Danish Cleantech Company Hymeth Secures Funding for Green Hydrogen Systems Expansion
Key Ideas
- Danish cleantech company Hymeth secures €3.7 million in funding to advance the commercial deployment of their green hydrogen systems.
- The company's patented alkaline electrolysis platform allows for affordable and scalable green hydrogen production with high efficiency, without rare or costly materials.
- Hymeth plans to develop 250kW units for fossil-free replacements in industrial sectors, emphasizing security of supply and global demand for efficient green hydrogen production.
- The investment, led by Thisbe AB and supported by current shareholders, aims to drive industrial decarbonization by bringing cost-effective electrolysis technology to the market.
Danish cleantech company Hymeth has successfully secured €3.7 million in funding to accelerate the commercial rollout of their innovative green hydrogen systems. The company, stemming from the Nordic innovation ecosystem, has created a groundbreaking alkaline electrolysis platform that enables the cost-effective and scalable production of green hydrogen with an impressive 84% efficiency, independently verified without the need for rare or expensive materials. Hymeth's initial 25kW system is ready for field deployment, with plans to develop 250kW units to cater to the demand for fossil-free solutions in various industrial sectors and energy nodes prioritizing supply security. The investment round, spearheaded by Thisbe AB and with support from current shareholders like Antler, ensures the company's employment strategy and strategic partnerships stay on course. This financial boost will facilitate the introduction of energy-efficient electrolysis technology, fostering industrial decarbonization not only in the Nordics but also globally.
Topics
Production
Innovation
Investment
Funding
Decarbonization
Electrolysis
Employment
Cleantech
Industrial Sectors
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