Hydrogenious to scale and commercialize its LOHC technology

Hydrogenious LOHC Technologies has raised an additional €50 million to scale and commercialize its technology. The company said its technology provides a safe, low cost means of bulk hydrogen storage and transportation.

Hydrogenious’ Liquid Organic Hydrogen Carrier (LOHC) technology bonds hydrogen to a nontoxic, non-flammable liquid, making it suitable for safe, efficient transportation and distribution. As the hydrogen can then be stored and transported using existing fossil fuel infrastructure, it allows hydrogen to be generated and transported at scale, anywhere in the world.

Proceeds will be used to deploy commercial systems into landmark hydrogen projects in Europe, the Middle East, and locations around the globe including APAC and Americas. 

In addition to the additional funding, Hydrogenious LOHC Technologies will continue to drive the industrialization and scale up of its StoragePlant and ReleasePlant systems to match the huge demand for green hydrogen for large-scale industrial projects. The company will also further expand the use of LOHC as an on-board fuel in maritime applications, an activity recently initiated in the Norwegian Joint Venture ‘Hydrogenious LOHC Maritime AS’.