A strategic investment in hydrogen separation technology startup Hydrogen Mem-Tech has been obtained, with London-based AP Ventures and Peak Sustainability Ventures serving as co-leads. Peak now has a 10.5% ownership stake in Hydrogen Mem-Tech, making it an essential partner in the company’s global expansion and goal of promoting sustainable energy solutions.
SINTEF, Shell Ventures, Yara Growth Ventures, Saudi Aramco Energy Ventures, and other well-known climate investors back the Norway-based Hydrogen Mem-Tech.
The funds will be used to scale operations, build a new hydrogen separation unit with five times the current capacity, and speed up the production of green hydrogen worldwide, with an emphasis on making the technology viable for India’s energy sector, according to a press release.
With its cutting-edge hydrogen separation technology combined with carbon capture, Hydrogen Mem-Tech, which was founded in 2017, seeks to spearhead the green transition. The company’s main offering, Palladium Separators, is a patented technology that turns natural biogas into pure hydrogen for use in a variety of applications, such as industrial processes and vehicle fuel cells. This technology makes it possible to separate and purify ultra-pure hydrogen for use in fuel cells found in cars, trucks, buses, trains, and ships.
The board of directors of Hydrogen Mem-Tech will now include Samir Shah. The company’s membrane-based separation technology offers a cost-effective and efficient way to extract hydrogen from a variety of gas streams and green ammonia applications. Hydrogen Mem-Tech claims its invention will significantly aid in accomplishing the objectives of global sustainability.
Peak Sustainability Ventures is a venture capital fund with a focus on sustainability that seeks to fund ground-breaking inventions in fields like climate technology, new energy, water, and food systems. Proeon, SustLabs, and Indra Water are among the businesses in its portfolio.
