AP Ventures

We are delighted that Hystar has been awarded a grant of up to EUR 26 m from the EU Innovation Fund to support the industrial scale and automated production of its PEM electrolyser stacks. This will enable the company to implement its automated GW factory, with an annual capacity of 1.5 GW when the factory goes into operation in 2027.   AP Ventures believes in the importance of producing a cost-competitive and reliable product at scale and we are pleased with this milestone along with the other achievements of the Hystar team. Producing lower-cost green hydrogen is important to unlocking the energy transition.   #venture #technology #energytransition #hydrogen

Great to see portfolio company Airhive listed in the Cleantech Group 50 to Watch List 2024! The list spotlights 50 early-stage companies with groundbreaking solutions that address the climate crisis. Airhive’s hybrid geochemical Direct Air Capture (DAC) technology has previously gained recognition in the XPRIZE, becoming a finalist in the ongoing competition earlier this year. AP Ventures believes Airhive’s technology, and its goal of capturing 1 million tonnes of CO2 annually by 2030, is an important step towards reaching net zero and decarbonising industry – we are delighted to continue supporting its progress! #DAC #energytransition #venture #cleantech50toWatch https://lnkd.in/ei6bKMf

The IEA recently published its Global Hydrogen Review 2024, mapping hydrogen production and demand worldwide as well as forecasts for the sector. As an investor with a significant focus on clean hydrogen and how it can decarbonise industry, here are some of our key takeaways:   📈 Low-emission hydrogen still makes up only 1% of the 97 Mt produced in 2023. Scaling up clean hydrogen is essential for decarbonising hard-to-abate industries, with CCUS playing a major role in enabling this growth.   Since last year's review, estimates for low-emission hydrogen production by 2030 have increased by 30%, and projects reaching final investment decisions (FID) have doubled.   Key Growth Metrics Since 2021: ➡ Low-emission hydrogen production has grown by 50% ➡ Global installed electrolyser capacity has grown 9x ➡ Electrolyser manufacturing capacity has grown 4x    💸 While low-emissions hydrogen is expensive today, costs could fall by up to 50% by 2030, narrowing the gap with fossil-based hydrogen to just USD 1-3/kg. Importantly for consumers, using hydrogen-produced steel would only increase the cost of a vehicle by around 1%.   As AP Ventures focuses on the hydrogen and CCUS value chains and how they can decarbonise industry and transportation, we’re excited to support the next wave of innovative technologies that will unlock hydrogen’s full potential 🌍💧   Read the full IEA report via the link below and let us know what you think! https://lnkd.in/dyZ5Ndmi   #Hydrogen #ClimateTech #EnergyTransition #CleanHydrogen #Decarbonization

Last week Alexis Garavel represented AP Ventures at World Hydrogen Week. He had the privilege to share a panel on “How Do You Justify and Manage High Investments in Novel Decarbonisation Projects” with representatives from ABN AMRO Bank N.V., Roots World, Santander and WWF Germany. The discussion focused on key aspects for de-risking high Capex technology and project development in the decarbonisation space:   📝 Offtake, offtake, offtake – the word that was most heard at the conference. Project developers must demonstrate that they can sell their products for banks to support them, but offtakers struggle if the technology risk is not entirely retired and if the regulatory landscape is not certain   👩⚖️ Regulators must provide clear guidelines and stability in the various end-markets, whether it is #eSAF, #greensteel or #mobility. Certainty will help banks and investors to get involved earlier in novel technologies and projects.   💰 Governments should support with subsidies and grant funding to bridge the gap between early-stage technology development and project finance and for First Of A Kind projects to enable companies to demonstrate that their innovation can scale.   It was also great to walk the floor at the conference and the exhibition, alongside our portfolio companies Hypermotive and Hydrogenious LOHC. It was encouraging to see that there were more discussions on pragmatic approaches to scale including by starting small and local and we look forward to seeing those words into action!   #hydrogen #venture #climate

AP Ventures’ Khangzhen Leow will be attending High Tech Venture Days in Dresden next week. He’s looking forward to meeting start-ups developing technologies in sustainability and energy, as well as catching up with portfolio companies Immaterial and Fairbrics. If you’re going to HTVD and you’d like to chat with Khangzhen about our mandate for decarbonising hard-to-abate sectors and portfolio of technology companies, please do get in touch.   #HTVD24 #venture #energytransition

Last week AP Ventures’ Calum Ferguson spoke as part of the inaugural Houston Energy and Climate Week, organised by the Rice Alliance for Technology and Entrepreneurship, a great event showcasing why Houston is becoming a hub for climate technology start-ups. Calum participated in a panel entitled: Harnessing Hydrogen Technologies to Accelerate the Energy Transition. Here are some of his key takeaways: 💸 The price of clean hydrogen depends on many factors including production scale, location, hydrogen transportation requirements ♻ Clean hydrogen is often converted into other molecules such as clean ammonia, green steel or efuels which require long-term offtake agreements to reach FID ⚙ The electrolyser supply chain is still nascent, with long lead times and reliability concerns – start-ups can differentiate themselves by providing a reliable product with warranties backed by durability testing data It was great to see APV portfolio companies come from across the globe to pitch at the event, including Hazer Group Limited (Australia), Fairbrics (France), ZEG Power (Norway) and Noble Gas Systems (USA). To learn more about the Rice Alliance, how they are supporting start-ups in Houston, and how this aligns with AP Ventures’ mandate, read our interview with the Rice Alliance team via the link below! #houston #energytransition #venture #startup https://lnkd.in/db7TkhYb

We are delighted to see Amogy demonstrate the world’s first 100% ammonia-powered zero-carbon vessel at New York Climate Week. Amogy has come a long way since AP Ventures led the establishment of the Company in 2021 – from a drone to a truck to a tugboat, Amogy is proving that ammonia technology can successfully decarbonise power systems 🛥 Congratulations to the Amogy team – we are excited to see where the future takes you!   #ammonia #energytransition #venture #ClimateWeekNYC https://lnkd.in/dMwDwTDR

AP Ventures will be attending and speaking at World Hydrogen Week in Copenhagen from 1st – 3rd October. Alexis Garavel will participate in a panel on “how to justify and manage high investments in novel decarbonisation technologies” at the Innovate to Net Zero Summit alongside representatives from WWF, Santander, ABN AMRO Bank N.V. and Hafeera Group Bahrain. We also look forward to catching up with our portfolio companies Hypermotive and Hydrogenious LOHC at the conference. If you are there and want to meet please contact Alexis!   #WHW #WorldHydrogenLeaders #hydrogen #venturecapital

 Heading to New York Climate Week next week? AP Ventures’ Charlie Clark will be there to meet startups, connect with our US portfolio, and chat about investing to decarbonise hard to abate sectors. Send him a message if you’d like to connect face to face during the week!🗽 #ClimateWeekNYC https://lnkd.in/dEBDih7

We are delighted to see Brookfield Asset Management’s investment of up to USD 1.1 bn in AP Ventures portfolio company Infinium’s projects and Series-C fundraise. This investment will support Infinium’s Project Roadrunner under development in West Texas, as well as other eFuels projects globally. The scale-up of Infinium’s ultra-low carbon fuels, including eSAF, eDiesel and eNaptha has the potential to decarbonise transportation and key infrastructure, including planes, ships, trucks and manufacturing processes. We are pleased with Infinium’s progress since leading the initial investment in 2020 and look forward to seeing these projects develop! #efuels #technology #venture https://lnkd.in/edvpq6tN