With the EU looking at building its global leadership in manufacturing green hydrogen, companies here are rapidly switching to renewable energy. To generate hydrogen, they are now building electrolyzers using noble metals and other materials.
The procedure is extremely expensive and difficult. Add to it the two problems of insufficient robustness due to high corrosion, and a limited amount of resources.
Attempting to solve this problem, Riga-based Naco has raised €1.5 million funding to empower a green hydrogen revolution. The seed round saw the participation of London-based Untitled Ventures and Latvia’s Buildit Accelerator. The fresh capital will be used for building a manufacturing station to provide its clients with ready-to-use coated parts.
The Latvian startup is on a mission to empower a shift towards hassle-free hydrogen production. It is doing so by providing a full…
Latvia’s Naco fuelled with €1.5 million to drive green hydrogen revolution
