Hydrogen Mem-Tech, a leading startup in hydrogen separation technology, has secured a strategic investment co-led by Peak Sustainability Ventures and London-based AP Ventures.
With this deal, Peak holds a 10.5% ownership stake, reflecting a significant partnership in Hydrogen Mem-Tech’s future growth. Established in Norway, Hydrogen Mem-Tech is backed by notable climate-focused investors, including Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, and SINTEF. The recent funding will boost the company’s operations, facilitating the development of a new hydrogen separation unit with five times the current capacity. This expansion aims to accelerate the production of green hydrogen worldwide, with a special emphasis on making the technology available to India’s energy sector.
Founded in 2017, Hydrogen Mem-Tech is at the forefront of the green energy transition with its advanced hydrogen separation technology integrated with carbon capture. Their key product, Palladium Separators, is a patented technology that transforms bio-gas and natural gas into pure hydrogen, suitable for diverse applications, such as fuel cells in vehicles and industrial processes. This technology effectively separates and purifies ultra-pure hydrogen for fuel cells used in vehicles, heavy trucks, buses, trains, and ships.
Samir Shah is set to join Hydrogen Mem-Tech’s board of directors, bringing valuable insight to the company.
Add EnergyNews.biz as a preferred source on Google
