Climate Insider’s Post

Danish startup secures €20M to boost green hydrogen production with 1-MW dynamic electrolyser unit Copenhagen-based Dynelectro has successfully raised €11 million to advance its 1-MW Dynamic Electrolyser Unit (DEU) technology, aimed at accelerating the green hydrogen economy. The funding round saw participation from prominent investors such as Export and Investment Fund of Denmark (EIFO), Yara Growth Ventures, Vsquared Ventures, PSV DeepTech, The Footprint Firm. Additionally, Dynelectro secured €9 million in grants through partnerships with industry leaders like Shell and the European Innovation Council and SMEs Executive Agency (EISMEA). The funds will be utilized to develop and deploy the DEU at European Energy’s Danish renewable energy facility, enhancing the production of sustainable hydrogen and contributing to the green energy transition. https://lnkd.in/dB65PFtE #nordicmade #denmark #funding #greentech #cleantech #sustainability #startups #trending

Koloma, a #startup focused on extracting carbon-free hydrogen from natural underground deposits, has secured $245.7 million in #funding, the round was led by Khosla Ventures and included #investment from Amazon’s Climate Pledge Fund and United Airline’s Sustainable Flight #Fund. They join previous cleantech backers including Bill Gates’ Breakthrough Energy #Ventures and Energy Impact Partners, boosting Koloma’s total funding to more than $300 million. The company, led by CTO and cofounder Tom Darrah, aims to leverage techniques from the oil and gas industry to access hydrogen pockets efficiently.  Being a highly versatile #energy source, hydrogen plays a crucial role in reducing carbon #emissions across various sectors such as transportation and electricity generation. While the traditional method of producing hydrogen from natural gas emits carbon dioxide, there's a push towards producing carbon-free hydrogen through processes like electrolysis, despite its higher cost. However, tapping into naturally occurring underground #hydrogen reserves, known as geologic hydrogen, could offer a more economical solution due to leveraging existing energy-drilling techniques. The growing awareness of naturally occurring hydrogen pockets globally has increased interest in this clean energy source, with advocates believing it could be the cheapest form of hydrogen production. #energyindustry #greenhydrogen #zeroemission #cleanenergy #emissionsreduction #carbonfree https://lnkd.in/dav-yVb6

The Later Stage Innovation (LSI) project HyPPr ended in mid-2023. This Flanders Industry Innovation Moonshot project in the program ’Energy Innovation’ was followed by the creation of the technology startup Solhyd, which seeks social impact with a widely deployable hydrogen panel. At the heart of Solhyd, there is an incredibly innovative technology that produces hydrogen from ambient air and sunlight. As hydrogen gas will play an increasingly important role in the energy landscape, hydrogen panels could serve us all well. In this interview, CEO Jan Rongé talks about their challenges today and the role Flanders Industry Innovation Moonshot played. https://lnkd.in/emmkNmbw #hydrogen #energyinnovation #technology #startup #energytransition

Natural hydrogen production is poised to revolutionize the energy sector by offering a cost-effective alternative at $1/kg, paralleling the early stages of the shale industry. Start-ups in the natural hydrogen sector are optimistic that their discoveries will eventually attract major energy companies, despite current skepticism. Advocates highlight the environmental and logistical benefits of natural hydrogen, positioning it as a viable competitor to renewable H2 production. #NaturalHydrogen #EnergyRevolution #CostEffective #ShaleComparison #Startups #MajorEnergyCompanies #Skepticism #EnvironmentalBenefits #RenewableHydrogen https://lnkd.in/g6bQaph2

Sad news in the battery innovation world: Ambri, a promising startup known for its groundbreaking liquid metal battery technology for grid-level storage, has filed for Chapter 11 bankruptcy. ⚡🔋 Innovations like Ambri's are crucial for the future of renewable energy and grid stability. Their liquid metal batteries promised a more efficient, cost-effective solution for large-scale energy storage, a vital component in the transition to sustainable energy sources. 🌍🌱 However, the current funding environment is incredibly challenging for startups. Securing the necessary capital to bring such innovative technologies to market is becoming increasingly difficult. As someone passionate about the future of energy, it's disheartening to see financial constraints hindering progress in this critical field. Let's hope that despite this setback, the spirit of innovation continues to thrive, and we can find new ways to support and invest in the technologies that will power our future. 💡🔋 https://lnkd.in/eYDQxnMP

