Inocel: The latest figures, news and market research on Inocel

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Country: France

INOCEL offers clean energy solutions for a future without greenhouse gas emissions.
INOCEL is committed to the development and production of compact, high-performance and safe fuel cell systems
NOCEL designs, produces and markets high-power, modular fuel cells for the stationary, marine and land-based heavy mobility sectors.
INOCEL also supports its customers with predictive maintenance, monitoring and advanced control services.
INOCEL is a French company with 2 strategic sites in France.and a gigafactory in Belfort, which will house a production line capable of producing tens of thousands of units a year
INOCEL masters the entire fuel cell system value chain, from the bipolar plate to auxiliary components.
INOCEL participates in the elaboration of future industry standards to stay one step ahead in the development of tomorrow's products and services
More than 60 employees

Inocel raises €64 million to industrialize its hydrogen fuel cells 28/03/2024

- Target markets: stationary power generation, land-based heavy mobility (trucks, construction equipment, trains, shipping).
- Purchasing intentions: 1 billion euros, to be converted into firm orders between 2024 and 2030.
- Sales forecast for 2024: between a few hundred thousand euros and 2 million.
- Expected revenues in 2025: over 10 million euros.
- Sales target for 2030: 100 million euros.
- Workforce: around 80 at present, more than a hundred expected by the end of 2024
- The Belfort site is designed for 700 employees

Inocel's plan to conquer the fuel cell market 29/06/2023

Start-up Inocel was founded in May 2022, and specializes in high-power, modular fuel cells.
Their first product is a proton exchange membrane fuel cell (PEMFC) with a power output of 300 kW, a volume of 110 liters and a weight of 100 kg.
Inocel's future production site will be located in Belfort.
Production of the first units will start in the third quarter of 2024.
The production target for 2030 is 30,000 fuel cells a year, with an intermediate target of 10,000 in 2027.
Investment of several hundred million euros is expected to set up the plant
Inocel has already booked orders worth almost a billion euros.
Inocel expects the heavy mobility market (trucks and buses) to become its main source of revenue from 2026 onwards.

Fuel cell production at Belfort by Inocel 11/05/2023

Creation of Inocel in Belfort in 2021
2 years of development for the 300 kW fuel cell (equivalent to 407 hp)
1 billion euros in purchasing intentions
60 employees in Grenoble Production in Belfort
Plant start-up in September 2024
Production capacity of 30,000 cells per year
Recruitment of 150 employees in 2024 and 700 employees by 2030
Total investment of 50 million euros (including 8 million euros in public funding)

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Other companies mentioned: