Hysun Secures €3 Million in Funding to Advance Solar-Based Hydrogen Technology, Backed by InnoEnergy and New Partners Equinor Ventures and Axon Partners.
InnoEnergy portfolio company Hysun has closed a €3 million funding round to validate its innovative solar hydrogen technology. The funding brings in new partners Equinor Ventures and Axon Partners Group to support the deployment of a full-scale prototype. This technology aims to reduce cost barriers of green hydrogen production. Hysun positions itself to compete with traditional grey hydrogen in the industrial sector.
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Company Information
Company
Hysun
Location
11 Avenida de Cordoba
Madrid, Community Of Madrid, Spain
About
Hysun is an InnoEnergy portfolio company focused on developing solar-based hydrogen technology. The company's innovative photo-thermo-catalytic process enables the production of 100% renewable hydrogen without relying on electricity. This approach not only eliminates significant cost barriers associated with green hydrogen but also positions Hysun to compete with the dominant grey hydrogen in industrial applications. Hysun aims to contribute to the decarbonization of sectors that are hard to electrify while fostering excellence in R&D within Europe's clean energy ecosystem.
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MadridEnergyRenewable EnergySolarRenewables & Environment