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 €40 million European backing for Dutch hydrogen innovator Battolyser Systems

Backed by a guarantee from the InvestEU Fund, the European Investment Bank has signed a €40 million financing deal with Dutch climate tech scale-up Battolyser Systems, the EC announced. The financing will enable the company to scale its production facility in Rotterdam towards mass production of its combined electricity storage and electrolyser stack system. The technology is currently operational at a large-scale industrial gas power plant in the Netherlands and its commercial deployment is scheduled for 2024.

Battolyser Systems CEO Mattijs Slee said: “To fulfil the Green Deal and deliver on net zero we need scalable hydrogen solutions for the entire range of industry. Sustainable, low-cost, truly green hydrogen, grid-friendly and ‘made in Europe’ — Battolyser Systems delivers all of this.”

The Battolyser technology is the only hydrogen solution in the market that can truly match the intermittency of renewable energy sources like wind and solar. This innovation enables both large industrial players and small and medium businesses to deploy green hydrogen to decarbonise their operations, thereby contributing directly to the objectives of the European Green Deal. 

Photo of Battolyser Systems

Press release https://is.gd/f4ikVg

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