HomeSouth KoreaH2 Raises $16M in Bridge Funding

H2 Raises $16M in Bridge Funding

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H2, a Seoul, South Korea-based vanadium flow battery (VFB) developer and manufacturer, raised $16M in Bridge funding.

The round, which brought the total amount to $77M, was led by STIC Investments, with participation from KRUN Ventures and Lighthouse Combined Investment.

The company intends to use the funds to expand its manufacturing capacity to 1.2 GWh per annum.

Led by CEO and Founder Dr. Shin Han, H2 is an energy storage company specialized in vanadium redox flow battery which is an optimal solution especially for large-scale and long-duration energy storage. It provides three flagship VFB products: the EnerFLOWTM 500 series, optimized for 4-hour energy storage applications, and the EnerFLOWTM 600 series, engineered for applications lasting 8 hours or more, which incorporates its proprietary HYPERSTRUCTURETM technology, reducing system footprint.

The first EnerFLOWTM640 units are scheduled to be deployed in Spain’s largest 8.8 MWh VFB project, with installation planned for mid-2025.

In addition to the EnerFLOWTM series, the plant will support the mass production of UL-certified, high-performance 5000-series VFB stacks based on H2’s proprietary design.

FinSMEs

22/01/2025

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