- Battolyser Systems signs €40 million financing agreement with European Investment Bank, aimed at scaling up and commercialising its Battolyser® 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. Combined it helps to integrate renewable energy sources such as solar and wind into the net-zero energy system of the future.
- The agreement was made possible with the support of the InvestEU programme, which helps to mobilise investment in support of EU policy priorities, such as the green transition.
Netherlands: €40 million European backing for Dutch hydrogen innovator Battolyser Systems (eib.org)