Dynelectro, a prominent pioneer in green hydrogen technology, has successfully secured an €11m investment to further develop its groundbreaking 1-MW Dynamic Electrolyser Unit (DEU). This investment round, along with €9m in grants from the European Innovation Council and the Danish Energy Technology Development and Demonstration Program (EUDP), will propel Dynelectro’s expansion in the green hydrogen market.
The funding will enable Dynelectro to transition its DEUs from 150-kW prototypes to fully modular 1-MW commercial-scale units, driving innovation and progress in the energy sector. Dynelectro’s solid-oxide electrolysis (SOE) technology sets itself apart with exceptional system performance and longevity, making it a key player in decarbonising hard-to-abate sectors and promoting energy efficiency and sustainability.
Christian Winther, Partner at EIFO Investment, expressed confidence in Dynelectro’s potential, highlighting the company’s sustainable solutions and its positive impact on the global energy landscape. The advancements in solid oxide electrolysis not only reduce costs but also contribute to grid balancing through ancillary services, bolstering Dynelectro’s role as a vital partner for Power-to-X developers.
CEO Sune Lilbaek emphasized the significance of the investment round, citing its validation of Dynelectro’s technology and its potential for significant advancements in sustainable energy. The involvement of industrial giant Yara further underscores the market interest and potential impact of Dynelectro’s technology, particularly in the fertiliser industry’s green transition.
Looking ahead, Dynelectro’s first 1-MW unit installation at European Energy’s renewable energy facility in Denmark is slated for the first half of 2025, marking a monumental milestone in the practical application and benefits of Dynelectro’s advanced energy solution. This serves as a major step forward in the global shift towards green energy, promising a more sustainable and efficient future for the energy sector and beyond.