Hydrogen Mem-Tech, a Norway-based start-up firm, has recently secured strategic funding co-led by Peak Sustainability Ventures and London-based AP Ventures. This investment, which includes prominent investors like Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, and SINTEF, reflects the increasing interest in clean hydrogen technologies as the world transitions towards sustainable energy sources. The funding will enable Hydrogen Mem-Tech to scale its operations and build a new, larger hydrogen separation unit to accelerate green hydrogen production, with a specific focus on making these technologies viable for India's energy sector. Established in 2017, Hydrogen Mem-Tech specializes in hydrogen separation technology combined with carbon capture. The company's core innovation lies in its patented Palladium Separator technology, designed to efficiently convert bio- and natural gases into ultra-pure hydrogen. This pure hydrogen can be used in fuel cells for vehicles and various industrial applications, enhancing efficiency and purity in hydrogen production. Hydrogen Mem-Tech's membrane-based separation technology is adept at extracting hydrogen from diverse gas streams, including green ammonia applications. This innovation not only enhances cost efficiencies but also improves operational efficiency, offering industries a way to reduce their carbon footprint. The company aims to utilize ultra-pure hydrogen in heavy trucks, buses, trains, ships, and other modes of transport. The recent funding will also see the appointment of Samir Shah to Hydrogen Mem-Tech's board of directors, strengthening the company's leadership and strategic oversight. With its commitment to sustainability and innovative technology, Hydrogen Mem-Tech is well-positioned in the growing hydrogen economy, meeting the increasing demand for clean energy solutions worldwide. Peaking Sustainability Ventures, a key investor in this funding round, focuses on early-stage investments in breakthrough innovations related to new energy, water, food systems, and climate technology. The partnership with Hydrogen Mem-Tech aligns with the global emphasis on achieving sustainability goals, particularly in markets like India where there is a push towards cleaner energy sources. In conclusion, the investment in Hydrogen Mem-Tech highlights the global recognition of clean hydrogen as a pivotal solution for sustainable energy. The company's innovative technology and strategic partnerships position it as a significant player in the clean hydrogen production market, contributing to the global sustainability efforts and aiming for large-scale application of clean hydrogen technology worldwide.