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GlobalData: Hydrogen market growth to surge in 2023 despite slowing global economy

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Hydrogen development, given its application across various industries, is indispensable to attaining energy transition, meeting decarbonization goals, and positioning leading companies as market experts. On the other hand, venture finance deal values also grew from $595.23 Last year, mergers and acquisitions (M&A) deals reached $24.4

Hydrogen 473
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Better Place closes $200M Series C financing; valuation now $2.25B

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Better Place, a developer and provider of electric car networks—including battery switch stations, batteries and public/personal charge spots ( earlier post )—worldwide, has secured $200 million through a Series C equity financing from a consortium of top-tier investors and partners, nearly doubling the company’s valuation to $2.25

Financing 252
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Novozymes and Shengquan finalize cellulosic ethanol enzyme supply deal; Shenquan production begins next month

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Shengquan will market the ethanol as an industrial solvent. According to Bloomberg New Energy Finance, China could easily replace almost 40% of its annual gasoline consumption with advanced biofuels by 2030. Furfural is produced from corncob xylose, with the cellulose from the corncob left behind as a waste product.

Supplies 281
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Better Place consortium launches electric taxi project with battery switch station at Schiphol airport

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Awarded last year, the project consortium, “Greening European Transportation Infrastructure for Electric Vehicles,” is the first decarbonization infrastructure project co-financed by the European Union’s TEN-T program. In both markets, drivers of more than 500 Renault Fluence Z.E. 1,150 KM in 16 hours without stopping to charge.

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Better Place secures €40M European Investment Bank loan

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The majority of the proceeds from the loan (approximately €30 million, US$37 million) will be used to finalize network deployments and fund operations in Denmark. In Denmark, the Better Place network of Battery Switch Stations now connects Copenhagen to Aarhus. The remaining proceeds will be used for similar purposes in Israel.

Israel 257
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GE and Better Place Partner to Accelerate EV Infrastructure Deployment; Integrating GE WattStation with Better Place Services

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GE and Better Place have formed a technology and financing partnership to accelerate the global deployment of electric vehicle infrastructure through collaboration in four key areas: standards-based technology development; battery financing; joint fleet electrification programs; and consumer awareness. GE’s WattStation.

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Hysata closes $42.5M AUD Series A to commercialize capillary-fed electrolysis

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Virescent Ventures led the funding round on behalf of the Clean Energy Finance Corporation (CEFC) (Aus), with participation from Kiko Ventures (UK), IP Group Australia, Vestas Ventures (Denmark), Hostplus (Aus) and BlueScope (via its ventures arm BlueScopeX TM) (Aus). million AUD (US$30 million).