Formerly known as Hysilabs, HSL Technologies has announced the arrival of two new investors. These new investors are expected to accelerate the deployment of its solution for transporting hydrogen in liquid form more easily.
HSL Technologies welcomes Exolum and VopakVentures. The former is a Spanish company specialising in the transport of liquid products (in particular biofuels and aviation fuels). It is the leader in Europe and one of the biggest in the world. The second is the investment fund of Royal Vopak, a Dutch oil and gas company. One of its activities is storage.
The press release does not specify the amount of the investment, nor the share they hold in the capital. At any rate, Exolum and Royal Vopak join Equinor Ventures, EDP Ventures and the European Innovation Council as shareholders.
According to Corinne Dubruel, the company’s CEO, HSL Technologies has a process that will have a “disruptive impact” on storage. Indeed, their solution makes it easier to transport hydrogen in liquid form at ambient pressure.
Do you want to learn more about HSL Technologies and its investors? Then our latest 2 articles on the French start-up should interest you. You can read them here and there.
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Article written by Laurent Meillaud and translated by Logan King
