Danish cleantech Hymeth, has secured €3.7 million in funding to drive the commercial rollout of its breakthrough green hydrogen systems.
Hymeth, born from the Nordic innovation ecosystem, has developed a patented alkaline electrolysis platform that enables affordable, scalable green hydrogen production with 84 per cent (HHV) efficiency, independently verified and achieved without rare or costly materials.
The company’s initial 25kW system is already prepared for field deployment, and 250kW units will be developed to provide for fossil-free replacement in industrial sectors and a multitude of energy nodes where security of supply is increasingly important.
Torkel Elgh, the chairman of Hymeth´s board, emphasised:
We are taking a vital step to scale-up the Hymeth electrolysers catering for the global demand for highly efficient green hydrogen production. Hymeth is in a good position and welcome our new strong lead investor with industrial and commercial acumen, long-term commitment as well as devotion to commercialising new technologies and building industries. It is very motivating to embark on this journey and work even harder together to reach what we jointly want to achieve.
In addition to the commercial deployment of the 25kW units and the advanced development of the 250kW industrial solutions, the investment secures the well-defined employment strategy and the continuation of developing strategic partnerships with utilities, industrial clients, and other relevant stakeholders.
The investment round is led by Thisbe AB (a wholly owned FAM subsidiary) and supported by a majority of the current shareholders, including Antler.
The investment will help bring to market cost-effective, energy-efficient electrolysis technology designed to drive industrial decarbonization in the Nordics and beyond.
Lead image: Hymeth
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