Dynelectro, a Danish sustainable energy solutions company, has successfully raised €11 million to advance its dynamic electrolyzer unit (DEU) technology. This investment, led by various funds and ventures including the Export & Import Fund of Denmark, aims to develop and deploy 1-MW electrolyzer units at European Energy's renewable energy facility in Denmark. Supported by €9 million from the European Innovation Council and Danish Energy Technology Development and Demonstration Program, Dynelectro plans to scale up its DEUs to commercial-scale 1-MW units. The company's technology focuses on solid oxide electrolysis (SOE) to produce hydrogen efficiently, utilize industrial waste heat, and support decarbonization in hard-to-abate sectors. Dynelectro's AC:DC technology addresses the short lifespan issue of SOE, extending it from 2 years to 10 years, thereby making it more cost-effective. The CEO of Dynelectro expressed excitement for the company's growth and contributions to sustainable energy, while a partner at EIFO Investment highlighted how Dynelectro's innovations strengthen Europe's position in Power-to-X technologies. The completion of the first 1-MW unit installation is expected in the first half of 2025, marking a significant milestone in the advancement of electrolyzer technology for sustainable energy production.