Hydrogen Refueling Solutions

What Hydrogen Refueling Solutions does

Hydrogen Refueling Solutions (HRS) is a French designer and manufacturer of turnkey hydrogen refueling stations for fuel cell electric vehicles. Founded in 2004 and headquartered in Champagnier, near Grenoble, France, the company pivoted from industrial piping to hydrogen infrastructure in 2009 and has been publicly listed on Euronext Growth Paris (ticker: ALHRS) since 2021, with a Dubai subsidiary opened in November 2025. HRS targets mobility operators, logistics fleets, energy companies, and public-sector buyers across Europe and, more recently, the Middle East.

HRS offers four core station models — HRS14, HRS28, HRS40, and HRS80 — delivering 14 to 160 kg of compressed hydrogen per hour at 350 or 700 bar, plus an industrial Station Filling Center for centralized hydrogen distribution. Stations integrate compression, storage, cooling, and dispensing modules designed and manufactured in-house at a 10,000 m² production facility rated for approximately 200 stations per year. The proprietary Twin Mid Flow (TMF) technology, co-developed with Toyota Motor Europe and ENGIE and piloted via the EU-funded RHeaDHy project from Q4 2025, enables 40-tonne trucks to refuel for 600 km in roughly 8 minutes at materially lower installation cost, and AFIR-compliant products position the company for the EU's 2030 TEN-T hydrogen corridor mandate. As of 2024, HRS had 27 stations operational, delivering 68.7 tonnes of hydrogen across 76,000 vehicle refuelings.

HRS generates revenue through hardware sales of station systems, complemented by installation/commissioning services and multi-year maintenance contracts, with all projects priced on a custom basis. Distribution is direct enterprise field sales to fleet operators, logistics players, energy majors (TotalEnergies, ENGIE), and public entities, with named customers including Hympulsion, Plug Power, SYDEV, GCK, Seven, Element 2, and Hychem. The company funded a €3.1 million bank facility in April 2024 and a €9 million capital increase in late 2025 to scale production and international expansion, and added a new adjacent line in stationary backup power via a Ballard Power Systems collaboration.

Name

Hydrogen Refueling Solutions

Legal name

HYDROGEN REFUELING SOLUTIONS

Website

https://hydrogen-refueling-solutions.fr

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

101–250 employees

Short description

Hydrogen Refueling Solutions designs and manufactures turnkey hydrogen refueling stations (14–160 kg/hour) for fuel cell vehicle fleets. The France-based, Euronext Growth-listed company serves mobility operators, logistics fleets, energy firms, and public entities across Europe and the Middle East.

Ownership category

akta.pro rank

Product category

Hydrogen Refueling Infrastructure

NAICS

Air and Gas Compressor Manufacturing (333912), Pump and Compressor Manufacturing (33391)

SIC

Pumps & Pumping Equipment (3561), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Hydrogen Storage & Compression Terminals (TLAGAKAH)

akta.pro secondary industries

Hydrogen Storage Terminals, Depots & Bulk Logistics (Siting, Loading/Unloading) (EUAFAEAI), Hydrogen Pipeline Compression & Booster Stations (TLAGAGAE), Hydrogen (Industrial & Mobility) (IMAEACAB)

Keywords

• Hydrogen refueling stations
• Turnkey station solutions
• Hydrogen mobility infrastructure
• Fuel cell vehicle refueling
• Industrial hydrogen equipment

Headquarters

HQ city

Champ-sur-drac

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Hydrogen Refueling Station Sales: HRS designs, manufactures, and sells turnkey hydrogen refueling stations ranging from 14 to 160 kg/hour capacity. Revenue is generated through the sale of complete station systems including compression, storage, cooling, and dispensing modules.
2. Installation and Commissioning Services: Expert installation services across European territory, including gas commissioning and station startup services provided by specialized technical teams.
3. Maintenance and After-Sales Service: Comprehensive maintenance and after-sales service offered throughout the product lifecycle, ensuring operational availability of hydrogen stations.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Hydrogen Refueling Solutions (HRS) designs, manufactures, and delivers turnkey hydrogen refueling stations for fuel cell electric vehicles, ranging from 14 to 160 kg/hour of compressed hydrogen capacity. The company provides complete lifecycle services including project sizing, design, manufacturing, installation, commissioning, and maintenance, with stations compatible with 350 and 700 bar dispensing and all hydrogen sources (electrolyzer, tube trailer, pipeline).

Product overview

Hydrogen Refueling Solutions (HRS) is a French designer and manufacturer of turnkey hydrogen refueling stations. The company offers a product portfolio comprising four main station models (HRS14, HRS28, HRS40, HRS80) with capacities ranging from 14 to 160 kg of compressed hydrogen per hour. The HRS14 through HRS80 models are designed for different mobility applications, from light vehicles (350/700 bar) to heavy-duty trucks and buses. The company also provides industrial hydrogen solutions through its Station Filling Center product and develops advanced refueling technologies like Twin Mid Flow (TMF). HRS stations are compatible with all hydrogen sources (electrolyzer, tube trailer, pipeline) and support various mobility segments including road transport, logistics, maritime, aviation, railway, and construction machinery.

