{"id":49190,"date":"2024-07-12T08:35:38","date_gmt":"2024-07-12T07:35:38","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=49190"},"modified":"2024-07-12T08:35:38","modified_gmt":"2024-07-12T07:35:38","slug":"dynelectro-secures-e11m-for-green-hydrogen-technology","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/dynelectro-secures-e11m-for-green-hydrogen-technology\/49190\/","title":{"rendered":"Dynelectro secures \u20ac11m investment for green hydrogen technology"},"content":{"rendered":"
This funding will facilitate the development of Dynelectro’s innovative 1-MW Dynamic Electrolyser Unit (DEU), aimed at expanding its reach in the green hydrogen market.<\/p>\n
The investment is further complemented by \u20ac9m in grants from the European Innovation Council and the Danish Energy Technology Development and Demonstration Program (EUDP), alongside other regional programmes.<\/p>\n
These funds will be used to transition Dynelectro’s DEUs from 150-kW prototypes to fully modular 1-MW commercial-scale units.<\/p>\n
Dynelectro’s next-generation solid-oxide electrolysis (SOE) technology stands out for its exceptional system performance and longevity.<\/p>\n
SOE plays a crucial role in decarbonising hard-to-abate sectors by efficiently producing hydrogen and utilising industrial waste heat.<\/p>\n
The green hydrogen technology supports heavy industries and chemical production by providing on-site hydrogen, thereby reducing emissions and facilitating the production of synthetic fuels.<\/p>\n
This technology is expected to revolutionise the energy sector by improving energy efficiency, reducing costs, and enhancing the integration of renewable energy.<\/p>\n
Christian Winther, Partner at EIFO Investment, expressed his optimism about Dynelectro’s potential: “Dynelectro is an exemplary example of a company that has developed sustainable solutions with venture capital that we need both in Denmark and worldwide.<\/p>\n