SME Nedsense invests in TIB-TEC a hydrogen start-up


SME Nedsense has purchased a stake in TIB-TEC, a hydrogen start-up located in Switzerland that is commercializing a patent-protected technology that allows for the production and use of green hydrogen.

A total of 1.8 million euros was invested by SMEs. A third of the money will be paid in cash, while the other two-thirds will be paid in new MKB Nedsense shares.

TIB-TEC is a global licensing company in charge of marketing, sales, and distribution of TIB-TEC technology to firms in the power production, mobility, and industry sectors. One-time technology fees and ongoing license payments will be the main sources of income for TIB-TEC.

According to MKB Nedsense, product development is nearing completion, and TIB-TEC plans to sign its first client agreements in 2022.

Switzerland, the United Kingdom, Germany, and the Netherlands are among the nations where TIB-TEC works. TIB-TEC is getting ready to go public on the Swiss stock exchange.

“With this investment, SME Nedsense achieves its goal of investing in technological firms. TIB-TEC has proven technology and has a lot of room to grow by creating new applications and capturing new markets and sectors “added the businessman.

Arnes Biogradlija
Creative Content Director at EnergyNews.Biz

Eelde expected to be the first hydrogen airport in Europe

Previous article

Statkraft – Green hydrogen could account for 20% of Europe’s electricity consumption by 2050

Next article

You may also like

More in Europe


Comments are closed.