Schiedam, the Netherlands-based Battolyser Methods, a developer of the world’s solely electrolyser with battery performance, introduced that it has secured a €30M Sequence A funding spherical from Make investments-NL, International Cleantech Capital, and Innovation Industries.
Out of the overall, Make investments-NL invested €8.2M within the Dutch firm. With this funding, Make investments-NL has exceeded the €1B mark in dedicated investments.
Minister of Financial Affairs, Dirk Beljaarts, says, “This funding emphasises the significance of Make investments-NL as a driver of innovation and sustainability. Attracting personal traders for dangerous improvements is sweet information for SMEs, employment, and the longer term incomes capability of the Netherlands.”
Rinke Zonneveld, CEO of Make investments-NL, says “It’s a main milestone that we’ve got reached this milestone 4 and a half years after our begin. We stay dedicated to investing in corporations that make the Netherlands extra modern and sustainable. With our investments, we’ve got additionally been in a position to mobilise new capital, together with European capital.”
International Cleantech Capital and Innovation Industries accomplished the primary shut of the Sequence A spherical of €15M in July 2023. Additional, they elevated their funding in a second shut of a further €15M with Make investments-NL in September 2024.
Fund utilisation
The corporate will use the funding to scale its operations and produce to market its next-generation electrolyser in 2025.
The announcement comes after elevating €40M financing settlement signed with the European Funding Financial institution (EIB) in October 2023. Battolyser Methods was the primary Dutch local weather tech scale-up funding of the EIB.
The current funding rounds will contribute to the financing of Battolyser Methods’ large-scale manufacturing facility to satisfy business demand and can be situated within the Rotterdam port space, the hydrogen epicenter of Europe.
Mattijs Slee, CEO of Battolyser Methods says, “Over the past 12 months we scaled our know-how from a profitable industrial pilot at RWE’s Magnum energy plant in Eemshaven, The Netherlands, to a MW-scale demonstration unit. We’re proud to obtain the continual assist of our current traders with deep and cleantech experience while including Make investments-NL, the Dutch Nationwide.Promotional Establishment, which performs a vital position within the Dutch power transition.”
Battolyser Methods: Creating totally versatile alkaline electrolyser
Based as a spin-off of TU Delft, Battolyser Methods develops the world’s first totally versatile alkaline electrolyser with battery performance for inexperienced hydrogen — Battolyser.
The corporate’s know-how can change on and off following intermittent renewable power.
With its 100 per cent flexibility, it reduces the price of inexperienced hydrogen and alleviates grid congestion.
The following-generation Battolyser is obtainable as a 2.5MW plug-and-play skid and 5MW modules which are built-in with a Stability of Plant on website.
The investor
Make investments-NL is the Nationwide Financing and Improvement Establishment of the Netherlands.
Its mission is to supply financing to corporations and improvements that at present would not have ample entry to current financing choices.
Make investments-NL works along with numerous stakeholders, together with entrepreneurs, different financiers and traders, and growth specialists from each the private and non-private sectors.
Reda Atibi, Funding Supervisor, Make investments-NL says, “We consider that Battolyser Methods’ distinctive alkaline electrolyser with battery performance has incomparable traits that may contribute to the transition from gray to inexperienced hydrogen markets. Our funding in Battolyser Methods is a strategic step in our mission to speed up the power transition within the Netherlands and assist clear applied sciences that contribute to a future-proof economic system. We look ahead to working with Battolyser Methods to speed up their progress and mission.”
International Cleantech Capital (GCC) is a growth-stage enterprise capital agency investing to scale distinctive corporations into new market leaders within the clear power, mobility, good cities, and fintech sectors.
Primarily based in Amsterdam investing primarily in Europe and the US, the VC leverages its deep business, finance, and renewable networks to assist scale portfolio corporations.
Paul Kloppenborg, CEO of International Cleantech Capital says, “The Battolyser unlocks the total potential of renewable power and maximising hydrogen manufacturing asset efficiency by quickly adjusting to risky and more and more frequent unfavorable energy costs. This flexibility is a key answer to decarbonize trade and in addition to supply off-grid fuels. We’re excited to see their business deployment subsequent 12 months and the expansion that may comply with.
