Mattijs Slee, CEO of Battolyser Systems said: “Over the last year we scaled our technology from a successful industrial pilot at RWE’s Magnum power plant in Eemshaven, The Netherlands, to a MW-scale demonstration unit. We are proud to receive the continuous support of our existing investors with deep and cleantech expertise whilst adding Invest-NL, the Dutch National.Promotional Institution, which plays a crucial role in the Dutch energy transition.

”Global Cleantech Capital and Innovation Industries completed a first close of the Series A round of €15 million in July 2023 and further increased their investment in a second close of an additional €15 million with Invest-NL in September 2024.

The Series A funding complements the €40 million financing agreement signed with the European Investment Bank (EIB) in October 2023. Battolyser Systems was the first Dutch climate tech scale- up investment of the EIB. The Series A and EIB funding will significantly contribute to the financing of Battolyser Systems’ large-scale manufacturing facility to meet commercial demand, and will be located in the Rotterdam port area, the hydrogen epicentre of Europe. Reda Atibi, Investment Manager, Invest-NL said: “We believe that Battolyser Systems’ unique alkaline electrolyser with battery functionality has incomparable characteristics that will contribute to the transition from grey to green hydrogen markets. Our investment in Battolyser Systems is a strategic step in our mission to accelerate the energy transition in the Netherlands and support clean technologies that contribute to a future-proof economy. We look forward to working with Battolyser Systems to accelerate their growth and mission.”