Peak Sustainability Ventures and London-based AP Ventures have co-led a strategic investment in Hydrogen Mem-Tech, a startup developing hydrogen separation technology. Peak is now a key partner in Hydrogen Mem-Tech’s global expansion and mission to promote sustainable energy solutions thanks to this investment, which gives them a 10.5% ownership stake.
Prominent climate investors, such as Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, and SINTEF, are backing the Norway-based Hydrogen Mem-Tech.
With an emphasis on making the technology viable for India’s energy sector, the funds will be utilized to scale operations, build a new hydrogen separation unit with five times the current capacity, and speed up green hydrogen production worldwide, according to a press release.
Hydrogen Mem-Tech was established in 2017 with the goal of advancing the green transition by utilizing its cutting-edge hydrogen separation technology in conjunction with carbon capture. Palladium Separators, the company’s flagship product, is a patented technology that turns natural and biogas into pure hydrogen for a variety of uses, such as industrial processes and vehicle fuel cells. Ultra-pure hydrogen can be separated and purified using this technology 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.
