German scale-up Hydrogenious LOHC has raised over €17m from investors to support upcoming hydrogen projects and develop its liquid organic hydrogen carrier (LOHC) technology, which delivers a means for storing hydrogen via a catalytic reaction.
The investment will help scale the firm’s LOHC hydrogenation plant at Chempark Dormagen and support the company’s Green Hydrogen @ Blue Danube project, which recently secured €72.5m in funding from the German government and the State of Bavaria.
Investors see the LOHC tech as an great addition to the hydrogen supply chain. Kevin Eggers, founding partner at AP Ventures, said, “We believe that Hydrogenious’ … technology is critical to enabling the hydrogen economy.”
Christian Knechtel, CEO of project investor Winkelmann Group, said the technology represented a “crucial component” for advancing the global energy transition.
New leadership structure
The company has also restructured its management following a year-long transition aimed at refining the company’s strategic direction and operational focus.
Founder Dr Daniel Teichmann will move into the role of Executive Chairman, where he will oversee long-term strategy, financing and engagement with policymakers and investors.
Dr Andreas Lehmann has been appointed CEO, with a focus on operational strategy, corporate functions and public affairs.
Dr Caspar Paetz, as CTO, will lead research, development and technology optimisation, while Dr Stefan Buerkle, newly appointed as COO, will oversee project development, engineering, procurement, construction (EPC) and plant operations.
