HPNow, the pioneer in electrification of the hydrogen peroxide trade, introduced the a success last of a €14M spherical.
The fairness spherical is led through The Export and Funding Fund of Denmark (EIFO) at the side of Novo Holdings. Different traders within the spherical come with MatiTech – a sustainable water remedy resolution supplier in Sub Sahara, and current traders Evonik Mission Capital and AP Ventures.
HPNow’s step forward electrochemical era allows the secure and sustainable technology of a formidable inexperienced oxidant without delay on website, the usage of simplest water and electrical energy as inputs. The output resolution breaks right down to natural water and oxygen following use. HPNow is bringing to marketplace a greener choice to the traditional fossil-fuel founded centralized manufacturing, transportation and dealing with of bulk hydrogen peroxide, offsetting up to 3 heaps of CO2eq in line with ton of hydrogen peroxide generated on website, in comparison to same old manufacturing ways.
With packages throughout agriculture, procedure water, and the meals and beverage sectors, HPNow’s answers supply now not just a sustainable choice however an economically viable one, with robust payback as in comparison to conventional chemical-based water remedy. The corporate’s answers can additional be applied against the breakdown of hazardous micro-pollutants in ingesting water originating from prescription drugs, cosmetics, and O&G industries.
Proceeds from this spherical of financing will essentially be used against the scaling up of HPNow’s advertising, gross sales, technical make stronger and manufacturing capability, with a view to cope with rising marketplace call for.
“Danish Energy-to-X pioneers like HPNow are main easy methods to a extra sustainable long run. From agriculture to trade, their era, at the start evolved on the Technical College of Denmark, represents a multi-billion euro marketplace alternative for secure, sustainable and inexpensive water remedy,” stated Funding Director at EIFO, Jonas Bjaaland.
“For EIFO you will need to make certain that inexperienced capex in depth pioneers like HPNow can scale up and make their era to be had for the arena marketplace. We do this through last the investment hole with fairness for now however will even at a later level have the ability to supply debt and export credit score in company with business banks. With this crew of traders HPNow can take large steps against reaching now not simplest the arena marketplace purpose but in addition the UN Sustainable Construction Objectives,” he added.
“Water is an important useful resource for our planet and the folks that inhabit it. With our funding we’re striving to learn other folks and the planet, so this endeavour into sustainable water remedy is a logical step for us. HPNow’s hydrogen peroxide technology era contributes to the accountable use of one of the vital treasured assets now we have, and we’re more than happy to sign up for the corporate in this adventure,” Marcus Remmers, Spouse at Bioindustrial Investments, Novo Holdings, added.
“This new funding spherical, led through top-tier traders EIFO and Novo Holdings, represents a powerful endorsement of our era and marketplace choices, and can allow us to take a significant bounce ahead in our corporate’s construction. With the robust backing of latest and current companions, our corporate is able to take sustainable on-site peroxide technology to the following stage,” stated Ziv Gottesfeld, CEO at HPNow.
About HPNow
HPNow addresses rising world demanding situations in blank water and sanitation via its vary of on-site, self reliant, secure, and sustainable ultra-pure hydrogen peroxide technology answers. HPNow was once spun out of the Danish Technical College (DTU) in 2015, and is now headquartered in Copenhagen, with gross sales illustration throughout Europe, the Americas and Asia. HPNow’s answers cope with water remedy execs’ wishes in marketplace segments starting from agriculture to business and ingesting water remedy. HPNow is a era and marketplace chief in on-site technology of hydrogen peroxide and is often striving to additional advance its era and merchandise with a view to meet rising marketplace wishes and emerging world call for.