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Exolum invests in green hydrogen start-up H2Vector

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Picture of Meenal Datar

Meenal Datar

Membership specialist
Exolum tanks

Exolum is taking another step forward in its decarbonisation and diversification strategy by becoming a shareholder of H2Vector – a technology start-up, based in Asturias, Spain. H2Vector aims to provide energy solutions to enable the decarbonisation and electrification of society, based on renewable hydrogen. The company is conducting research into new forms of storage and transportation of green hydrogen based on the use of organic liquids, a field that coincides with one of the strategic lines of Exolum.

The investment in H2Vector is part of an ambitious Open Innovation plan through which Exolum seeks to establish strategic agreements that will enable it to incorporate new technologies and new talent in its business areas related to decarbonisation.

The company is investing in and cooperating with emerging companies from around the world that offer proposals to add differential value and provide innovative solutions in projects linked to the development of new energy vectors such as renewable hydrogen, biofuels and synthetic fuels, energy storage, sustainable mobility and the circular economy.

For Andrés Suarez, Exolum’s global strategy and innovation lead, this agreement represents: ‘another step forward in Exolum’s strategy to be a relevant player in the development of new energy vectors, and an opportunity to support Spain’s entrepreneurial ecosystem and specifically a young team set on transforming the energy business with whom we can develop new competences.’

Miguelangel Ocando, CEO of H2Vector says: ‘The investment by Exolum will allow us to accelerate our technological developments and to attain greater visibility in the green hydrogen energy sector. We are especially pleased to have established this relationship with an industrial partner that has a recognised track record, and with which we share values, mission and objectives.’

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