By investing in H2Vector, a technology start-up based in Asturias that seeks to provide energy solutions to enable the decarbonization and electrification of society, based on renewable hydrogen, Exolum is taking another step ahead in its decarbonization and diversification strategy.
In addition, the business is researching novel ways to store and transport green hydrogen based on the utilization of organic liquids, a subject that aligns with one of Exolum’s strategic directions.
The investment in H2Vector is a component of Exolum’s ambitious Open Innovation strategy, which aims to forge strategic alliances that will allow it to integrate cutting-edge technology and fresh expertise into its decarbonization-related business areas.
To achieve this, the company invests in and partners with emerging businesses from around the world that have ideas for projects involving the development of new energy vectors, such as renewable hydrogen, biofuels, and synthetic fuels, energy storage, sustainable transportation, and the circular economy. These businesses offer proposals to add differential value and provide innovative solutions.
Exolum is creating commercial potential for renewable green hydrogen for use in industry and transportation. With a production capacity of 60 tonnes of this new energy per year, the company is constructing Hydrogen Henares, the first integrated facility for the production and delivery of green hydrogen for mobility in the Madrid region.
Exolum also engages in initiatives with other businesses and academic institutions to advance the creation of new energy vectors while utilizing current infrastructures by investigating methods for the transport and storage of renewable hydrogen in liquid organic hydrogen carriers (LOHC). These alliances include GreenH2Pipes and Regenera.