Netherlands-based Battolyser Systems has signed a €40M financing agreement with the European Investment Bank. The EIB has signed this deal with the support from the InvestEU programme. This funding will support the scale-up and commercialisation of its Battolyser technology.
Battolyser Systems develops and manufactures ‘Battolyser’, an integrated solution that stores electricity and produces hydrogen from renewable sources. This technology balances societal energy demand by storing excess electricity and generating hydrogen when needed.