Battolyser raises a further €1.5 million to boost hydrogen battery efficiency
The company has received a €1.5 million subsidy from the Just Transition Fund (JTF) to further develop its technology that technology combines battery storage with hydrogen production.
Published on November 22, 2024
Battolyser Systems, a pioneering Dutch company developing a hydrogen-producing battery, has received a €1.5 million subsidy from the Just Transition Fund (JTF). This innovative technology combines battery storage with hydrogen production, addressing key challenges in the sustainable energy transition. The Battolyser can produce hydrogen at lower costs than other available technologies, utilizing renewable energy during surplus periods.
With this funding, Battolyser aims to enhance battery performance further, building on their previous €2 million JTF grant. The company's growth since its 2018 founding demonstrates the potential of its unique solution in tackling grid congestion and reducing green hydrogen costs, positioning it as a key player in the evolving energy landscape.
A promising solution
Since its founding in 2018, Battolyser has been dedicated to developing its unique hydrogen-producing battery, the Battolyser. This dual-function technology not only stores energy but also generates hydrogen, a crucial component for a sustainable energy future. By leveraging renewable energy during periods of surplus, the Battolyser addresses both energy storage and hydrogen production, offering a promising solution to grid congestion and high hydrogen production costs.
Battolyser’s technology plays a vital role in the energy transition, especially in regions reliant on fossil fuels. By producing 100% green hydrogen and complying with Europe’s Renewable Energy Directive (RED II), the Battolyser aligns with renewable sources while meeting strict regulatory standards. The system's ability to sell power back to the grid enhances its economic viability, providing a dual benefit of supporting grid stability and generating revenue.
Battolyser raises €30 million for green hydrogen production
The company developed a unique electrolyzer with battery functionality that aims to tackle grid congestion and reduce green hydrogen costs.
Support from JTF
The recent €1.5 million subsidy from the JTF is a testament to Battolyser's potential impact. This funding follows a previous €2 million contribution aimed at scaling operations in Schiedam. In September, the company announced it raised €30 million in Series A funding to scale its innovative hydrogen battery technology.
Future prospects
Looking ahead, Battolyser plans to launch its next-generation system in 2025, with an ambitious target of 4 GW electrolyzer capacity by 2030. Recent funding rounds, including a €30 million Series A and a €40 million agreement with the European Investment Bank, underscore the confidence in Battolyser’s technology. These investments will support large-scale manufacturing efforts in Rotterdam and further expansion internationally.