Hydrogen: €350 Million in Public Aid, 70% of the Dismissed staff... Nicolas Doze Analyses the Difficulties of the Company Symbio
6 Articles
6 Articles
The French company Symbio, which specializes in the manufacture of hydrogen batteries, is in turmoil. It has received 350 million euros of public aid and now needs to separate 70% of its employees. How can we explain the difficulties of the company? Nicolas Doze's analysis, economic editorialist LCI. - Hydrogen: 350 million euros of public aid, 70% of the employees dismissed... Nicolas Doze analyses the difficulties of the company Symbio (Econom…
The fuel cell manufacturer installed in Saint-Fons, south of Lyon, is one of the start-ups today in difficulty after benefiting from the rain of public money that spilled onto the hydrogen pipeline despite doubts about the technology.
Article LesVoitures.com Les Cars According to Le Monde, the start-up Symbio, presented as one of the French pillars of the hydrogen industry, has benefited in two ways from [...] L-article Symbio: €350 million public money swallowed up in fuel cells, to end up in a giant social plan appeared first on Les Cars.
Symbio, a fuel cell specialist, swallowed up €350 million in public aid in two years and then dismissed 70% of employees.
Symbio has reportedly wasted hundreds of millions of euros of public aid in recent years. The hydrogen company plans to abolish 358 posts in Saint-Fons.
The start-up Symbio (co-enterprise between Faurecia, Michelin and Stellantis) was created to "democratize the hydrogen pile". Policies have spoken of "sovereignty" and a "strategic chain." For sure, public money had to be injected: more than 350 million euros of European aid have been injected in two years. With what results? In 2024, Symbio had to produce 16,000 batteries. It produced only 680 of them. And the medium-term objective was 50,000 p…
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