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HySiLabs Secures €13M in Series A Funding for Siloxane Liquid Carriers to Transport Hydrogen
HySiLabs Secures €13M in Series A Funding for Siloxane Liquid Carriers to Transport Hydrogen

HySiLabs Secures €13M in Series A Funding for Siloxane Liquid Carriers to Transport Hydrogen

  • 07-Feb-2023 4:46 PM
  • Journalist: Nicholas Seifield

Europe: HySiLabs, a France-based company developing a Siloxane liquid carrier for Hydrogen, recently announced that it has secured €13 million in a Series A funding round. The leading investor was Equinor Ventures, and other participants included the European Innovation Council Fund, EDP Ventures, PLD Automobile, Kreaxi, Region Sud Investissement and CAAP Creation. The financial backing will drive the development of HySiLabs' technology forward.

Research recently announced a ground-breaking development in the world of energy production. Scientists have discovered that liquid siloxane Hydrogen carrier compounds can be synthesized using only Silica, Hydrogen, Water, Silicon, and Oxygen. This new method doesn't require the use of any dangerous, carbon-emitting materials and can have a major positive impact on the environment.

Hydrosil, a revolutionary new Hydrogen carrier, has shown remarkable promise in initial tests. This technology allows H2 to be stored and transported at ambient pressure and temperature, while being capable of releasing the gas on demand. HySiLabs has developed two unique chemical processes to ensure Hydrosil provides reliable charging and releasing of Hydrogen.

HySiLabs has developed a revolutionary technology that could potentially be the answer to the ongoing challenge of safely and cost-effectively transporting and storing Hydrogen at scale. By utilizing this molecule, energy is required for locking Hydrogen into its carrier, but no energy is needed for releasing it; something that other liquid organic Hydrogen carrier (LOHC) solutions cannot offer.

The potential to ship Hydrogen to demand hubs and release Hydrogen without consuming energy is highly attractive - making it a great option for future energy needs.

HySiLabs, co-founded by Pierre-Emmanuel Casanova (CBO) and Vincent Lome PhD (CSO) in 2015, is an established player in the world of industrial Hydrogen. They are currently working on multiple pilots, such as H2Gate with the help of Port of Amsterdam for storing Hydrogen on an industrial scale, and QualifHY developed in tandem with Helion Hydrogen Power to couple HySiLabs’ solution with fuel cells. On top of that, they have recently signed a Memorandum of Understanding (MoU) with Vinci Geostock to test underground storage of Hydrogen.

HySiLabs has achieved a major milestone in 2022 by being selected as one of the top 20 French green tech startups under the French Tech Green20 development programme. Furthermore, the company secured €13 million in Series A funding and is on track to raise additional capital in its second closing scheduled for February 2023.

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