# Hydrogen Mem-Tech

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hydrogen-mem-tech

- Industry: Renewable Energy
- Headquarters: Trondheim, Norway
- Website: www.hydrogen-mem-tech.com
- Total disclosed funding: $25M
- Latest round: Series A (Oct 11, 2024)
- Investors on record: 6

## About

Based in Trondheim, Norway, and founded in 2017, Hydrogen Mem-Tech AS operates as a provider of separation technology for hydrogen. In May 2022, company AS raised NOK 170 million in Series A funding from new investors AP Ventures, Saudi Aramco Energy Ventures, Shell Ventures, SINTEF, Yara Growth Ventures. The firm is headed by Thomas Reinertsen as CEO.

The company offers state-of-the-art hydrogen separation technology, where with the help of a palladium membrane hydrogen is separated from carbon capture prior to combustion in a separator. The company’s technology is used in refineries, bio-refineries, and chemical plants, steel production, power generation, gas networks, transportation, marine, aviation, and agriculture sectors for producing clean hydrogen, and the firm offers an end-to-end service including management, engineering, planning, fabrication, and installation.

The company will use the May 2022 funding to grow in years to come as well as upgrade its commercialization.

## Funding rounds

- Series A, Oct 11, 2024, $7M — SINTEF, Shell Ventures, Aramco Ventures, AP Ventures, Peak Venture Partners, Yara Growth Ventures
- Series A, May 6, 2022, $18M — SINTEF, Shell Ventures, Aramco Ventures, AP Ventures, Yara Growth Ventures

## Investors

- SINTEF (https://capitalatlas.ai/funds/sintef) — Series A
- Shell Ventures (https://capitalatlas.ai/funds/shell-ventures) — Series A
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A
- AP Ventures (https://capitalatlas.ai/funds/ap-ventures) — Series A
- Yara Growth Ventures — Series A
- Peak Venture Partners — Series A