Hydrogen Mem-Tech, a Norway-based pioneer in hydrogen separation technology, has announced a strategic investment round co-led by Peak Sustainability Ventures and London-based AP Ventures. This funding provides Peak with a 10.5% ownership stake in the company, marking a key partnership for Hydrogen Mem-Tech’s ambitious global expansion and commitment to advancing sustainable energy solutions.
Backed by renowned climate investors, including Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, and SINTEF, Hydrogen Mem-Tech is positioned at the forefront of green energy innovation. The funds raised in this round will be allocated to scaling operations, developing a new hydrogen separation unit with five times the current capacity, and accelerating green hydrogen production worldwide. Special emphasis will be placed on adapting the technology for India’s rapidly evolving energy sector.
Founded in 2017, Hydrogen Mem-Tech has developed state-of-the-art technology integrated with carbon capture to facilitate the green transition. The company’s flagship product, Palladium Separators, is a patented system that transforms bio- and natural gases into ultra-pure hydrogen. This hydrogen is suitable for various applications, such as fuel cells in vehicles, heavy trucks, buses, trains, and ships, as well as for industrial uses.
The company’s innovative membrane-based separation technology efficiently extracts hydrogen from diverse gas streams, including green ammonia, offering significant cost and efficiency benefits. This advancement is poised to play a pivotal role in achieving global sustainability targets.
In a significant development, Samir Shah will join Hydrogen Mem-Tech’s board of directors, bringing valuable insights and strategic guidance.
Peak Sustainability Ventures, a venture capital fund focused on sustainability-driven innovations, aims to support groundbreaking advancements in areas such as new energy, water, food systems, and climate technology. Its diverse portfolio includes companies like Indra Water, SustLabs, and Proeon, underscoring its dedication to creating a sustainable future.
With this strategic investment, Hydrogen Mem-Tech is well-positioned to scale its operations, foster global adoption of green hydrogen, and contribute significantly to a sustainable energy future.
