Spanish-based Matteco has closed a €15m ($16.2m) Series A investment round to ramp up the production of its hydrogen electrolyser catalysts and electrodes.
Seeing support from Grupo ASV, Napil and Zubi, the capital will be used for the opening of the firm’s catalyst and electrode factory in Valencia, which it says will produce the equivalent of 1GW of electrodes per year.
With a 10,000m2 facility in Paterna, Valencia, the firm expects to open its doors imminently.
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