AP Ventures et al. invest €17m in Hydrogenious

Tank storage company Royal Vopak led the funding round, with Mitsubishi Corporation and Covestro also participating.

The fresh capital will be used to bring additional projects to market. In addition to funding, the investors will offer their operational expertise and network to enable international distribution of renewable energies via hydrogen.

Previous funding
Mining company Anglo American Platinum invested $100m in the company in 2014. AP Ventures also invested that year.

Company
Hydrogenious was established in 2013 as a spin-out from Friedrich-Alexander-Universität Erlangen-Nürnberg. Based in Erlangen, the company builds plants for the hydrogen logistics industry and hydrogen refuelling stations based on LOHC technology. It employs 70 people.

People
AP Ventures – Andrew Hinkly (managing partner).
Vopak – Marcel van de Kar (director).
Mitsubishi Corporation – Junya Nagase (general manager).
Covestro – Dietrich Firnhaber (head of strategy, portfolio development).
Hydrogenious LOHC Technologies – Daniel Teichmann (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Industrials
• Germany
• Venture