Corporates fuel Hydrogenious LOHC’s $19m round

Aug 12, 2019 • Callum Cyrus

Royal Vopak, Mitsubishi and Covestro helped the Erlangen–Nuremberg hydrogen storage technology spinout collect $19m in funding.

Hydrogenious LOHC Technologies, a Germany-based hydrogen storage tank developer spun out of University of Erlangen–Nuremberg, has attracted €17m ($19m) in a round led by fuel tank supplier Royal Vopak.
Manufacturing conglomerate Mitsubishi and speciality polymer and chemicals supplier Covestro both put up a share of the cash, as did hydrogen fuel-focused venture capital firm AP Ventures, which counts Mitsubishi as an investor.
Founded in 2013, Hydrogenious LOHC has devised a storage technology that enables liquid hydrogen to…

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