Grenoble, November 30, 2022 – After two years of research and development, INOCEL announces its first commercial product, a 300 kW fuel cell adapted for stationary, marine, heavy ground mobility, and applications. This will be the first fuel cell of such power to be commercially available by 2024. With its technology, INOCEL promises high power, compactness, modularity, efficiency, and responsiveness.

INOCEL is accelerating the energy transition by democratizing high power and efficient fuel cell technologies with the ambition of contributing to the decarbonization of the planet. INOCEL believes it has a role to play in the hydrogen industry with a proposed solution that will rapidly make a difference in multiple segments. There are some use cases in heavy mobility and stationary applications where technical barriers still persist today. For this reason, INOCEL worked on a technology to overcome these challenges and to have a rapid and large-scale impact on the reduction of CO2 emissions.

Built on the foundation of 25 years of R&D by the CEA, a top French research institute, 30 engineers and researchers have worked for the past two years on the development of the INOCEL technology: A high power solution made for stationary, marine, and heavy ground mobility segments, which all require power, efficiency, and durability.

The four differentiating features of the Z300 Fuel Cell:
– A compactness to power ratio, i.e. power for a given weight and volume 3 times greater than the market standard. Indeed, the INOCEL fuel cell delivers a power of 300 kW for a weight of 100 kg and a volume of less than 110 liters.
– Modularity: this fuel cell can be integrated into systems with power ranging from 300 kW to 3 MW. Our 3MW system is packaged in a standard size container, which makes it a compact solution.
– A level of energy efficiency reaching up to 60% with durability to the best market standard. This allows the INOCEL module to be competitive in terms of operating costs over the entire life of the product.
– A very high responsiveness, with a rise to full power in less than 1.5 seconds. Thus, the INOCEL fuel cell can be integrated in applications requiring very low hybridization of systems, resulting in smaller batteries, limiting mass and size.

INOCEL will present its first marine demonstrator during the Paris Boat Show at the Parc des Exposants de la Porte de Versailles in Hall 1 at booth F50. With equivalent power and autonomy characteristics to its thermal counterpart, this demonstrator helps INOCEL prove that a high-powered, long-range hydrogen world is possible without any concession to thermal technologies.

About INOCEL
INOCEL is a company based in the Grenoble region that designs, manufactures, and markets high power, modular fuel cells for the stationary, marine and heavy ground mobility sectors. Its expertise includes the development of fuel cell technologies as well as the integration and dimensioning of a complete energy chain. INOCEL also supports its customers with predictive maintenance, monitoring and advanced control services.

INOCEL masters the entire value chain of the fuel cell system, from the bipolar plate to the auxiliary components, which gives it a detailed knowledge of the components and allows it to control its quality and cost chain.

INOCEL also participates in the development of future industry standards to stay ahead of the development of tomorrow’s products and services.
More information on www.inocel.com.

Acteur majeur de la décarbonation avec sa pile à combustible révolutionnaire, INOCEL lance son usine de production grand volume à Belfort, en Bourgogne-Franche-Comté. Objectif : produire dès 2024 la pile à combustible basse température la plus puissante, compacte et performante du marché mondial (300 kW), et atteindre la production de dizaine de milliers d’unités par an à horizon 2030. En trois ans, la pile INOCEL Z300 est prête pour la production. Le choix d’implantation de sa gigafactory s’est porté vers Belfort, territoire connu pour être précurseur dans le domaine de l’hydrogène et à l’écosystème industriel fort.

Que ce soit pour la production d’électricité stationnaire, la mobilité terrestre lourde ou encore le transport maritime, INOCEL apporte une réponse sans précédent à la problématique de décarbonation. Son système efficient, endurant, compact, réactif et modulaire, se différencie d’ores-et-déjà sur le marché mondial des solutions hydrogène. La pile INOCEL lève ainsi des freins technologiques : elle rend possible l’utilisation de systèmes hydrogène pour des cas d’usages attendus pas les industriels pour lesquels à ce jour il n’existe pas de solution performante. Avec un produit de 300 kW disponible dès 2024, INOCEL se positionne comme le seul acteur de la pile à combustible très forte puissance et prépare les futures générations d’une gamme de produits de puissance  500 kW.

