Battolyser Systems secures EIB financing to bring its hybrid technology to market

Dutch green tech scale-up Battolyser Systems has signed a €40 million financing deal with the European Investment Bank (EIB). The financing will enable the company to scale its production facility in Rotterdam towards mass production of its combined electricity storage and electrolyser stack system.

The Battolyser® technology provides a fully flexible, efficient and scalable integrated battery and electrolyser solution. As an electrolyser, it produces affordable green hydrogen when power prices are beneficial. As a battery, it provides clean back-up power and offers trading opportunities when grid-connected. The Battolyser uses only abundantly available and easy-to-recycle materials.

The Battolyser® technology is currently operational at a large-scale industrial gas power plant in the Netherlands and its commercial deployment is scheduled for 2024.

Battolyser Systems CEO Mattijs Slee said: “To fulfil the Green Deal and deliver on net zero we need scalable hydrogen solutions for the entire range of industry. Sustainable, low-cost, truly green hydrogen, grid-friendly and ’made in Europe’ — Battolyser Systems delivers all of this.”

The Battolyser® technology enables both large industrial players and small and medium businesses to deploy green hydrogen to decarbonise their operations, thereby contributing directly to the objectives of the European Green Deal. The InvestEU programme that supports this EIB investment aims to mobilise over €372 billion in additional investment for EU policy priorities over the 2021–27 period. The operation also underlines the EIB’s commitment to support Europe’s state-of-the-art manufacturing capacity in net-zero technologies and solutions.

Paolo Gentiloni, Commissioner for Economy, said: “A successful green transition requires sustained investment and InvestEU has a key role to play in supporting that. By helping innovative firms gain access to the finance they need, we can ensure that Europe remains at the forefront of developing the advanced technologies we need for a green and sustainable future.”

“This technology has the potential to really change how we manage our energy,” added EIB Vice-President Kris Peeters. “Nowadays, solar panels and wind parks are sometimes shut down or throttled to avoid overproduction that cannot be stored anywhere. With the Battolyser, excess energy can be stored or converted into green hydrogen, thus reducing what is called the cost of ‘missed energy’ in our grid.”

HTW Editorial Team

HTW Editorial Team

News brought to you by our editorial team. We are a knowledge platform – driving technology to the global hydrogen community. If you wish to contribute your press, please contact us.