A consortium of companies are investing €17m in a German firm developing a sustainable technology for storing hydrogen.
Hydrogenious LOHC Technologies was established in 2013 as a spin-off of Friedrich-Alexander-Universität Erlangen-Nürnberg with the aim of developing liquid organic hydrogen carrier (LOHC) technology.
Along with its investors – Royal Vopak, Mitsubishi Corporation, Covestro and AP Ventures, Hydrogenious LOHC Technologies is committed to developing the LOHC technology as an essential component of the international hydrogen infrastructure.
CEO Daniel Teichmann said, “We warmly welcome our new investors and are very excited to work with them as strategic partners who share our vision of a LOHC-based worldwide hydrogen infrastructure.”
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