€40 Million EIB funding boosts Battolyser® production capacity

Rotterdam, 12th Oct 2023

Photo credits go to Rick Wink Photography

Battolyser Systems CEO Mattijs Slee said: "To fulfil the Green Deal and deliver on net zero we need scalable hydrogen solutions for the entire range of industry. Sustainable, low-cost, truly green hydrogen, grid-friendly and ’made in Europe’ – Battolyser Systems delivers all of this."

The Battolyser technology is the only hydrogen solution in the market that can truly match the intermittency of renewable energy sources like wind and solar. This innovation enables both large industrial players and small and medium businesses to deploy green hydrogen to decarbonise their operations, thereby contributing directly to the objectives of the European Green Deal.

“This technology has the potential to really change how we manage our energy.” added EIB Vice-President Kris Peeters. “Nowadays, solar panels and wind parks are sometimes shut down or throttled to avoid overproduction that cannot be stored anywhere. With the Battolyser, excess energy can be stored or converted into green hydrogen, thus reducing what is called the cost of ‘missed energy’ in our grid.”

Compared to conventional electrolysers, the Battolyser has the unique ability to safely switch on and off instantly. This means that customers can produce affordable green hydrogen when power prices are beneficial or when renewable power is available. A Battolyser is fully flexible, but also state-of-the-art, efficient and sustainable – using only abundantly available and easy to recycle (no PFAS) materials. As a result, Battolyser can be deployed at the full scale of the energy transition to meet Europe’s net-zero targets.

Battolyser products can be used in across many industries and verticals including but not limited to; energy and utility groups, oil and gas refineries, chemical and steel refineries, mobility and fertilizer companies. A new Battolyser® 500 system series was recently announced offering a 5MW modular solution that can be installed as early as end 2024.

About

Battolyser Systems is a Dutch climate tech scale-up that develops and manufactures Battolysers®, the world’s first integrated battery electrolyser system that stores and supplies electricity as a battery and, when charged, splits water into hydrogen and oxygen as an electrolyser.

The technology was invented by Prof. Dr. Fokko Mulder and his research group at Delft University of Technology. Battolyser Systems was subsequently founded in 2018 as a spin-out from the university and set for growth in 2020 following investment by Koolen Industries. CEO Mattijs Slee was appointed as the first employee in 2021. Innovation Industries and Global Cleantech Capital recently invested in the company, which now has approximately 75 team members, with plans to grow to 100 full-time employees by the end of 2023.

Battolyser Systems signs €40 million financing agreement with European Investment Bank, aimed at commercialising and scaling production capacity of its Battolyser® product range.

The Battolyser® technology provides a fully flexible, efficient and scalable integrated battery and electrolyser solution: as an electrolyser, it produces affordable green hydrogen when power prices are beneficial. As a battery, it provides clean back-up power and offers trading opportunities when grid-connected. Combined it helps to integrate renewable energy sources such as solar and wind into the net-zero energy system of the future.

 The financing will enable the company to scale its production facility in Rotterdam towards mass production of its combined electricity storage and electrolyser stack system. The technology is currently operational at the RWE Magnum power plant and commercial deployment is scheduled for 2024.