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Australian clean tech Endua fixes renewable energy’s intermittency problem
Australian clean-tech startup Endua raises AU$11.8 million to scale its modular hydrogen generation and storage systems. Its electrolyzers use renewable power to produce hydrogen, which the company stores in high-pressure tanks and converts into electricity with fuel cells when needed; each module can support loads of up to 100 kW. Endua plans to use the funding to scale pilot systems and hire over the next 18 months.
May 2023 · TechCrunchNews article
Australian clean-tech Endua fixes renewable energy’s intermittency problem
Endua raises A$11.8 million (about US$7.8 million) to scale modular hydrogen generation and storage systems that address renewable power intermittency. New investors Queensland Investment Corporation, Melt Ventures and 77 Partners contribute A$7.5 million, with the rest coming from returning investors Main Sequence and Ampol. Endua plans to scale its pilot systems and hire over the next 18 months, while establishing manufacturing facilities in Queensland.