HySiLabs Raises €13M in Series A Funding

HySiLabs, an Aix-en-Provence, France-based hydrogen transport and storage technology developer, raised 13M in Series A funding.

The round was led by Equinor Ventures, with participation from the European Innovation Council Fund, EDP Ventures, PLD Automobile, Kreaxi, Région Sud Investissement and CAAP Création.

The company intends to use the funds to support the continued development of its technology.

Founded in 2015 by Pierre-Emmanuel Casanova (CBO) and Vincent Lôme PhD (CSO) and led by Corine Dubruel, President and CEO, HySiLabs is developing a unique process for locking hydrogen molecules into a silica-based liquid carrier, where the hydrogen can be released on demand. Early tests have shown that the carrier is stable and could be safely transported and stored in existing infrastructure at ambient pressure and temperature conditions.

The company works on several industrial pilots, including H2Gate together with the Port of Amsterdam (storing hydrogen at industrial scale) and QualifHY together with Helion Hydrogen Power (coupling of HySiLabs’ solution with fuel cells). Also, HySiLabs have recently signed an MoU with Vinci Geostock to test underground storage of hydrogen.

FinSMEs

02/02/2023