Celadyne secures funding

Celadyne collaborates with fuel cell and utility firms, offering efficient hydrogen solutions to heavy-duty industries such as energy, manufacturing, and transportation. Celadyne's advanced technologies effectively convert hydrogen to usable energy through compact, easy-to-use fuel cells that seamlessly integrate.

"At Celadyne, our mission is simple: unlocking the true potential of hydrogen," said Gary Ong, CEO and Founder at Celadyne Technologies. "This new funding will accelerate our product in the market as we aim to decarbonise industries like transportation and manufacturing, offering a cost-effective route for green hydrogen production. Our goal is to embrace these industries, helping them contribute positively to the planet."

Specifically, Celadyne's materials and technologies replace the proton exchange membrane to create fuel cells that are more durable, and electrolysers that are more compact and efficient. This newfound durability allows fuel cells to be utilised as an environmentally-friendlier alternative to diesel engines, and makes electrolysers that produce low-cost green hydrogen as fuel.

"Like many decarbonised energy solutions, widespread hydrogen adoption faces a clear chicken or egg problem," said Jake Wieseneck, Principal at Maniv. "Celadyne is solving both sides of the problem, by creating high-value hydrogen use cases while simultaneously reducing hydrogen's cost to fuel growth. As believers in mobility innovation's ability to catalyse generational change, we're proud to back companies like Celadyne that are enabling a more sustainable future by creating new building blocks for the movement of people and goods."

This latest funding will expand upon capital from Shell Ventures, Sputnik ATX, the Third Derivative Accelerator, and Sandy Spring Climate Partners. Celadyne has been publicly and financially supported for their hydrogen applications through grants from the US Department of Energy, National Science Foundation, ARPA-E, and Department of Defense - AFWERX. These entities, along with Celadyne's customers, who are Tier 1 automotive leaders shaping the future of mobility worldwide, believe that advanced materials hold the key to unlock the full potential of hydrogen.

Read the article online at: https://www.globalhydrogenreview.com/hydrogen/20022024/celadyne-secures-funding/