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§ Private Profile · Copenhagen, Hovedstaden, Denmark
Develops solid oxide electrolysis technology for clean hydrogen, syngas, and e-fuels, commercializing 1+ MW units for green energy.
Dynelectro develops solid oxide electrolysis technology designed to produce clean hydrogen, syngas, and e-fuels from water and renewable power. The company commercializes dynamic electrolyser units with capacities exceeding 1 megawatt, utilizing a control system that extends equipment lifespan from two years to ten years. By handling intermittent renewable energy inputs, the hardware enables efficient green fuel production and provides grid services for various energy market operators. The enterprise has secured over €20 million in total capital, comprising €11 million in equity and €9 million in grants, to support its ongoing technology development and demonstration projects. Its capitalization table features financial backing from prominent institutional and industrial investors, including the Export and Import Fund of Denmark, Yara Growth Ventures, Vsquared Ventures, and Shell Gamechanger. Dynelectro was founded in 2018 by Søren Højgaard Jensen and Samantha Phillips.
Dynelectro has raised $26.5M across 2 funding rounds.
Dynelectro has raised $26.5M in total across 2 funding rounds.
Dynelectro has raised $26.5M in total across 2 funding rounds.
Dynelectro's investors include Denmark, Yara Growth Ventures.
Dynelectro has raised $26.5M across 2 funding rounds. Most recently, it raised $21.6M Grant / Other Equity in July 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 11, 2024 | $21.6M Grant | Denmark, Yara Growth Ventures | — | Announced |
| Jun 9, 2023 | $4.8M Seed | — | — | Announced |