Matteco, a company based in Spain, has successfully secured a €15m Series A investment round to bolster the production of its hydrogen electrolyser catalysts and electrodes. The investment, supported by Grupo ASV, Napil, and Zubi, will facilitate the establishment of a new catalyst and electrode factory in Valencia. This factory is expected to have a significant output, producing the equivalent of 1GW of electrodes per year. Without relying on platinum group metals (PGMs), Matteco's material is targeted towards alkaline and AEM electrolysers, with the goal of enhancing system efficiency by up to 30% by increasing current densities and extending lifetimes. Matteco, under the leadership of co-founder and CEO Iker Marcaide, plans to rapidly scale up its operations, with intentions to increase its team size from 30 to 100 employees by the following year. The company aims to allocate the capital towards driving further innovation, optimizing production processes, and addressing environmental issues through impactful material innovations. The company's growth trajectory and strategic partnerships underscore a positive sentiment towards leveraging materials innovation to combat environmental challenges. Matteco's journey began in Zubi Group's Zubi Labs and has continuously evolved since its launch last November. In a notable collaboration, Matteco partnered with electrolyser OEM Ariema Enerxía to supply materials for alkaline electrolyser systems. The company's progress signifies a promising step forward in the realm of green hydrogen production and signifies a commitment to sustainable solutions within the industry.