Brineworks has secured €2m ($2.2m) in funding to accelerate its seawater electrolysis technology capable of extracting hydrogen and CO2 from the ocean.
VC firm Pale Blue Dot led the funding round, supporting the Dutch start-up’s direct ocean capture (DOC) technology, which could enable large-scale e-fuel production.
Based in Amsterdam, Brineworks is now expected to advance its technical development and deploy its first technical pilot project, utilising the secured investment.
H2 View understands the technology can produce both hydrogen and CO2 at a low cost, whilst also being a clean, decentralised and self-sufficient solution that can power engines without relying on the grid.
Both hydrogen and CO2 are critical for e-fuel production, with the latter providing the backbone and the hydrogen supplying the energy needed to synthesise the fuels.
“Current CO2 capture methods, whether from industrial sources or direct air capture, are either not sustainable, too limited in scale, or too costly,” explained Gudfinnur Sveinsson, Co-Founder and CEO of Brineworks.
“Brineworks offers an alternative that is sustainable, scalable and cost-effective, making e-fuel scale-up for the maritime and aviation industries a real possibility.”
In the UK, Celtic Sea Power produced hydrogen from desalinated seawater offshore in June (2024), and later secured Innovate UK funding of around $1.14m to deliver the project.
Read more:Celtic Sea Power secures £887k for offshore hydrogen production project in Wales
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