Differentiator

Problem solved

Functional benefit

Products and services

• HRS14 Hydrogen Refueling Station Compact hydrogen refueling station delivering 14 kg of compressed hydrogen per hour, designed for light vehicles and smaller fleet operations, compatible with 350 and 700 bar dispensing pressures.
• HRS28 Hydrogen Refueling Station Intermediate hydrogen refueling station with 28 kg/hour capacity, supporting both light vehicles and utility vehicle fleets with 350 and 700 bar compatibility.
• HRS40 Hydrogen Refueling Station Heavy-duty hydrogen refueling station with 40 kg/hour capacity designed for trucks and buses, featuring high-speed refueling capabilities enabling 40-tonne vehicles to achieve 600km range in 8 minutes with TMF technology, and compliant with AFIR regulations.
• HRS80 Hydrogen Refueling Station High-capacity hydrogen refueling station with 80 kg/hour throughput, engineered for intensive heavy-duty mobility operations and large-scale logistics deployments.
• Station Filling Center Industrial hydrogen filling station solution for hydrogen industry applications, enabling centralized hydrogen distribution, storage operations, and industrial hydrogen supply.
• Installation and Commissioning Services Expert installation services across European territory including gas commissioning and station startup provided by specialized technical teams.
• Maintenance and After-Sales Service Comprehensive maintenance and after-sales service offered throughout the product lifecycle, ensuring operational availability of hydrogen stations for mobility operators and fleet customers.

Quantifiable outcome

• 40-tonne trucks can refuel for 600km range in just 8 minutes using Twin Mid Flow technology
• +4 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered key, core and minor.

• Ballard Power SystemskeyTechnology or Integration · 21 May 2026Collaboration to develop HRS's first backup energy solution for critical infrastructure using Ballard fuel cell technology.
• ENOWA (NEOM)keyStrategic or Co-development Partner · 4 November 2025Partnership for hydrogen infrastructure development in Saudi Arabia. Jointly developed Saudi Arabia's first heavy-duty hydrogen refueling station with Petromin Corporation at launch in January 2025.
• Toyota Motor EuropecoreStrategic or Co-development Partner · 28 January 2025Partnership to develop next-generation Twin Mid Flow (TMF) hydrogen refueling technology enabling 8-minute refueling for 40-tonne trucks to cover 600km. Technology to be piloted through EU-funded RHeaDHy project starting Q4 2025, with significantly lower installation costs than current stations. Supports EU AFIR target of hydrogen stations every 200km along TEN-T networks by 2030.
• ENGIEcoreStrategic or Co-development Partner · 28 January 2025Joint development of Twin Mid Flow hydrogen refueling technology with HRS and Toyota Motor Europe. Partnership aims to reduce installation costs and enable rapid refueling for heavy-duty hydrogen transport.
• Philippe StarckminorStrategic or Co-development Partner · 1 December 2023Co-designed HRS BY STARCK hydrogen dispenser presented at COP28 in Dubai, combining functional hydrogen technology with distinctive industrial design.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Nel ASA: Norwegian-listed manufacturer of hydrogen electrolyzers and refueling stations (H2Station). Closest direct competitor to HRS in turnkey H2 refueling, including heavy-duty and light-vehicle product lines across Europe and globally.
• ITM Power: UK-based designer and manufacturer of hydrogen refueling stations using in-house electrolyzer and compression technology. Competes head-to-head with HRS for European mobility tenders.
• McPhy Energy: French electrolyzer and hydrogen refueling station producer listed on Euronext. Domestic French competitor overlapping with HRS on station deployment for mobility and industrial clients.

Broad incumbents

• Linde Engineering: Division of Linde plc delivering hydrogen production, storage, and refueling infrastructure worldwide. Larger industrial gas incumbent with overlapping H2 refueling offerings and global execution capability.
• Air Products: Global industrial gas major actively deploying hydrogen fueling stations and large-scale hydrogen projects. Competes with HRS on heavy-duty and light-vehicle H2 station opportunities globally.
• Iwatani Corporation: Japanese industrial gas and energy company with a large hydrogen refueling station footprint (hydrogenious, H2One). Comparable on station hardware and operations, geographically focused on Asia but exporting know-how to Europe.
• Shell Hydrogen: Division of Shell plc building heavy-duty H2 refueling networks in Europe (e.g., with Daimler Truck). Acts as both customer and competitor to HRS on corridor projects.
• TotalEnergies Hydrogen: Major energy company deploying H2 refueling stations for mobility and industrial customers. Existing HRS customer (mobile H2 station) and potential competitor on integrated station projects.
• Chart Industries: US-listed provider of cryogenic and hydrogen compression, storage, and dispensing equipment. Competes with HRS at the component level in liquid hydrogen, compression and cryogenic storage.

Emerging players

• Everfuel: Scandinavia-focused green hydrogen producer and station operator building heavy-duty refueling corridors. Emerging direct competitor to HRS on Nordic and European truck corridor projects.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/HRS_hydrogen
• YouTubeyoutube.com/@Hydrogen-Refueling-Solutions
• LinkedInlinkedin.com/company/hydrogen-refueling-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hydrogen Refueling Solutions