Hydrogen Mem-Tech, a leading innovator in hydrogen separation technology, has secured a significant investment co-led by Peak Sustainability Ventures and AP Ventures, based in London. This funding deal grants Peak a 10.5% equity stake in the company, marking an important step in supporting Hydrogen Mem-Tech’s mission to revolutionize the production of clean hydrogen worldwide.
The Norway-headquartered startup, which is backed by major climate-conscious investors such as Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, and SINTEF, will utilize this new capital to scale its operations. The focus will be on developing an enhanced hydrogen separation unit capable of producing five times the current output, alongside accelerating the global production of green hydrogen, particularly targeting India’s energy market.
Hydrogen Mem-Tech, founded in 2017, specializes in cutting-edge hydrogen separation technology integrated with carbon capture. The company’s flagship innovation, Palladium Separators, is a patented system that transforms bio- and natural gas into high-purity hydrogen. This technology is key to various applications, including fueling vehicles and industrial processes such as heavy trucks, buses, trains, and ships.
As part of the deal, Samir Shah will be joining the board of directors of Hydrogen Mem-Tech. The company’s membrane-based separation process provides a highly efficient solution for extracting hydrogen from a wide range of gas streams and green ammonia, offering substantial cost-effectiveness and efficiency improvements. Hydrogen Mem-Tech’s breakthrough technology is expected to play a vital role in advancing global sustainability goals.
Peak Sustainability Ventures, known for its investment focus on pioneering solutions in energy, water, food systems, and climate tech, has a portfolio that includes innovative companies like Indra Water, SustLabs, and Proeon.