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Faurecia Acquires Access to Stelia Aerospace Composites Fuel Cell Tank Technology.

M2 EQUITYBITES-May 17, 2017-Faurecia Acquires Access to Stelia Aerospace Composites Fuel Cell Tank Technology

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17 May 2017 - French automotive equipment supplier Faurecia has acquired an exclusive access to the intellectual property and process know-how of composite hydrogen tanks from French technology firm Stelia Aerospace Composites, the company said.

Faurecia is now, with the support of Stelia Aerospace Composites, able to design, industrialise and commercialise high pressure hydrogen tanks made of carbon fiber composites for fuel cell electric vehicles.

Fuel cell technology is a long term electric vehicle solution which offers increased autonomy (over 500 km) and quicker refueling time compared to battery electric vehicles.

By 2035, Faurecia estimates that 5m vehicles equipped with fuel cell technology could be in production. Carbon fiber composite is the ideal material for hydrogen tanks which have to withstand the high pressure (700bars) whilst being as light as possible.

This acquisition complements the investment that Faurecia recently made in Ad-Venta, a specialist in pressure valves for efficient and safe hydrogen storage.

Ad-Venta developed a unique, reliable and compact valve which allows pressure management from 700 to ten bars for delivery to the fuel cell.

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Publication:M2 EquityBites (EQB)
Date:May 17, 2017
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