EODev (Energy Observer Developments), a Saint-Malo, France-based hydrogen tech company, closed a €20m first round of funding.
Backers included the Accor Group, Thélem Assurances, and the Monnoyeur Group.
The company intends to use the funds to accelerate the industrialization and commercialization of its solutions developed around the latest hydrogen technologies.
Thanks to a seed round mid-2019, EODev was able to set up its operational structure, to sign its first strategic agreements and contracts, and to finance and design prototypes.
EODev is a subsidiary of the Energy Observer Group. Its products and solutions are based on the smart and optimized use of energy mixes combining different renewable energy sources and hydrogen as a storage means. The company also offers energy mix optimization services with its Energy Consulting Department: Energy Designer.
Its products address the entire energy chain:
- medium-power hydrogen power generators (GEH2®);
- on-board hydrogen energy systems (REXH2®) for maritime and river use (propulsion and hotel load), and
- mobile floating hydrogen refueling stations (STSH2) for the production and distribution of green hydrogen.