Avoxt Revolutionizing Hydrogen Production with Innovative Electrolyser Technology
Key Ideas
- Avoxt, a Dutch startup based in Groningen and Eindhoven, secures investment from Future Tech Ventures, NOM, and Brabant Startup Fund, totaling over €1M.
- The company's membrane-free electrolyser technology enhances efficiency, safety, and cost-effectiveness of hydrogen production, contributing to global energy transition goals.
- Investors see Avoxt as aligning with Sustainable Development Goals (SDGs) and playing a crucial role in accelerating the energy transition towards green hydrogen.
- Avoxt's innovative technology aims to meet the growing demand for efficient and cost-effective electrolysers in the chemical industry by 2030, supporting the shift towards green hydrogen production.
Avoxt, a Dutch startup with bases in Groningen and Eindhoven, has attracted investments from Future Tech Ventures, NOM, and the Brabant Startup Fund. While the funding amount remains undisclosed, the company has raised over €1M, including a Rabo Innovation Loan. Avoxt's new membrane-free electrolyser technology is designed to enhance the efficiency, safety, and cost-effectiveness of hydrogen production, aligning with global efforts in the energy transition. This innovative approach offers a solution to the challenges of reducing CO2 emissions and decreasing reliance on fossil fuels. The company's technology, developed at HighTechXL in Eindhoven, differentiates itself by eliminating membranes in electrolysers, which improves safety, scalability, and cost-efficiency. By aiming to meet the 40% green hydrogen target in the chemical industry by 2030, Avoxt's technology not only addresses market demands but also contributes to making green hydrogen a reality. Investors like Future Tech Ventures and the Brabant Startup Fund see Avoxt as a key player in advancing Sustainable Development Goals and accelerating the energy transition towards a more sustainable future.
Topics
Production
Technology
Innovation
Sustainability
Investment
Energy Transition
Startup
Electrolyser
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