?? Investment Announcement:?We are excited to announce that Peak Sustainability Ventures?has co-led an investment in Norway-based Hydrogen Mem-Tech, along with London-based?AP Ventures!
With Peak now holding a 10.5% stake in the company, this partnership represents a significant boost for Hydrogen Mem-Tech's mission to advance hydrogen separation technology globally. Leading climate investors including Aramco Ventures, Yara Growth Ventures and SINTEF also participated in the round.
HMT's membrane-based technology enables efficient hydrogen production from natural gas and biogas, and can be very useful for applications for petroleum companies and in steel annealing.
For Peak, it's important that we build a strong relationship with management before becoming involved in a company. Samir Shah spent significant time with Thomas Reinertsen and the team at HMT, to understand HMT's technology, determine Peak's value-add, and strategize together to have a global positive impact on decarbonization efforts.
Peak’s Managing Partner,?Samir Shah, will join HMT's board, bringing his experience in scaling global climate technologies, particularly in the rapidly growing hydrogen economy in India.
"Peak evaluated several other hydrogen companies before deciding to invest in us, which is a great testament to the potential they see in our technology. It’s exciting to see them choose a relatively small company in Trondheim, Norway as their next big investment. With Peak as one of our partners, we now have a direct line to some of the largest companies in India, opening up even more opportunities for us globally”, stated Thomas Reinertsen, CEO of?Hydrogen Mem-Tech.
Samir Shah, Managing Partner of?Peak Sustainability Ventures, commented "While we develop cost effective solutions for green hydrogen, Hydrogen Mem-Tech’s membrane-based separation technology provides an effective solution to extract hydrogen from various gas streams and green ammonia applications at a significant cost and efficiency advantage, contributing significantly to achieving global sustainability goals. We are keen to scale this technology in India and globally.”
Click on the links below to read more coverage on the investment:
Entrackr: https://lnkd.in/dEqCzcsB
Hydrogen Mem-Tech: https://lnkd.in/dTMD5xfn
Filtration Separation:?https://lnkd.in/g7nqtMzm
Hydrogen Central:?https://lnkd.in/d57qFU9b
#venturecapital #hydrogen #portfoliocompany #climateaction #startups #environment #climatechange #investing #innovation #cleantech #decarbonisation #peaksustainabilityventures
Thomas Reinertsen?|?Inge Hjelkrem?| Samir Shah |?Sanjay Nayar?|?Aakash Shah?|?Subodh Kumar I Sarah Bhot, CFA I Aadil (Adiel) Chitalwala I Ahana Advani I Rishi Rathi I Amay S. I Jai Shekhar