Yara Growth Ventures has announced an investment in Dynelectro, a pioneering firm revolutionizing electrolysis technology to enhance the production of renewable hydrogen and e-fuels affordably. This strategic investment aligns with Yara’s goal of reducing carbon emissions in fertilizer production and fostering the hydrogen economy. Dynelectro has made significant advances in solid oxide electrolysis (SOE) technology, extending the operational lifespan of SOE systems from the standard two years to an impressive ten years, while facilitating compatibility with fluctuating renewable energy sources.
Björn Heinz, Investment Director at Yara Growth Ventures, emphasizes the importance of Dynelectro’s innovation in overcoming the longevity challenges of SOE systems, marking a crucial step towards accessible renewable hydrogen. This collaboration underscores Yara’s commitment to decarbonizing the fertilizer supply chain as a critical component of sustainable global food production.
Dynelectro’s CEO, Sune Lilbæk, highlights the investment as a pivotal achievement, marking the company’s transition to market viability and innovation in clean, sustainable technologies. The financial backing from Yara Growth Ventures follows a successful seed funding round, showcasing broad support for Dynelectro’s mission to develop and demonstrate key projects that promise to reshape the future of renewable hydrogen production.
