(AOF) – HRS, designer and manufacturer of hydrogen refueling stations, today announced the appointment of Kader Hidra as Chief Financial Officer. Kader Hidra joins the company after having spent more than 15 years in various financial and management functions in the innovation sectors of the ecological transition. Before joining HRS, he had held the same position since 2020 at Carbios, a company specializing in the enzymatic recycling of PET plastic.
He also served for 8 years in several management positions within the EDF group, including that of CEO of Citégestion, a digital start-up subsidiary of EDF dedicated to the Smart City, and that of director of investor relations & markets of the group.
In addition, Kader Hidra has 5 years’ experience in investment banking in London, at Morgan Stanley and Berenberg Bank, where he was able to acquire experience in the field of “Cleantech”, during initial public offerings of companies in renewable energies.
Kader Hidra is a graduate engineer from the National Polytechnic Institute of Grenoble and holds an MBA from Duke-Fuqua University (North Carolina, United States).
Created in 2004, the company Hydrogen-Refueling-Solutions (HRS), formerly TSM, achieved a turnover of 16.7 million euros in the 2021/2022 financial year. As of June 30, 2022, the company had 86 employees. It will present its 2021/2022 annual results on October 6, 2022 after market close.
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Great prospects with green hydrogen for the electricity sector
The French hydrogen plan of 7 billion euros, which has been increased to 9 billion, aims to develop an industrial sector for the production of low-carbon hydrogen. Gimélec, the group of companies in the digital electronics sector in France, has identified strong benefits for manufacturers of electrical equipment. For its members, the economic benefits are estimated at 10 billion euros by 2030, then an additional 20 billion for the period 2030 to 2040, mainly for the sector of manufacturers of digital electronic equipment (from transformers to control systems ). This will lead to massive recruitment, in particular in the territories where the hydrogen development efforts will be concentrated, in the Mediterranean and in the Seine Valley.