Dutch Innovations Secure Millions in Funding for Green Technologies
Key Ideas
- Battolyser secures €30 million to scale its innovative hydrogen battery technology, aiming to reduce green hydrogen costs and grid congestion by 2025.
- Carbyon receives €15 million to demonstrate its Direct Air Capture technology, enabling efficient CO2 extraction from the atmosphere with reduced costs.
- 20Face, specializing in privacy-proof facial recognition, raises 1.3 million euros to expand into new markets and advance its technology.
- Lightyear's €10 million investment propels its solar technology development, targeting significant carbon emission reductions and commercial production by 2026-2027.
Several Dutch companies have secured significant investments to advance their innovative technologies. Battolyser Systems, a startup, raised €30 million to scale its unique hydrogen battery technology, set to reduce green hydrogen costs and grid congestion by 2025. Carbyon secured €15.3 million to demonstrate its Direct Air Capture (DAC) technology, allowing efficient CO2 extraction from the atmosphere. 20Face, specializing in privacy recognition technology, received 1.3 million euros to expand its market reach. Lightyear, focusing on solar technology for cars, raised €10 million to drive significant reductions in carbon emissions and move towards commercial production in 2026-2027. Additionally, Engaige, an AI startup in Rotterdam, received €1 million in seed funding to enhance its customer service automation.