Battolyser Systems, the pioneering manufacturer of the world’s first electrolyser with integrated battery functionality, has raised €30 million in Series A funding. The investment comes from Global Cleantech Capital, Innovation Industries, and Invest-NL. This new funding will support the company in scaling its operations and launching its next-generation Battolyser® technology by 2025.
The Battolyser® system offers a unique advantage with its ability to seamlessly switch on and off to match intermittent renewable energy sources. This 100% flexibility reduces the cost of producing green hydrogen while helping to alleviate grid congestion. The next-generation Battolyser® will be available as a 2.5 MW plug-and-play skid or a 5 MW module integrated with a Balance of Plant on site, offering a versatile solution for the growing hydrogen market.
Battolyser Systems CEO Mattijs Slee highlighted the company’s growth: “Over the past year, we successfully scaled our technology from an industrial pilot at RWE’s Magnum power plant in Eemshaven, The Netherlands, to a megawatt-scale demonstration unit. We are proud to have the continued support of our investors, especially with the addition of Invest-NL, which plays a key role in advancing the Dutch energy transition.”
This €30 million Series A round builds on the initial close of €15 million in July 2023, led by Global Cleantech Capital and Innovation Industries. The additional €15 million from Invest-NL in September 2024 strengthens Battolyser Systems’ financial foundation. This funding complements the €40 million financing agreement signed with the European Investment Bank (EIB) in October 2023, which marked the EIB’s first climate tech investment in a Dutch scale-up.
The combined funds will help finance the construction of Battolyser Systems’ large-scale manufacturing facility, strategically located in the Rotterdam port area—Europe’s hydrogen epicenter. The new plant will be instrumental in meeting the growing commercial demand for Battolyser’s innovative technology.
Reda Atibi, Investment Manager at Invest-NL, said, “Battolyser Systems’ unique alkaline electrolyser with battery functionality offers unrivaled characteristics that will drive the transition from grey to green hydrogen markets. Our investment aligns with our mission to accelerate the energy transition in the Netherlands and support clean technologies for a sustainable economy.”
Paul Kloppenborg, CEO of Global Cleantech Capital, emphasized the technology’s role in decarbonization: “The Battolyser unlocks the full potential of renewable energy by rapidly adjusting to fluctuating and negative power prices, maximizing hydrogen production and off-grid fuel capabilities. We are excited to see its commercial deployment next year.”
Nard Sintenie, General Partner at Innovation Industries, also praised the technology: “The nickel-iron Battolyser technology is robust, fully flexible, and highly efficient. We believe Battolyser Systems is well-positioned to capture significant market share in the green hydrogen space.”
This latest round of funding underscores the growing confidence in Battolyser Systems’ innovative approach to green hydrogen production, positioning the company at the forefront of the global energy transition.
