IPCEI
Place Madou 1 / Madouplein 1, Bruxelles, 1210, Belgium
Overview
IPCEI might provide a major contribution to employment creation, economic expansion, the shift to a green and digital economy, and the competitiveness of the Union's business and economy.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Investment portfolio
- Stargate Hydrogen
Led · Seed · May 2024
Stargate Hydrogen is a Tallinn-based manufacturer of electrolyser stacks and systems that has developed proprietary stack technology to increase reliability and minimize equipment degradation. Its innovations are designed to improve unit economics and raise returns for green hydrogen project developers. The performance of Stargate stacks has been validated by ZSW in Stuttgart. Customers include Fortum, Utilitas, and ABB. Led by CEO Marko Virkebau, the company intends to use the funds to scale manufacturing capacity, expand internal testing capabilities, and establish strategic partnerships within the global green hydrogen ecosystem. It raised €11M in a Series A and, together with grants, reports $50M of total committed capital. Stargate Hydrogen develops ceramic-based electrolysis technology that replaces precious-metal catalysts with ceramic-based catalyst materials to reduce the levelized cost of hydrogen. The company has created a proprietary stack and system design and treats the electrolyzer as a battery system, applying lessons from lithium-ion battery development cycles. Its IP portfolio covers materials, electrodes, stack design and plant control systems. The first installations of Stargate’s electrolyzer technology are already deployed in the field. Led by CEO Marko Virkebau, the company plans to use new funding to expand operations and advance development efforts. Stargate is based in Tallinn, Estonia.
Team
No current team members are available.