Reflecting on the Green+ Highlights of 2024: Energy Market Transformation, Battery Innovations, and Greentech Financing
Key Ideas
  • Renewables, particularly wind and solar, played a significant role in Dutch electricity production, reaching 53% in 2024.
  • Battery technology advancements were evident, with the price of lithium-ion batteries dropping by 20% and solid-state battery breakthroughs, enhancing energy density and safety.
  • Greentech financing was robust in the Netherlands, with startups raising substantial amounts, such as Battolyser System securing €30 million for green hydrogen production.
  • 2025 is poised to continue the momentum of green innovations, particularly in energy markets, battery technologies, and greentech financing.
As 2024 draws to a close, a reflection on the green highlights of the year showcases significant developments in the realms of energy transition, battery innovations, and greentech financing. The Dutch energy market underwent a transformative phase as renewables, led by wind and solar power, contributed 53% to electricity production. However, challenges such as grid congestion and the discontinuation of solar subsidies posed hurdles to seamless energy transition. Furthermore, the decreasing price of lithium-ion batteries, coupled with breakthroughs in solid-state battery technology, underscored the crucial role of energy storage in advancing clean energy solutions. Greentech financing flourished in 2024, with Dutch startups securing substantial investments, particularly in companies focusing on green hydrogen production, battery technologies, and carbon capture solutions. Notable funding rounds included Battolyser System, eLstar Dynamics, RIFT, Carbyon, and Textile recycler Re&Up. Public stimulus, such as the Dutch government's €148 million fund for electrolyzers, batteries, and solar panels, further supported the growth of greentech initiatives. Looking ahead to 2025, the prospects for continued progress in green innovations remain promising. Despite challenges such as the COP29 deal falling short of expectations and the potential shortfall in renewable energy capacity targets by 2030, the momentum in renewable energy adoption and greentech advancements is expected to persist. With a focus on energy market transformation, battery innovations, and greentech financing, 2025 holds promise for further sustainability efforts and green technology developments.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.