Pour répondre à la forte demande du marché, INOCEL annonce l’installation de son usine de production 4.0 en Bourgogne-Franche-Comté, à Belfort, dans le parc d’activités Techn’hom. Produit complémentaire aux solutions existantes, la pile à combustible INOCEL permettra d’assoir la souveraineté française et européenne dans l’hydrogène avec sa solution de pile à combustible très forte puissance. L’entreprise a pour objectif de produire ses piles dans un niveau de volume, de qualité et de prix attendu par le marché. Le site de production de plus de 15 000 m² doit en effet soutenir la production de dizaines de milliers d’unités par an et fournir dès 2024 des solutions clés en main aux industriels. Production annuelle visée d’ici à 2030 : 30 000 systèmes piles à combustible par an.

La Bourgogne-Franche-Comté, terre d’avenir pour les piles à combustible du futur

Pour ce faire, INOCEL recrutera plus de 150 personnes d’ici fin 2024, 700  personnes d’ici 2030 et fait le choix stratégique de se développer dans une région reconnue pour ses compétences clés et son écosystème industriel complémentaire. Ce site viendra compléter le centre de R&D de Grenoble de 60 employés, hub technologique proche d’entités de recherche de premier rang mondial telles que le CEA, dont la technologie utilisée par INOCEL est issue.

En choisissant la Bourgogne-Franche-Comté, INOCEL bénéficie du fort soutien d’un territoire précurseur en France dans le domaine de l’hydrogène.

L’implantation de son usine dynamisera le bassin d’emplois ainsi qu’un secteur industriel qui soutient une industrie hydrogène de pointe. Enfin, et dans une logique de décarbonation globale, l’usine de INOCEL est pensée pour avoir l’impact environnemental le plus faible possible.

A propos de INOCEL

INOCEL conçoit, produit et commercialise des piles à combustible fortes puissances, modulaires, dans les secteurs du stationnaire, de la marine et de la mobilité lourde terrestre. Son savoir-faire englobe le développement de technologies pile à combustible ainsi que de leurs intégrations dans un système complet. INOCEL accompagne également ses clients avec des services de maintenance prédictive, de monitoring et de contrôle commande avancé.

INOCEL est une société française implantée en France sur 2 sites stratégiques, un centre de R&D à Grenoble, pôle d’innovation et de technologie et une gigafactory qui accueillera une ligne de production capable de produire des dizaines de milliers d’unités par an à Belfort, un pôle hydrogène et un territoire industriel à la pointe de la technologie.

INOCEL maîtrise l’ensemble de la chaine de valeur du système pile à combustible, de la plaque bipolaire aux composants auxiliaires ce qui lui confère une connaissance précise des constituants et lui permet de maîtriser sa chaine qualité et de coût.

INOCEL participe également à l’élaboration des futures normes du secteur afin d’avoir une longueur d’avance au développement des produits et des services de demain.

Plus d’informations sur : www.inocel.com

INOCEL, a major player in decarbonization with its revolutionary fuel cell, has announced the installation of its high-volume production plant in Belfort, Bourgogne-Franche-Comté. The objective is to produce the most powerful, compact, and efficient low-temperature fuel cell on the global market (300 kW) from 2024 and to reach the production of tens of thousands of units per year by 2030. In three years, the INOCEL Z300 fuel cell will be ready for production. Belfort was chosen as the location for its gigafactory, a territory known for being a precursor in the hydrogen sector and with a strong industrial ecosystem.

INOCEL provides an unprecedented response to decarbonization issues for stationary electricity production, heavy land mobility, or maritime transport. Its efficient, durable, compact, reactive, and modular system already stands out in the global hydrogen solutions market. The INOCEL fuel cell overcomes technological barriers by enabling the use of hydrogen systems for industrial use cases for which there is currently no efficient solution. With a 300 kW product available from 2024, INOCEL positions itself as the only actor in the very high-power fuel cell and prepares for future generations of a 500 kW power product range.

To meet the strong market demand, INOCEL announces the installation of its 4.0 production plant in Bourgogne-Franche-Comté, in Belfort, in the Techn’hom business park. As a complementary product to existing solutions, the INOCEL fuel cell will help establish French and European sovereignty in hydrogen with its very high-power fuel cell solution. The company aims to produce its fuel cells at a volume, quality, and price level expected by the market. The production site of over 15,000 m² must indeed support the production of tens of thousands of units per year and provide turnkey solutions to industrialists from 2024. The annual production target by 2030 is 30,000 fuel cell systems per year.

