Wire and coating technologies company, Bekaert, has made a Series-B investment into US-based start-up, hydrogen and fuel cell catalyst manufacturer Pajarito Powder.
It is hoped Bekaert’s investment will aid Pajarito’s work to improve the performance and cost-efficiency of fuel cell and electrolyser stacks, critical to reducing its costs and improving the financial argument for the global scale-up of hydrogen as a key energy source.
By investing in Pajarito, Bekaert increases its participation in the hydrogen industry and hopes to accelerate the growth of the hydrogen ecosystem, building off the announcement in April (2022), that it had joined a consortium aimed at developing next generation electrolysers.
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