ERGOSUP raises €11 million to deploy its green hydrogen production and storage infrastructure
ERGOSUP develops hydrogen infrastructures based on its unique and patented technology of direct electrolysis of water under very high pressure. This integrated, competitive and secure system meets the strongly growing need for carbon-free hydrogen, for both “clean mobility” and low-carbon industrial gas applications.
After a first round of €2.7 million in 2015, the French start-up raised €11 million this year from the PSIM Fund (Major Innovation Support Programme) managed by Bpifrance as part of the Future Investments Programme, AP Ventures, Kouros and Normandie Participations, as well as its long-standing shareholders Air Liquide Venture Capital (ALIAD), Demeter, GO CAPITAL and Arkéa Capital. Its near term goal are to industrialise the production of its small series electrolysers, develop its marketing function and strengthen its team with the recruitment of ten new employees.
Please refer to the press release for further information : CP-Levee-fonds-ERGOSUP_ENGLISH