Enapter Secures Financing of EUR 25 Million to Fulfil Production Orders
The green hydrogen production company has secured a two-year EUR 25 million bearer bond with Patrimonium Middle Market Debt Fund.
March 03, 2023. By Anurima Mondal
With a term of two years, the financing is an important step for the company to enable the implementation of the planned production orders.
Known as an Anion Exchange Membrane (AEM), the process involves a semipermeable material comprising ionised conducting and electrically neutral units, which work together to separate hydrogen and oxygen into different electrodes. The company makes use of software-controlled modular technology with each electrolyser unit and enables it to be scaled as per the desired energy output.
International Energy Agency (IEA) says that substituting fossil-derived hydrogen for green methods could prevent CO2 emissions of 830 million tonnes but constructing and running the electrolysers is expensive. The energy agency further adds that renewable energy of around 3,000 TWh/year is required to displace conventional supplies.
Being a renewable energy source, a huge demand for Enapter's AEM technology is anticipated in Europe. Earlier this year, Enapter was selected by companies in France and Taiwan to supply electrolyser units.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix