Hydrogen Mem-Tech, a Norwegian leader in hydrogen separation technology, has announced a strategic investment led by Peak Sustainability Ventures and AP Ventures. The funding grants Peak a 10.5% ownership stake, fortifying Hydrogen Mem-Tech’s position in the global green hydrogen market and supporting India’s clean energy ambitions.
Founded in 2017, Hydrogen Mem-Tech has consistently attracted prominent climate-focused investors, including Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, and SINTEF. The latest funding aims to accelerate the company’s operations, enabling the development of a next-generation hydrogen separation unit with five times the current capacity. This unit will facilitate expanded green hydrogen production, making the technology more accessible for sustainable energy initiatives, particularly in India.
Hydrogen Mem-Tech’s proprietary Palladium Separators employ advanced membrane-based technology to transform natural and biogases into ultra-pure hydrogen. This hydrogen is instrumental for multiple applications, including powering fuel cells in heavy-duty vehicles, buses, maritime vessels, and industrial operations. The technology offers an economical, low-carbon alternative for various industries, aligning with global energy transition goals.
The investment also brings new leadership insights, with Samir Shah of Peak Sustainability Ventures joining Hydrogen Mem-Tech’s board. This move underscores Peak’s commitment to sustainable energy innovations, reinforcing the company’s mission to enable energy-efficient and carbon-neutral hydrogen solutions.
Hydrogen Mem-Tech’s technological advancements align with international efforts to transition to clean energy. By focusing on scalable, sustainable hydrogen production, the company is positioned to play a pivotal role in reducing global carbon emissions, particularly in transportation and industrial sectors.
Key Highlights:
- Hydrogen Mem-Tech secures funding from Peak Sustainability Ventures and AP Ventures, with Peak gaining a 10.5% stake.
- The funds will support the development of a next-gen hydrogen separation unit, expanding green hydrogen production.
- The company’s Palladium Separators create ultra-pure hydrogen for eco-friendly applications in vehicles and industry.
- This investment accelerates hydrogen accessibility in India, aiding its energy transition goals.