Hymeth Secures €3.7 Million Investment for Green Hydrogen Production Expansion
Key Ideas
- Hymeth, a Nordic cleantech company, raised €3.7 million to support the commercial rollout of its alkaline electrolysis technology.
- The funding round, led by Thisbe AB, will enable Hymeth to deploy 25kW systems, develop a 250kW version for industrial applications, and expand its team and partnerships.
- Hymeth's alkaline electrolysis platform offers high energy efficiency at 84% (HHV) without relying on rare or expensive materials, positioning the company well in the global market for green hydrogen.
- The investment will also support the company's employment strategy and partnerships with utilities, industrial clients, and other stakeholders.
Hymeth, a Nordic cleantech company, has secured €3.7 million in funding to advance its green hydrogen production efforts through its alkaline electrolysis technology. Led by Thisbe AB, the investment will facilitate the commercial deployment of Hymeth's modular alkaline electrolysers, known for their high energy efficiency of 84% (HHV) without the use of rare or costly materials. The company plans to implement its 25kW systems in the field, while also working on a 250kW version tailored for industrial applications. This strategic funding will not only support Hymeth's expansion but also allow for the growth of its team and partnerships in the energy and utility sectors. Hymeth's Chairman highlighted the importance of scaling up the company's electrolysers to meet the rising global demand for efficient green hydrogen production. Additionally, the investment secures employment strategies and the development of key partnerships with utilities, industrial clients, and relevant stakeholders, ensuring a promising future for Hymeth in the green hydrogen market.