Hydrogen startup raises £3m to boost green energy uptake

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Suiso, a Rotherham-based firm specialising in an advanced hydrogen generator that has the potential to enhance the adoption of renewable energy sources, has successfully secured a funding of £3 million.

The investment has been provided by NPIF – Mercia Equity Finance, under the management of Mercia Ventures and as a component of the Northern Powerhouse Investment Fund, along with Mercia’s EIS funds.

The company based in South Yorkshire intends to manufacture generators comparable in size to shipping containers, which can be conveniently installed onsite to supply power to various facilities such as factories, hospitals, and warehouses.

Additionally, these generators can also be utilised at refueling stations to support hydrogen-powered vehicles.

Read more: Hydrogen startup raises £3m to boost uptake of green energy (businesscloud.co.uk)

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