EUROPE: Blue World Technologies set to scale up methanol fuel cell production – Bunkerspot

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Aalborg-based Blue World Technologies will use loan financing from the Danish Green Investment Fund to move into series production of its methanol fuel cells this year.
Established in October 2028, Blue World Technologies has been in a pre-series production phase but a €7.5 million capital injection from the investment fund will enable the company to proceed to the next step in the commercialisation of its technology.
Anders Korsgaard, CEO Blue World Technologies, commented: ‘The industrialisation process that we have well underway at Blue World Technologies is essential for us to really make a difference to the green transition.
‘And the transition from laboratory production to actual series production is extensive and capital-intensive, and we are grateful for the support we have received from the Danish Green Investment Fund on our journey towards supplying methanol fuel cells as a green alternative to industries around the world.’
Michael Zollner, MD of the Danish Green Investment Fund, noted: ‘When we are to build green companies with technologies that have global potential, it is often crucial that these companies take large and capital-intensive steps towards large-scale production. This particularly applies to Blue World Technologies, which are contributing to the development of sustainable solutions of the future, especially in the field of transport.
‘It will benefit both the climate and the environment and at the same time create growth and jobs in Denmark. Therefore, we are pleased that with this financing we can contribute to an important step in their growth journey.’
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