€40 million European backing for Dutch hydrogen innovator

Backed by a guarantee from the InvestEU Fund, the European Investment Bank has signed a €40 million financing deal with Dutch climate tech scale-up Battolyser Systems. 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 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, says: ‘To fulfil the Green Deal and deliver on net zero we need scalable hydrogen solutions for the entire range of […]

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