Fuel cell manufacturer Blue World Technologies closes financing round with Maersk Growth and EIFO
AALBORG, Denmark, Dec. 5, 2023 /PRNewswire/ -- Today Blue World Technologies announced that Maersk Growth, the venture arm of A.P. Moller – Maersk participates in an 11 million EUR pre-C-round alongside The Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders.
- AALBORG, Denmark, Dec. 5, 2023 /PRNewswire/ -- Today Blue World Technologies announced that Maersk Growth, the venture arm of A.P.
- The financing round was announced during COP28 in Dubai where Blue World Technologies was presenting their high-temperature PEM fuel cell technology as a solution to support the decarbonisation of the maritime industry.
- The Blue World methanol fuel cells enable efficient conversion of methanol to electricity with a superior electrical efficiency of up to 65%.
- With an industrial approach, Blue World Technologies has built a fuel cell factory in Aalborg, Denmark, ensuring in-house production of all the core fuel cell components alongside system development and manufacturing.