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Peak sustainability ventures along with London-based AP Ventures invests in Mem-tech Investment to Accelerate Green Hydrogen Production

Peak Sustainability Ventures, India-based venture capital fund co-leads an investment in Hydrogen Mem-Tech with, amounting to a 10.5% ownership stake for Peak in the company

 

Peak Sustainability Ventures is one of India’s sustainability venture capital firms. The investment from Peak represents a significant milestone for Hydrogen Mem-Tech. The Trondheim-based company continues to grow its international presence and develop advanced hydrogen technologies. The strategic investment from Peak is part of Hydrogen Mem-Tech’s capital raising round targeting up to NOK 75 million.

 

The Norway-based Hydrogen Mem-Tech is supported by climate investors such as Saudi Aramco Energy Ventures, Shell Ventures, Yara Growth Ventures, and SINTEF

Investment is a Great Fit for Peak’s Strategy

 

Peak’s investment in Hydrogen Mem-Tech is based on the strong and trustworthy relationships built over the past 18 months

Peak backs innovative and deep tech early-stage companies addressing climate problems across four key pillars: New Energy, Water, Food Systems, and Climate Tech

 

Peak’s core investment strategy is to scale global climate technologies in India, and India-based technologies globally

“While we develop cost effective solutions for green hydrogen, Hydrogen Mem-Tech’s membrane-based separation technology provides hydrogen extraction from gas streams and green ammonia applications at a cost and efficiency advantage. This will contribute significantly to achieving global sustainability goals. We are keen to scale this technology in India and globally. Together with Thomas and his team, we look forward to building a great company”, says Shah