A step towards sending our #ArtificialTrees to #Mars 🚀 We are extremely excited to be the winner of the Mars Habitat Challenge 2022!
Thanks to the organizers Michael KompatscherHan AdmiraalStefan Steiner and we look forward to working together with Hagerbach Test Gallery (VersuchsStollen Hagerbach AG) and Amberg Group for an exciting showcase and further deployment.
Updated: Jan 31, 2022
A la fois moyen de stocker l’électricité et d’alimenter des transports propres, l’hydrogène produit avec des sources d’énergie renouvelable — baptisé hydrogène vert — s’impose de plus en plus comme une clef de la transition énergétique. Reste qu’il est pour l’essentiel (96%) produit aujourd’hui à partir d’énergies fossiles au terme d’un processus de trois à six fois moins cher que celui qui permet la création d’hydrogène vert. Spin-off du laboratoire des énergies renouvelables de l’EPFL, SoHHytec vient de lever deux millions de dollars pour faire progresser sa technologie de concentrateur solaire destiné à diviser d’un facteur trois le prix de de Graal énergétique.
Pourquoi ce n’est qu’une piste. On assiste peut-être à un moment-charnière, qui voit la différence entre les coûts de production de l’hydrogène vert et ceux de l’hydrogène gris s’amenuiser. Vis-à-vis de ses concurrents américains, SoHHytec parvient à diviser le prix de l’hydrogène vert en récupérant la chaleur, en valorisant l’oxygène pour des applications industrielles et en économisant sur les matériaux.
Updated: Jan 22, 2022
Lausanne, Switzerland, 20th January 2022 – SoHHytec SA, a Swiss cleantech startup with unique technology for green hydrogen production, announces that it has successfully raised USD 2 Million in seed round financing led by Singapore based Fund for Sustainability and Energy (FUND4SE PTE LTD). This seed round will enable product development and deployment for the industrial use case.
SoHHytec’s technology enables decentralized production of Hydrogen, along with oxygen, electricity and heat, without any CO2 emissions and with unprecedented solar-to-hydrogen conversion efficiency. The technology is a result of more than eight years of extensive research and development and is now ready to be applied to industrial use. SoHHytec has already won several entrepreneurship awards and previously secured a total of ~1.6 M USD in non-dilutive funding which fueled the development of its artificial tree ‘Arb’ system. This seed financing provides further support to expedite industrial deployment, and for the commercialization and industrialization of SoHHytec’s products.
Dr. Saurabh Tembhurne, Founder and CEO, SoHHytec said: “We are proud and excited to have FUND4SE, who shares our vision and values, onboard our journey of making sustainable fuels a reality of today. The capital raise enables us to deploy our systems and enter targeted markets. Beyond monetary support, we look forward to working together to achieve unprecedented impact and make the world more sustainable.”
Denis Muratov, Managing Partner, FUND4SE expressed: “We are incredibly excited to invest into SoHHytec at this pivotal moment in their growth, and at a critical time for the development of green hydrogen technologies, particularly with our focus on clean transportation, which can only be achieved with affordable and renewable hydrogen. We are proud to support SoHHytec on our joint mission to decarbonize the global economy.”
Prof. Sophia Haussener, Co-founder and Scientific Advisor, SoHHytec commented: “We are entering an attractive partnership with FUND4SE that will enable the large-scale demonstration and deployment of our co-generation technology targeted for industrial customers. Getting connected with Fund4SE’s network will initiate unique opportunities to revolutionize the energy and hydrogen commodity market.”
ABOUT SOHHYTEC SA
SoHHytec provides artificial trees for the onsite and cost-effective production of solar hydrogen while co-generating oxygen, electricity and heat. SoHHytec's product 'Arb' is a fully automated, plug and play system for solar fuel and power production with best-in-class efficiency, durability, and cost-effectiveness requiring minimal maintenance. SoHHytec’s innovative patented technology is based on a novel integrated photo-electrochemical device working with concentrated solar irradiation.
ABOUT FUND4SE PTE LTD
Fund for Sustainability and Energy (FUND4SE) is a venture capital and alternative investments fund focused on investing in unique sustainability and energy efficiency technologies. FUND4SE’s deep and diverse industry knowledge enables it to shepherd product development from inception to completion. FUND4SE provides support and expertise, including production scale optimization, increasing manufacturing capabilities and reducing costs.
SoHHytec SA
EPFL Innovation Park
Bâtiment C, 1015 Lausanne, Switzerland
info@sohhytec.com www.sohhytec.com
