Dutch hydrogen startup Avoxt has secured an investment to accelerate the further development and scaling of its electrolyzer technology.
This innovation enables hydrogen production to become more efficient, safer, and more affordable than ever before, marking a crucial step in the global energy transition. Previously, Avoxt had already received a Rabo Innovation Loan, bringing the total funding raised by the startup to over €1 million.
Hydrogen offers a compelling solution to our dependency on fossil fuels, but its production is often inefficient and expensive.
Avoxt provides a solution with an innovative membrane-free electrolyzer that significantly increases hydrogen production efficiency.
According to Ton Rademaker, Avoxt co-founder founder:
“Traditional electrolyzers use a membrane to separate hydrogen and oxygen, but these membranes are expensive, prone to wear, and can cause failures.
Avoxt eliminates this weak link by producing gases at separate locations within the system, eliminating risks such as leakage and explosions. This makes the technology not only safer but also cheaper and highly scalable.”
Additionally, the technology requires significantly less maintenance, increasing uptime and ensuring a faster return on investment.
Future Tech Ventures (FTV), the NOM, and the Brabant Startup Fund contributed to the funding.
According to FTV investment manager Kyra Weaver:
“Avoxt holds the key to radically improving hydrogen production. The disruptive potential of this technology is gaining attention.
However, deep-tech like this requires significant investment to reach the commercial phase, and that’s why our mission is clear: we support Avoxt in becoming ‘investor ready’ for the next funding round.”
NOM Investment manager Alexander Draaijer adds:
“Avoxt is working on a breakthrough technology in hydrogen electrolysis. NOM supports their journey in proving their concepts, ensuring more investors are convinced to join in.”
“By 2030, 40 per cent of all hydrogen used in the chemical industry must be green. This means there is a significant market for electrolyzers that keep production costs low because that green hydrogen must become a reality. And that’s exactly where Avoxt aims to make a major impact,” concludes Ton Rademaker.
Lead image: Avoxt. Photo: uncredited.
Would you like to write the first comment?
Login to post comments