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PARTNERSHIP SIGNATURE WITH HRS ON JOINT DEVELOPMENT OF COMPRESSOR SYSTEMS FOR HIGH-CAPACITY HYDROGEN REFUELLING STATIONS

March 28, 2022

  Burckhardt Compression announces today the signature of a Memorandum of Understanding with HRS, a European designer and manufacturer of hydrogen refueling stations and pioneer in hydrogen mobility. HRS and Burckhardt Compression intend to enhance their collaboration by joining efforts in developing high-capacity hydrogen refueling stations, to address heavy-duty mobility market (buses, trucks, port), light-utility vehicles (taxi fleets) and future opportunities (boats, trains, planes…).

  Founded in 2004, Hydrogen-Refueling-Solutions (HRS), formerly TSM, is pioneer in hydrogen mobility. European designer and manufacturer of hydrogen refueling stations, for over ten years, the Company has been committed to reducing transport emissions. As the leader in its market, HRS believes that only the pooling of expertise will make it possible to meet the challenges of widespread adoption of hydrogen as a low-carbon alternative to fossil fuels.

  Thus, driven by the shared conviction that the development of hydrogen for the mobility market is a key pilar for decarbonizing the global energy system, Burckhardt Compression and HRS are pooling their know-how in Europe to collaborate by adapting existing compression technologies, to develop high-capacity hydrogen refueling stations.

  The target is to deliver safe, reliable, refueling solutions, for intensive market usages, with capacities above 1 ton a day. Within this framework, the partners will focus attention on the industrialization of the production process to achieve expected CAPEX reduction.

  This 3-year non-exclusive agreement also paves the way towards a common answer to new market opportunities, especially hydrogen mobility market future requirement for boats, trains, or planes.

  Hassen Rachedi, Founding Chairman & CEO of HRS: “This agreement with a key actor in the compression market is a great news for hydrogen mobility. The pooling of our knowledge and best practices will enable us to propose new solutions to boost the development of heavy-duty mobility and make hydrogen mobility more accessible to the public.”

  Fabrice Billard, designated CEO as of April 1st 2022 of Burckhardt Compression: “HRS is a pioneer and leader of the European fuel station market and we are delighted to support them with our compression technology and expertise. With this partnership, we aim to contribute to the energy transition with reliable and economical compression solutions to scale up the hydrogen infrastructure.”