The funds will support the imminent opening and ramp-up of its next-generation catalyst and electrode factory in Paterna, in the Spanish province of Valencia. This facility will enable Matteco to produce electrodes equivalent to 1 GW per year.
Matteco plans to increase its production capacity to meet the growing demand for its advanced catalysts and electrodes from alkaline and AEM electrolyzer manufacturers worldwide.
As production scales, the company will expand its team from 30 to 100 by 2025. The investment will also fund continued innovation and optimization of production processes.
Iker Marcaide, co-founder and CEO of Matteco, said: “We look forward to this new phase of growth and scaling up with partners who strongly believe in impact investing so that together we can harness the potential of materials innovation to solve the environmental challenges we face.”
