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NATUREO FINANCE, investment banking firm providing advice on mergers & acquisitions, capital raising and private placements in the cleantech sectors, advises ERGOSUP on its €11m fundraising for the production and commercialization of its electrolyzer (february 2019).
Created in 2010, ERGOSUP develops hydrogen infrastructures based on its unique and patented technology of direct electrolysis of water under very high pressure. This integrated, competitive and secure system meets the strongly growing need for carbon-free hydrogen, for both “clean mobility” and low-carbon industrial gas applications. Ergosup was awarded the prize for the Global Innovation Competition in 2014, 2015 and 2017, as well as the CES 2019 Innovation Award.
Natureo Finance advised the company on its first €2.7 million round in 2015. The first round helps the company to accelerate the technology development phase and the deployment of demonstrators and also to strenghten the team. This new funding round will help the company to achieve its near term goal i.e to industrialise the production of small series electrolysers, launch the commercialisation and strengthen the team. Patrick Paillère, Ergosup President, acknowledges the quality of Natureo and emphasizes:”We have established a strong relationships with Natureo since 2014, built on their professionalism and expertises in hydrogen”.
After having advised EDF Pulse Croissance Business on its participation in McPhy in 2018, NATUREO FINANCE highlights its expertise in hydrogen with this new transaction.
