Hydrogen Mem-Tech's major shareholders and funders include a range of global companies and institutions.
Our series-A shareholders
AP Ventures manages venture capital funds with a global mandate to invest in pioneering new technologies and businesses. Its overall goal is solving worldwide challenges such as renewable energy integration, resource scarcity and a growing population. AP Ventures has been a hydrogen industry investor since 2013 and is now recognised as a value chain leader. The company currently manages USD$395 million worth of assets on behalf of 12 limited partners, and has a portfolio of 25 technology companies across the hydrogen value chain. Headquartered in London, AP Ventures is led by Managing Partner, Andrew Hinkly, and Founding Partner, Kevin Eggers.
Yara Growth Ventures is the corporate venture capital team for Yara International ASA, a world-leading crop nutrition and agriculture company headquartered in Norway. The team invests in start-ups and venture capital funds at the intersection of science and technology in the clean hydrogen and agriculture industry.
Shell Ventures helps companies reach the next level. With major offices in Europe, the USA, India and China, Shell Ventures invests in innovative companies, from seed to late-stage, to further the development of solutions and technologies with the potential to accelerate the energy and mobility transformation.
Aramco Ventures is the corporate venturing subsidiary of Aramco, the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, it invests globally in start-up and high growth companies with technologies of strategic importance to its parent company, Aramco. These primarily support its operational decarbonisation, new lower-carbon fuels businesses, and digital transformation initiatives. Aramco Ventures also operates Prosperity7, the company’s disruptive technologies investment programme.
SINTEF is one of Europe's largest research institutes with multidisciplinary expertise in science and technology. SINTEF Venture V is an early-stage investment fund focused on the commercialization of research results. The fund has a capital base of NOK 500 million provided by SINTEF, the European Investment Fund, and several private institutional Norwegian investors.
The European Investment Fund (EIF) is the EU's instrument for investing in equity funds in the EEA area. The investment in SINTEF Venture V, which is EIF's largest investment in Norway, has been made possible through funds from InnovFin Equity and financial instruments under the EU's Horizon 2020.
Financial project support
Hydrogen Mem-Tech is grateful to the following institutions for supporting the development of our hydrogen technology.
Gassnova’s support through its CLIMIT-programme has enabled us to develop our palladium silver membrane technology, from lab to pilot.
Initial support from Innovation Norway played a crucial role in developing our commercial-scale separators and refining production procedures for our palladium membrane technology.
We have since secured additional financial backing for a 2-in-1 separator, designed to achieve ultra-pure, fuel-cell quality hydrogen output through a two-step process. Extracting and then purifying hydrogen in a single separator will reduce footprint by 50 per cent and save 25 per cent on costs.
We’ve received support for two projects: one ensuring the cost-effective and stable operation of palladium membranes in H2 production and CO2 capture, and another to establish the scientific knowledge, technology and process for using palladium-based membrane technology.