Modular SMR hydrogen producer BayoTech receives $157M investment
Green Car Congress
JANUARY 6, 2021
BayoTech, Inc., a provider of on-site hydrogen production, received an equity investment of up to $157 million from Newlight Partners LP, a growth equity investor, with participation from existing investors Cottonwood Technology Funds, Sun Mountain Capital and new investor Fortistar. The proceeds will be used to accelerate BayoTech’s strategic growth through product development, project development and infrastructure expansion.
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