Hymeth, a Nordic cleantech company focused on green hydrogen production, has raised €3.7 million to support the commercial rollout of its alkaline electrolysis technology. The funding round was led by Thisbe AB, a wholly owned subsidiary of FAM, and included participation from most existing shareholders. Hymeth develops modular alkaline electrolysers designed to produce hydrogen with high energy efficiency—verified at 84% (HHV)—without relying on rare or expensive materials. The investment will enable the company to deploy its initial 25kW systems in the field, advance the development of a 250kW version for industrial applications, and expand its team and partnerships across the energy and utility sectors.
Rooted in the Nordic innovation ecosystem, Hymeth’s patented alkaline electrolysis platform is engineered to unlock affordable, scalable green hydrogen production — by an externally verified 84% (HHV) efficiency, without relying on scarce or expensive materials. The company’s initial 25kW system is already prepared for field deployment and 250kW units will be developed to provide for fossil free replacement in industrial sectors and a multitude of energy nodes where security of supply is increasingly important.
The Chairman of Hymeth’s Board Torkel Elgh emphasized: “We are taking a vital step to scale-up the Hymeth electrolysers catering for the global demand for highly efficient green hydrogen production. Hymeth is in a good position and welcome our new strong lead investor with industrial and commercial acumen, long-term commitment as well as devotion to commercialising new technologies and building industries. It is very motivating to embark on this journey and work even harder together to reach what we jointly want to achieve.”
In addition to the commercial deployment of the 25kW units and the advanced development of the 250kW industrial solutions the investment secures the well-defined employment strategy and the continuation of developing strategic partnerships with utilities, industrial clients, and other relevant stakeholders.
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Read the orginal article: https://arcticstartup.com/hymeth-raises-e3-7m/
