Thrilled to share that our portfolio startup, Sunfire, has successfully raised an impressive €500M to drive Europe's green hydrogen economy forward! 💚 Their innovative pressurized alkaline and high-temperature solid oxide electrolysis technologies pave the way for scalable and efficient green hydrogen production, driving the transition to renewable energy. At Aster, with over two decades of commitment to decarbonizing hard-to-abate industries, we take immense pride in contributing to Sunfire's mission, catalyzing decarbonization on a grand scale. Kudos to new investors like LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity, who have joined hands with Sunfire to champion this cause. Let's celebrate this milestone propelling Europe towards a sustainable future! 👏🌍 Lightrock, Planet First Partners, Carbon Direct Capital, Climate Pledge Fund, Blue Earth Capital AG. #Sunfire #GreenHydrogen #Sustainability #RenewableEnergy
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General Partner at Automotive Ventures | Author of the book "The Future of Automotive Retail" | Author of the weekly "Intel Report": sign-up at automotiveventures.com
German electrolyzer manufacturer Sunfire has raised €215 million in a Series E equity financing round, further complemented by a term loan of up to €100 million provided by the European Investment Bank (EIB). New investors include LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity. Existing investors participating in the round include Lightrock, Planet First Partners, Carbon Direct Capital, the Amazon Climate Pledge Fund, and Blue Earth Capital AG. Sunfire's pressurized alkaline and high-temperature solid oxide electrolysis technologies are a key enabler of the transition to renewable energy, offering a scalable and efficient means of producing green hydrogen. https://lnkd.in/eUe-Qweg
Sunfire raises over €500M to boost European's green hydrogen economy
tech.eu
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Geologic hydrogen offers strong opportunities for growth in the hydrogen supply network in the US and worldwide
Fast-moving Koloma widened its funding lead over rival startups in the emerging geologic hydrogen industry with a $246 million round led by Khosla Ventures #hydrogen #sustainability #energy
Bill Gates-Backed Clean Fuel Startup Raises $246 Million To Aid Plans To Drill For Hydrogen
forbes.com
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REMA paves the way for a greener future with breakthrough hydrogen production technology 🌱 This #EPFLstartup is revolutionizing green hydrogen production, making it more efficient, affordable, and accessible to everyone. Their innovative technology has already garnered recognition through an Innogrant of CHF 100,000 earlier this year (https://lnkd.in/eMuf2jeP), and now Venture Kick is adding to their momentum with a CHF 150,000 grant. 🚀 REMA's advancements are crucial for accelerating the global transition to clean energy, helping us achieve our sustainability goals. With their commitment to sustainability and innovation, REMA is leading the way towards a greener tomorrow. 🌎 Read more in Startupticker.ch news https://lnkd.in/eTcK2WgF Ioakeim Sioutis (Lead Engineer), Prof. Demetri psaltis (Advisor), and Steven Schenk (CEO) #EPFLInnogrant #EPFLstartup #greentech
REMA set to make green hydrogen production affordable and efficient
startupticker.ch
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By the "MENA Business Review" I Innovative Leadership I People Focus I Corporate Wellbeing I Sustainability I Inclusion
In its continuing effort to expand into emerging climate technologies, 3M has completed a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production. The investment is part of 3M's commitment to advancing technologies that support the transition to a low-carbon economy and may help the company explore further decarbonizing its own operations. "Our investment in Ohmium demonstrates 3M's dedication to fostering innovative technologies that can lead to a more sustainable future," said Mark Copman, senior vice president, 3M New Growth Ventures. "We see significant potential for collaboration in areas such as advanced materials, which can further enhance the efficiency and scalability of green hydrogen production." The investment aligns with 3M's strategic growth platform in climate tech and its vision to leverage 3M's deep technological expertise in material science in support of the Department of Energy's "Hydrogen Energy Earthshot" and the industry goal of reducing the cost of green hydrogen production to $1 per kilogram. Ohmium is known for the efficiency of its Proton Exchange Membrane (PEM) electrolyzers, designed to optimize PEM's industry leading performance in pairing with renewables to produce green hydrogen. Green hydrogen is a fossil-free energy source critical for decarbonizing hard to abate industrial sectors such as steel manufacturing and fertilizer production. Ohmium's proprietary power electronics, hyper-modular design and standardized manufacturing approach have positioned the company as a leader in cost-competitive, efficient and high-output green hydrogen production. "We're very pleased to partner with an industry leader like 3M and look forward to collaborating with them on continued innovation in catalysts and other electrolyzer materials," said Arne Ballantine, Ohmium CEO. "Their investment in Ohmium is another testament to the strength of our technology and our track record in deployment." In April 2023, Ohmium raised $250 million in its Series C funding round led by TPG Rise Climate, the dedicated climate investing strategy of global alternative asset manager TPG. 3M is one of nearly 30 blue-chip corporations that invested in the inaugural TPG Rise Climate fund and joined its TPG Rise Climate Coalition. The Rise Climate Coalition is part of a differentiated climate solutions ecosystem that convenes regularly to accelerate knowledge exchange, drive new investment opportunities, and share best practices. #sustainablefuture #climatetech #greenhydrogen #cleanenergy #3MNewGrowthVentures #3M #Ohmium
