Solhyd secures €7,5M EIC Accelerator backing to scale green hydrogen
Solhyd has been selected for funding by the EIC Accelerator from EIC – European Innovation Council. This is one of the most competitive innovation programmes in the world, with a success rate of less than 7%, reserved for Europe’s most promising deeptech companies. Solhyd will receive a €2.5M grant and up to €5M in equity investment, to accelerate industrialisation and scale its modular hydrogen technology. Solhyd is a member of Catalisti.
Solhyd gave a statement:
This support validates yet again our radical, rational approach to reducing the cost of green hydrogen: simplified, affordable and truly scalable.
”Directly powered by the sun, we achieve 4x lower energy costs. We make sure green hydrogen can replace fossil hydrogen and becomes affordable for our industries. Over the years, we executed our roadmap, step by step. With this substantial support from the EIC, we can increase the pace of deployment and turn our ambitions into reality even faster. We thank the EIC for strengthening Europe’s deeptech ecosystem and backing technologies that enhance industrial competitiveness and reduce fossil fuel dependence. This is the kind of ambition our continent needs” Congratulations Solhyd!
61 start-ups and SMEs
The European Innovation Council (EIC) has selected 61 innovative start-ups and SMEs to receive funding following its latest evaluation round. Out of 121 proposals that reached the interview stage, these companies were chosen for their transformative technologies and strong commercial promise, securing a mix of grant and equity support. The total proposed funding amounts to €467* million, with 85% of beneficiaries receiving blended finance—a combination of grants and equity investment—while others secured either grant-only or equity-only support.
The selected companies represent 17 EU and associated countries, with the highest number coming from Germany, Spain, France, and Sweden. 28% of the companies them are led by women in key leadership roles such as CEO, CTO, or CSO.
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Solhyd secures €7,5M EIC Accelerator backing to scale green hydrogen, source
