Erlangen-Nürnberg spinout Hydrogenious LOHC Technologies has added $59m to its coffers.

Hydrogenious LOHC Technologies, a Germany-based hydrogen fuel distribution technology spinout of Friedrich-Alexander-University Erlangen-Nürnberg, has raised €50m ($59m) in a funding round led by Jera Americas, a subsidiary of energy utility Jera. The corporate and was joined by Chevron Technology Ventures, the investment arm of oil and gas supplier Chevron, fuel tank producer Royal Vopak, metal forming technology producer Winkelmann Group and mining group Anglo American Platinum (AAP)-backed AP Ventures. The round also included Temasek, Pavilion Capital. Founded in 2013, Hydrogenious LOHC has devised a storage technology that enables liquid hydrogen to be stored and transported safely through conventional fuel delivery channels, for purposes such as refueling and industrial distribution. Automotive manufacturer Hyundai injected an undisclosed amount in May 2020 following a similarly undisclosed sum from AAP in 2014 and $18.9m from Royal Vopak, AP Ventures, conglomerate Mitsubishi, polymer and chemicals manufacturer Covestro and in 2019. Hydrogenious LOHC noted in its latest press release that the 2019 round was actually worth €20m and occurred in July rather than August, but did not provide further clarification.

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).