£5m for hydrogen fuel cell tech goes to Bramble Energy: Bramble Energy the hydrogen fuel cell company has arranged an investment of £5 million to accelerate the development of the technology.
BGF (Business Growth Fund) led the investment round and included other investors including Parkwalk Advisors, IP Group and UCL Technology Fund.
Hydrogen fuel cells use electrochemical reactions rather than combustion to generate electricity, which produces only water and heat as by-products eliminating carbon emissions from the power unit.
Founded in 2016 Bramble Energy is a spinout from Imperial College London and University College London and claims to have developed the only technology using existing global manufacturing resources that is capable of producing gigawatts of hydrogen fuel cells resulting in reducing the time to market and investment needed.
Manufacture of its fuel cell can take place in almost all printed circuit board (PCB) factories worldwide, says the company.
The funding will support the launch of Bramble Energy’s portable power product range, that are zero emission replacements for diesel generator technologies, starting with a low cost, flexible 20W unit, followed by 60W and 100W units , it has recently started product acceptance testing with industrial hydrogen producer BOC/Linde.
Co-founder and CEO at Bramble Energy, Dr Tom Mason adds: “This is a hugely exciting time for Bramble Energy, with many eyes focused on the UK’s leadership role in the transition to a greener economy. We are solving some of the greatest barriers to the adoption of fuel cells – through our ground-breaking manufacturing route, scale-up potential and low cost production.
“BGF understands our mission, culture and technical capabilities. We are pleased to have them on board, backing our growth and expansion at a critical juncture for the business.”
Investor George Mills, , BGF said: “Bramble has created a world-first in the production of hydrogen fuel cells, with the potential to transform a global and growing market. Critically, Bramble has inherent scale-up potential with fuel cells that can be made in PCB factories around the world.
“BGF is backing a pioneering team with significant commercial acumen. As the UK advances towards its greener future, the cleantech industry is one of increasing interest to BGF, with our capital and financial firepower designed to help accelerate growth and provide long term partnerships.”
£5m for hydrogen fuel cell tech goes to Bramble Energy