Australian Hydrogen Storage startup Endua lands huge investment in pre-series round, backed my major players in green hydrogen market.
Here’s a post from ACAPMAg that dials in the following:
- Ampol-backed startup Endua secures $7.5m in pre-series funding round.
- The funding is part of a program with a minimum 50% impact target, investing in companies with a significant impact on the clean energy transition.
- For every $1 million raised, it will be invested back into individual companies in various sectors including engineering, construction, mining, agriculture, technology, and energy.
Endua’s hydrogen power banks are of great potential for its unique features, capable of turning the tide in the hydrogen storage market.
Key Features of Endua’s Hydrogen Power Bank
- Power Capacity: Each hydrogen power bank has a capacity of 100 kW per unit, providing sufficient energy to power applications such as water pumps, farm sheds, or telecommunications infrastructure.
- On-Site Hydrogen Generation: The power bank utilizes a polymer electrolyte membrane (PEM) electrolyzer, developed by CSIRO, to convert renewable energy into hydrogen. This process involves splitting water molecules to produce hydrogen gas, which is then stored for later use.
- Modular and Scalable Design: The hydrogen power bank features a modular design, allowing it to be easily scaled according to specific energy demands. This flexibility makes it suitable for various applications, including microgrids and off-grid systems.
- Renewable Energy Integration: The system is designed to operate using renewable energy sources, such as solar or wind, which enhances its sustainability and reduces reliance on fossil fuels.
- Compressed Hydrogen Storage: The produced hydrogen is compressed and stored as a gas, enabling efficient storage and easy conversion back to electricity when needed through an internal fuel cell.
- Cost-Effective Alternative: Endua’s hydrogen power bank aims to replace diesel generators in remote and regional areas, offering a more cost-effective and environmentally friendly long-term solution for energy generation.
The first hydrogen power bank is located at Endua’s headquarters in Archerfield, Brisbane, serving as a testing platform to refine the technology before commercialization.
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