A leader in the green energy space, GenCell Energy has announced a substantial investment in the company of around $14.3m to accelerate its hydrogen applications.
The funding has come from a group of investors led by one of the world’s leading banking groups BNP Paribas through its investment arm BNP Paribas Energy Transition Fund.
GenCell Energy is working around the clock to develop innovative alkaline fuel cell solutions that offer affordable, clean back-up and off-grid power for humanity to render diesel generators obsolete with the investment set to support this aim.
The investment group has been led by Tennison Securities with TDK Ventures and BNP Paribas Energy Transition Fund each contributing to the total investment sum.
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