Battolyser Systems funding news – Dutch-based Battolyser Systems Secures €30Million in Series A Round Funding

The company will use the funding to scale its operations and bring to market its next-generation electrolyser in 2025. The Battolyser® technology can switch on and off following intermittent renewable energy. With its 100% flexibility, it unlocks new business models, reducing the cost of green hydrogen and alleviating grid congestion. The next-generation Battolyser is offered as a 2.5MW plug-and-play skid and 5MW modules that are integrated with a Balance of Plant on site.

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Mattijs Slee, CEO of Battolyser Systems said: “Over the last year we scaled our technology from a successful industrial pilot at RWE’s Magnum power plant in Eemshaven, The Netherlands, to a MW-scale demonstration unit. We are proud to receive the continuous support of our existing investors with deep and cleantech expertise whilst adding Invest-NL, the Dutch National.Promotional Institution, which plays a crucial role in the Dutch energy transition.

The Series A funding complements the €40 million financing agreement signed with the European Investment Bank (EIB) in October 2023. Battolyser Systems was the first Dutch climate tech scale- up investment of the EIB. The Series A and EIB funding will significantly contribute to the financing of Battolyser Systems’ large-scale manufacturing facility to meet commercial demand, and will be located in the Rotterdam port area, the hydrogen epicentre of Europe.

Reda Atibi, Investment Manager, Invest-NL said: “We believe that Battolyser Systems’ unique alkaline electrolyser with battery functionality has incomparable characteristics that will contribute to the transition from grey to green hydrogen markets. Our investment in Battolyser Systems is a strategic step in our mission to accelerate the energy transition in the Netherlands and support clean technologies that contribute to a future-proof economy. We look forward to working with Battolyser Systems to accelerate their growth and mission.”

Paul Kloppenborg, CEO, Global Cleantech Capital said: “The Battolyser unlocks the full potential of renewable energy and maximizing hydrogen production asset performance by rapidly adjusting to volatile and increasingly frequent negative power prices. This flexibility is a key solution to decarbonize industry, but also to produce off-grid fuels. We are excited to see their commercial deployment next year and the growth that will follow.

Nard Sintenie, General Partner, Innovation Industries said: “The patented nickel-iron Battolyser technology has fundamental advantages. It is inherently robust, 100% flexible, and has industry- leading efficiencies. We believe the company is well positioned to win in most sectors of the large hydrogen addressable market.”

About Battolyser Systems

Battolyser Systems develop and manufacture an integrated battery and electrolyser called 'Battolyser' that can store electricity and produce hydrogen from renewable power to balance societal demand. Get in touch if you want to contribute to the energy transition and you have relevant skills, are motivated and want to help build a fast-growing company.