehicles and target over 30% share of this fast-growing market in Europe. It supports the ambition shared with our partner Plug Power to build a unique end-to-end green hydrogen and fuel cell value chain and new value-generating activities in France.
Gilles le Borgne, Executive Vice-President Engineering Groupe Renault
Groupe Renault is at the forefront of a mobility that is reinventing itself.
Strengthened by its alliance with Nissan and Mitsubishi Motors, and its unique expertise in electrification, Groupe Renault comprises 5 complementary brands - Renault, Dacia, LADA, Alpine and Mobilize - offering sustainable and innovative mobility solutions to its customers. Established in more than 130 countries, it currently employs more than 180,000 people and has sold 2,95 million vehicles in 2020.
Ready to pursue challenges both on the road and in competition, Groupe Renault is committed to an ambitious transformation that will generate value. This is centered on the development of new technologies and services, and a new range of even more competitive, balanced and electrified vehicles. In line with environmental challenges, the Group’s ambition is to achieve carbon neutrality in Europe by 2050.
Founded in 1997, Faurecia has grown to become a major player in the global automotive industry. With 248 industrial sites, 37 R&D centers and 115,500 employees in 37 countries, Faurecia is a global leader in its four areas of business: Seating, Interiors, Clarion Electronics and Clean Mobility. Faurecia has focused its technology strategy on providing solutions for the “Cockpit of the Future” and “Sustainable Mobility”. In 2019, the Group posted sales of €17.8 billion. Faurecia is listed on the Euronext Paris stock exchange. For more information, please visit www.faurecia.com