Last year, GCxN welcomed our sixth cohort, bringing our portfolio to 23 #cleantech #startups across varying technology stages and sectors like #powergeneration, #transportation, and #advancedmaterials. ⚡️ With support from Shell and the National Renewable Energy Laboratory, our portfolio companies have made significant strides in their paths to commercialization over the last year. By accelerating their time to market, GCxN helps to minimize the risks associated with commercializing next-generation #cleantechnology that can dramatically alter the future energy landscape. Read the 2023 Year in Review to learn more about our portfolio: https://bit.ly/GCxN2023YIR

What are start-ups across the globe working on? What is getting the most interest and traction (and seed $)? For the past 18 months or so we have been checking out "Start-us Insights" for some excellent analysis and meta-data. Just published by them is a 2024 update on the potential/pending "hydrogen energy" economy and sector. How close is that to becoming a viable reality? https://lnkd.in/gSzeuQid #greenenergy #b2bsales #innovation

Over the past four months, companies with technology to produce and distribute low-emission hydrogen have raised over $1 billion in venture investment, surpassing two-thirds of last year's total capital. Hydrogen's versatility in powering vehicles, generating electricity and power, and heating homes and businesses has the potential to significantly reduce carbon emissions and will play a critical role in achieving net zero. Investors’ stepped-up interest in the green hydrogen space indicates they see the combination of government incentives, tech-enabled cost reductions, and market receptiveness in place now to produce compelling outcomes. #Hydrogen #GreenEnergy #Investment #CarbonEmissions #NetZero #sustainabletechnology #inspireglobalventures https://lnkd.in/gQ7m2AQ9

Estonian greentech company Stargate Hydrogen bags huge amount of seed funding! Tallinn-based greentech Stargate Hydrogen has completed a successful seed round of €42 million. The round includes an equity investment by UG Investments and grant financing from IPCEI (Important Project of Common European Interest) framework for hydrogen technologies, with the participation from other investors and grants. The company has come up with a green hydrogen technology to fight against climate change in the industries such as steelmaking, fertilizers and chemicals. What new they bring to the table is to count the cost of green energy. The funding will feed their goal to scale up their patented electrolyser technology. They also appoint Skeleton Technology’s founder Taavi Madiberk as Non-Executive Chairman. https://lnkd.in/gHa63TWh #balticmade #estonia #funding #startups #greentech #climatetech #greenhydrogen #trending

#ICYMI HyFlux, an innovative clean energy start-up, is thrilled to announce its recent success at the Net Zero Technology Centre #TechX Clean Energy Accelerator programme, where it was distinguished with the Net Zero Impact Award by industry giants bp, ADNOC Group, and Equinor. This recognition followed Fluxart’s outstanding development of cryogenic superconducting hydrogen motors designed to decarbonise #aviation. 🌱 Thanks to all our partners for your continued support through this process Join us on our mission to revolutionise aviation with guilt-free flying and sustainable technologies! ✈️ From its humble beginnings HyFlux has made significant strides in the world of sustainable aviation. Here are some highlights: ✨ Initiated as a university spinout, rooted in academic research bringing industrial experience into the team. ✨ Secured investments, and introduced more strategic partners and investors, ready to fuel the growth. ✨ Pitched our groundbreaking superconducting motors to potential investors. ✨ Delved deep into zero-emission aviation, championing a greener future. ✨ Explored opportunities with renowned startup accelerator, TechX. ✨ Showcased our innovative superconducting technology at the prestigious International Paris Air Show thanks to Aerospace Technology Institute. ✨ Embraced diversity, fostering an inclusive work culture. ✨ Won the Net Zero Award, a testament to our commitment to the environment ✨ Secured U.K. grant funding, propelling our R&D activities. ✨ Selected by Carbon13 venture builders ✨ Selected by World Economic Forum as Top innovator in sustainable aviation tackling NonCo2 emissions - thanks UpLink - World Economic Forum #Hyflux #SustainableAviation #ZeroEmissionse #StartupJourney #sustainableaviation #netzero