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German startup Sunfire, led by Nils Aldag, has secured €500m in Series E financing, including equity, debt, and grants, to expand its green hydrogen production technology. This funding comprises €215m in equity from investors such as LGT Private Banking, GIC, Ahren Innovation Capital, and Carbon Equity, along with €200m in grants and €100m in debt from the European Investment Bank (EIB). The company specialises in electrolysers powered by renewable energy, offering an environmentally friendly alternative to the fossil fuel-based hydrogen manufacturing prevalent today. #Sunfire #GreenHydrogen #RenewableEnergy #SeriesE #Funding #HydrogenEconomy #EU #EIB #Electrolysers #ClimateAction #SustainableTechnology #EuropeanInnovation #CleanEnergy #FutureProof #Investment #CarbonNeutral #GreenTech #greenhydrogen
Sunfire Raises €500m for Green Hydrogen Tech
https://climateinsider.com
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Hopefully this is the beginning of the trend, and the investor pool is waking up to the beauty of #naturalhydrogen, with funds being channeled into this carbon net-zero, commercially sensible fuel of the future
Fast-moving Koloma widened its funding lead over rival startups in the emerging geologic hydrogen industry with a $246 million round led by Khosla Ventures #hydrogen #sustainability #energy
Bill Gates-Backed Clean Fuel Startup Raises $246 Million To Aid Plans To Drill For Hydrogen
forbes.com
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Enerdrape secures additional CHF 1.3 million investment for its geothermal panels 🎉 This seed financing round marks a significant milestone in the company's journey as pioneers in introducing the world's first prefabricated geothermal panel technology. Swiss investors, including Après-demain SA through the initiative GeneRActions Planet and Romande Energie played a pivotal role in this seed round, aligning themselves with enerdrape's vision for a sustainable future. Margaux Peltier, CEO & Co-Founder, expressed her enthusiasm: «This CHF 1.3 million injection propels the company to scale operations, enhance product offerings, and strengthen the team with new talents. This not only enhances the success of our seed round but also opens doors to the exciting possibilities that lie ahead in our Series A journey. » Read more 👇 #VDTech #SwissTech #energy #sustainability
Enerdrape secures additional CHF 1.3 million investment
startupticker.ch
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UK-based Greenlyte Carbon Technologies has raised €105 million for their low energy direct air capture (DAC) system. 🌎 Investors for the Pre Series A round included Earlybird Venture Capital, Green Generation Fund, and Carbon Removal Partners. 💵 Unlike other DAC technologies, Greenlyte’s requires minimal energy input thanks to its unique liquid-sorbent solution. ⚡ Their tech integrates with renewables, producing hydrogen as a byproduct. Both the hydrogen and captured CO2 can be used for downstream chemical manufacturing, fuels, or green materials. 👍 Experts suggest that we need to remove 10 gigatons of carbon from the air every year to reach climate targets. This is in addition to decarbonization efforts. DAC could be a critical piece in mitigating climate change by reducing overall carbon footprint. What are your thoughts on DAC in decarbonization efforts? Share in the comments below! 📝 #decarbonization #directaircapture #carboncapture #climatechange #technology #startup
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EH VC The hydrogen hype has thankfully gone... in its place is a value chain which is scaling up, a backdrop of clear & strong policy support, and engaged corporates that are actively looking for H2 solutions to decarbonise their activities . Amidst it, the rapid rate of technology innovation has remained unabated, and arguably accelerated. This should make the risk/reward of investing in the hydrogen ecosystem more compelling than ever... Sifted checks in with three leading climate VCs - Extantia, Emerald Technology Ventures & Aster Capital. #fuelcells #hydrogen #climatetech
10 hydrogen startups to watch, according to investors
sifted.eu
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#fundingalert 💼Company: Clyde Hydrogen Systems 💰Funding: £1Million ⚡Round: New Round 👥Investors: ZINC Clyde Hydrogen methods is a cutting-edge technological startup creating ground-breaking methods for large-scale green hydrogen production. Unlike current electrolysers, their revolutionary decoupled electrolysis technology provides flexibility and opportunities. The company plans to use the pre-seed capital to grow its research and development staff, expedite technological development, and establish strategic alliances with other players in the energy industry. Clyde Hydrogen aspires to play a major role in helping Scotland achieve its lofty targets for green hydrogen and carbon neutrality. Paul Kirby Read more - https://lnkd.in/gWuizJMC To share your startup story write us on - contact@startuprise.co.uk #ClydeHydrogen #technological #hydrogen #production #development #funding #startupnews #fundingnews #news #startuprise
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2wAster Capital prière de demander à Finalcad et son DG Cyril Perrin de payer les factures de KS Solutions - Tunisia