INOCEL will recruit more than 150 people by the end of 2024, 700 people by 2030, and has made the strategic choice to develop in a region recognized for its key skills and complementary industrial ecosystem. This site will complement the Grenoble R&D center of 60 employees, a technological hub close to world-class research entities such as the CEA, whose technology used by INOCEL is derived from.

By choosing Bourgogne-Franche-Comté, INOCEL benefits from strong support from a territory that is a precursor in France in the field of hydrogen. The establishment of its plant will boost the employment basin as well as an industrial sector that supports a cutting-edge hydrogen industry. Finally, and in a logic of global decarbonization, the INOCEL plant is designed to have the lowest possible environmental impact.

• The company structures its governance with the appointment of an Advisory Board and a General Direction.

• INOCEL successfully completes its first capital increase of 10 million euros.

• The company validates its first recruitment and structuring objectives in line with its ambitious development plan.

Grenoble, September 27^th, 2022 – INOCEL, a new player in the field of hydrogen technology co-founded by Mike HORN and Mauro RICCI, is accelerating the energy transition by democratizing high-power hydrogen fuel cells. Four months after its official launch, the company is structuring its governance and its funding to complete the first stage of its development. The company appointed an experienced Advisory Board, a dynamic and competent General Direction, and carried out a first capital increase of 10 million euros. INOCEL’s growth is in line with its strategic development plan and ambitious objectives. The team now counts 20 employees and will reach 35 by the end of the year. The company will soon move to new premises in the Grenoble area to further develop its activity.

The Company will accelerate its development, optimize its existing technology, industrialize a large-scale product line by 2024 and present a first demonstrator between the end of the year and next spring. INOCEL’s demonstrators will be used to validate the performance of its hydrogen propulsion system in real-life conditions in the various target segments.

An experienced, multidisciplinary Board presided by Mauro RICCI, Co-Founder and Investor:

The General Direction is in charge of the structuring and the operational development of INOCEL in liaison with the Advisory Board on the strategic directions of the company.

INOCEL is financially, operationally, and strategically structured to achieve its ambitious goals and accelerate the energy transition. The entire INOCEL team is now ready and eager to bring to the market its high-performance hydrogen hydrogen propulsion system, in the interest of a decarbonized world.

The INOCEL team in detail:

• Mauro RICCI, successful entrepreneur, notably Founder and CEO of the international group AKKA Technologies for 38 years, brings to the company his vision, his skills in business development and structuring as well as his extensive knowledge of the worlds of industry and engineering.
• Mike HORN, a Professional Explorer for more than 25 years, brings his competitive DNA and shares his vision of the energy revolution for the environment. A compelling speaker with abundant energy, Mike HORN also carries the messages and mission of INOCEL.
• Frank LINDENBERG, with 30 years of experience at Mercedes-Benz AG, most notably as Chief Financial Officer, shares his extensive knowledge of financial ecosystems, his skills in corporate structuring, and his expert view of the ground transportation industry and its evolution.
• Luc MARBACH, President of the Société des Ingénieurs de l’Automobile (SIA) with 37 years of experience in industrialization, project lead and innovation as well as an in-depth knowledge of the industrial world and its issues, supports INOCEL in its product strategy and industrialization phase.
• Frédéric BARRAND, who held management positions for more than 26 years within the PSA Peugeot Citroën, Giat Industries and Siemens Transportation Systems groups, has been running a strategy and management consulting firm for the past 10 years. An engineer by training, Frédéric BARRAND has extensive expertise in systems engineering and product development.
• Jean-Philippe LALIGAND, experienced company director as well as financial and legal director who worked in the information technology and services sector, supports the company in its legal and financial aspects.
• Jules BILLIET, a graduate of ESSEC Business School with an international background, which includes Cornell University, is recognized for his multicultural course and his experience in strategic development and finance. In particular, he has held the positions of Chief of Staff and Director of Operational Marketing for the AKKA Group, contributing significantly to the Group’s strategy and its operational implementation, with major accomplishments.